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Downtrend Broken Resist.Archive - 10/18/2024 - Sign In to see current Signals. |
Google Inc. (GOOG) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a first positive week for the Google Inc. (GOOG). During the week, the GOOG climbed 0.53 points, or 0.32%, and closed at 165.05 on Friday, October 18, 2024. Weekly volume was -38% below average. Long-term trend: [See GOOG long-term trend chart] A long-term downtrend had started on February 2, 2022 at 3042.00 and reached 83.45 on November 3, 2022. GOOG lost 2958.55 points, or 97.26%, in 39 weeks. The chart has formed a Rectangle chart pattern. The trend support level is at 158.28 and resistance is at 187.77. A rectangle chart pattern is characterized as a short-term horizontal channel and represents a trading range and indecision area that is usually resolves in the direction of the main trend. Chart analysis usually considers a rectangle pattern a continuation formation, but it can also mark significant top and bottom. A rectangle pattern within younger parent trend has more chances to mark a continuation. Use the following link to access a Rectangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rectangle pattern in a long-term trend. Medium-term trend: [See GOOG medium-term trend chart] A medium-term uptrend had started on November 3, 2022 at 83.45 and reached 193.31 on July 10, 2024. GOOG gained -109.86 points, or -131.65%, in 87 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 153.65 and resistance is at 190.13. 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 medium-term trend. Weekly Technical Indicators: [See GOOG weekly technical indicators chart] Weekly technical indicators are neutral. The weekly MACD line is below its signal line since July 26, 2024. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help. Short-term trend: [See GOOG short-term trend chart] A short-term downtrend had started on October 1, 2024 at 170.44 and reached 161.12 on October 9, 2024. GOOG lost 9.32 points, or 5.47%, in 8 days. The price is now at the 42.17% retracement level. Daily Technical Indicators: [See GOOG daily technical indicators chart] Daily technical indicators are neutral. The daily MACD line is below its signal line since October 17, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger. During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level. The price is close to the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 4.34% on Friday. It is 62.19% lower than one year average. It indicates the period of low volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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