Alphabet Inc-C Technical Analysis (NASDAQ:GOOG)
Technical chart patterns are studied in depth by people who strongly believe in technical analysis. These type of investors who look at trading charts or technical stock charts are usually traders rather than value investors. When a chart pattern that can predict future Alphabet Inc-C stock price movements is formed, the GOOG stock chart can become a key tool for a technical analyst.
You can view Simple Moving Average (SMA 20 day, 50 day & 100 day), Exponential Moving Average (EMA 20 day, 50 day & 100 day) charts, and Bollinger Bands for Alphabet Inc-C. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Alphabet Inc-C stock analysis.
Alphabet Inc-C Moving Average:
GOOG stock price movements can be forecasted by using triggers based on moving averages, which are also some of the simplest technical indicators. The way the averages are calculated in each of the 2 popular cases, that is SMA and EMA varies, however the interpretation of Alphabet Inc-C chart patterns after the calculations remain the same. The 100 day moving average of 898.92 is below the last closing price of 968.15. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $938.44 is below the price of $968.15.
Alphabet Inc-C Bollinger Bands:
Bollinger bands comprise of a center line usually GOOG SMA, and two GOOG stock price bands above and below it. The stock is considered over brought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Alphabet Inc-C bollinger bands show that the stock price is $968.15, upper band is 556.46, lower band is 508.63, and the average is 532.55.
Alphabet Inc-C Moving Average Convergence Divergence or MACD:
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Alphabet Inc-C MACD indicator is below 0 indicating a bearish trend.
Alphabet Inc-C Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of GOOG stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .