ALPHABET INC. CLASS A - Daily - Technical analysis published on 08/12/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
44%
6%
50%
My opinion
Bullish above 127.27 USD
My targets
132.72 USD (+2.44%)
149.84 USD (+15.65%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ALPHABET INC. CLASS A as long as the price remains well above 127.27 USD. The buyers' bullish objective is set at 132.72 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 149.84 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.3
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Additional analysis
Quotes
The ALPHABET INC. CLASS A rating is 129.56 USD. On the day, this instrument lost -0.10% and was traded between 128.17 USD and 129.93 USD over the period. The price is currently at +1.08% from its lowest and -0.28% from its highest.128.17
129.93
129.56
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this ALPHABET INC. CLASS A chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Daily
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 104.19 | 116.45 | 127.27 | 129.56 | 132.72 | 149.84 |
| Change (%) | -19.58% | -10.12% | -1.77% | - | +2.44% | +15.65% |
| Change | -25.37 | -13.11 | -2.29 | - | +3.16 | +20.28 |
| Level | Intermediate | Intermediate | Major | - | Major | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 126.75 | 127.46 | 128.51 | 129.22 | 130.27 | 130.98 | 132.03 |
| Camarilla | 129.08 | 129.24 | 129.40 | 129.56 | 129.72 | 129.88 | 130.04 |
| Woodie | 126.92 | 127.55 | 128.68 | 129.31 | 130.44 | 131.07 | 132.20 |
| Fibonacci | 127.46 | 128.13 | 128.55 | 129.22 | 129.89 | 130.31 | 130.98 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 123.92 | 126.05 | 127.80 | 129.93 | 131.68 | 133.81 | 135.56 |
| Camarilla | 128.49 | 128.85 | 129.20 | 129.56 | 129.92 | 130.27 | 130.63 |
| Woodie | 123.74 | 125.96 | 127.62 | 129.84 | 131.50 | 133.72 | 135.38 |
| Fibonacci | 126.05 | 127.53 | 128.45 | 129.93 | 131.41 | 132.33 | 133.81 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 102.41 | 108.88 | 120.80 | 127.27 | 139.19 | 145.66 | 157.58 |
| Camarilla | 127.66 | 129.35 | 131.03 | 132.72 | 134.41 | 136.09 | 137.78 |
| Woodie | 105.14 | 110.24 | 123.53 | 128.63 | 141.92 | 147.02 | 160.31 |
| Fibonacci | 108.88 | 115.91 | 120.25 | 127.27 | 134.30 | 138.64 | 145.66 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 57.89 | |
| MACD (12,26,9): | 2.2400 | |
| Directional Movement: | 4.44 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 130.63 | |
| Parabolic SAR (0,02-0,02-0,2): | 133.74 | |
| Elder Ray (13): | 0.18 | |
| Super Trend (3,10): | 122.03 | |
| Zig ZAG (10): | 129.56 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 69.41 | |
| TEMA (21): | 131.29 | |
| Williams %R (14): | -32.86 | |
| Chande Momentum Oscillator (20): | 0.29 | |
| Repulse (5,40,3): | -0.6300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2600 | |
| Courbe Coppock: | 11.30 |
| MA7: | 129.77 | |
| MA20: | 127.29 | |
| MA50: | 124.05 | |
| MA100: | 116.95 | |
| MAexp7: | 129.73 | |
| MAexp20: | 127.69 | |
| MAexp50: | 123.63 | |
| MAexp100: | 117.95 | |
| Price / MA7: | -0.16% | |
| Price / MA20: | +1.78% | |
| Price / MA50: | +4.44% | |
| Price / MA100: | +10.78% | |
| Price / MAexp7: | -0.13% | |
| Price / MAexp20: | +1.46% | |
| Price / MAexp50: | +4.80% | |
| Price / MAexp100: | +9.84% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The last news published on ALPHABET INC. CLASS A at the time of the generation of this analysis was as follows:
- Brillio Partners with Google Cloud to Build Generative AI Solutions for the Financial Services and Healthcare Industries
- Costimize Launches Advanced FinOps Platform on Google Cloud Marketplace for Tailored Cloud Cost Optimization and Compliance
- Cedar Builds AI-Powered Tools to Improve Healthcare Financial Experience for Patients Across the United States in Collaboration With Google Cloud
- FullCircl's Customer Lifecycle Intelligence APIs for Financial Institutions Now Available on Google Cloud Marketplace
- BigCommerce To Launch New Google Cloud AI-Powered Ecommerce Features
This member declared not having a position on this financial instrument or a related financial instrument.
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