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Google Technical Analysis - Google Trading: 2023-12-19
Alphabet Inc. Technical Analysis Summary
Above 138.27
Buy Stop
Below 134.64
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Buy |
| Donchian Channel | Neutral |
| MA(200) | Buy |
| Fractals | Neutral |
| Parabolic SAR | Buy |
Alphabet Inc. Chart Analysis
Alphabet Inc. Technical Analysis
The technical analysis of the GOOGLE stock price chart on 4-hour timeframe shows #S-GOOG,H4 is rebounding after returning above the 200-period moving average MA(200). We believe the bullish momentum will continue after the price breaches above the upper boundary of Donchian channel at 138.27. This level can be used as an entry point for placing a pending order to buy. The stop loss can be placed below at 134.64. After placing the order, the stop loss is to be moved every day to the next fractal low indicator following Parabolic indicator signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (134.64) without reaching the order (138.27), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Stocks - Alphabet Inc.
Google has agreed to pay $700 million to US consumers, states in Play store settlement. Will the GOOGLE stock price rebounding continue?
Alphabet's Google has agreed to pay $700 million and to allow for greater competition in its Play app store, according to the terms of an antitrust settlement. Google will pay $630 million into a settlement fund for consumers and $70 million into a fund that will be used by states. The settlement still requires a judge's final approval. Google was accused of overcharging consumers through unlawful restrictions on the distribution of apps on Android devices and unnecessary fees for in-app transactions. As part of the settlement, Google said it would simplify users' ability to download apps directly from developers. Google faces other lawsuits challenging its search and digital advertising practices.
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