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Archive
- 12/13/2024 -
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Google Inc. (GOOG) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a third consecutive positive week for the Google Inc. (GOOG). During the week, the GOOG gained 14.91 points, or 8.45%, and closed at 191.40 on Friday, December 13, 2024. Weekly volume was 15% above average.
GOOG is a member of Communication Services Sector. Communication Services is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See GOOG long-term trend chart]
A long-term uptrend had started on November 3, 2022 at 83.45 and reached 196.90 on December 11, 2024. GOOG gained -113.45 points, or -135.95%, in 109 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 159.15 and resistance is at 222.31. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
 Medium-term trend: [See GOOG medium-term trend chart]
A medium-term uptrend had started on September 9, 2024 at 148.20 and reached 196.90 on December 11, 2024. GOOG gained -48.70 points, or -32.86%, in 13 weeks. The price is now at the 11.29% retracement level.
 Weekly Technical Indicators: [See GOOG weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.
The weekly MACD line is above its signal line since November 1, 2024. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
Short-term trend: [See GOOG short-term trend chart]
A short-term uptrend had started on November 21, 2024 at 165.30 and reached 196.90 on December 11, 2024. GOOG gained -31.60 points, or -19.12%, in 20 days. The price is now at the 17.41% retracement level.
 Daily Technical Indicators: [See GOOG daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. Use the following links to access Lane's Stochastic and Relative Strength Index help.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Communication Services |
12 |
| Industry |
Interactive Media & Services |
102 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
165.30 |
| Low Date |
11/21/2024 |
| High |
196.90 |
| High Date |
12/11/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
165.30 |
| Low Date |
11/21/2024 |
| High |
196.90 |
| High Date |
12/11/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
148.20 |
| Low Date |
09/09/2024 |
| High |
196.90 |
| High Date |
12/11/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Valid |
| Resistance |
222.31 |
| Support |
159.15 |
| Low |
83.45 |
| Low Date |
11/03/2022 |
| High |
196.90 |
| High Date |
12/11/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
3042.00 |
| High Date |
02/02/2022 |
| Low |
83.45 |
| Low Date |
11/03/2022 |
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