Google Analysis Looks like a sell for GOOG. Today is earnings day. Stock market is due for a correction. Might start with Goog earnings??
GOOG trade ideas
$GOOGL Implied move for earningsThe implied move for Google earnings tomorrow is between 195 and 169.
GL, y'all...
ALPHABET ( GOOGL ) Uptrend Line Rejection at $176.94. 23.07.2024Uptrend line Rejection (4HR chart): Alphabet Inc (NASDAQ : GOOGL) Class A at $176.94.
If Rejection Holds:
Potential rise to $189.75.
If $189.75 breaks, target $206.03.
If Rejection Fails:
Potential drop to $166.88.
If $166.88 breaks, target $158.97.
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GOOG: Risk for HFT Gap on EarningsThe mighty NASDAQ:GOOG has hit the Market Saturation Phase and its advertising AI is one of the primary problems. Alphabet is losing small business advertisers in droves as prices skyrocket to advertise on Google Ads while results are dismal for the advertisers.
This run down is due to speculation that is not based on financial data. It may find support at this level, but it is vulnerable to an HFT gap down. It is never a good sign to see selling a few days ahead of an earnings report. A gap up would be based on Year over Year, not quarterly improvement.
Ichimoku Watch: Google Poised to Test Kumo CloudUpcoming Earnings
Alphabet Inc. (ticker: GOOG) is scheduled to report earnings after the market closes on 23 July. The consensus Earnings Per Share (EPS) estimate for the fiscal quarter ending June 2024 is $1.85. The reported EPS for the same quarter a year prior was $1.44.
Price Action Nearing Ichimoku Cloud
The stock is poised to register its first losing month (down -2.2% month to date) following four consecutive winning months. Price action has dipped beneath the Conversion Line (blue at $185.76) and the Base Line (red at $184.47); of note, the former has yet to cross beneath the latter (which can be viewed as a bearish signal).
Price movement also remains below the Lagging Span (dark green at $179.39), a bullish signal, and the stock is nearing the Ichimoku Cloud, which has been in play since the Leading Span A (light green at $185.11) crossed above the Leading Span B (light orange at $179.54) at the beginning of May. The Ichimoku Cloud can offer traders a dynamic support area in uptrends.
Another observation worth highlighting is the support level located within the Ichimoku Cloud at $173.05.
Price Direction?
In light of the visible uptrend, a test of the Ichimoku Cloud could be a factor that prompts buying. Buyers will also likely want to have support tested at $173.05 and also the Conversion Line cross back above the Base Line (by the time the price reaches the Ichimoku Cloud, the Conversion Line would have crossed below the Base Line); traders use an upward crossover as additional strength confirming the Ichimoku Cloud.
7/21/24 - $googl - Considering long into EPS7/21/24 :: VROCKSTAR :: NASDAQ:GOOGL
Considering long into EPS
- 30x PE but cagr'ing >20% (closer to 25%) in the coming 2Y, reasonable but not cheap
- don't love what the company stands for, but they're so entrenched. 6x EV/sales also reasonable
- presumably have an ai compute advantage from a. their scale users b. and their scale users data (the UGC that's not publicly searchable) and c. cost of capital/ borrow to invest at a higher level vs most remains convincing.
- the nasdaq sell off has yanked semis which has had a passive knock on everything else. meta and googl are not china-non-exposed, but certainly less so than many of the other co's that are in the cross hairs (sorry too soon lol).
- anyway. i'm considering a punt esp if we have a little dumparoo/ lighter tape to start the week.
lmk what you think. a beat could send this back to the $190 level and i think downside perhaps equally $8-10 but it gets bought and it's a stock where you could theoretically buy that dip and double trading size and pare losses with a retrace. if rallies, it could also continue on a hot tape.
have a good week everyone.
V
GOOGL Alphabet Options Ahead of EarningsIf you haven`t bought GOOGL at the start of the reversal:
Now analyzing the options chain and the chart patterns of GOOGL Alphabet prior to the earnings report this week,
I would consider purchasing the 200usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $7.40.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
GOOGL expected correction and buying areaDue to a piercing candle pattern and completion of 5 wave impulsive Elliott wave pattern, I expect Google to correct to price levels below in black from where I expect it to rally to new all time high
GOOGL: A Big Drop Is ComingGOOGL reports earnings next Tuesday as well as many other big name stocks. With selling increasing throughout the overall market, I see GOOGL as one of the main companies leading us even further down. PT1 is $162 and PT2 is $150
GOOG - Alphabet Inc (Google) Class C - 4h CAPITAL.COMAnalysis and Forecast:
Trend Analysis:
The chart shows an upward trend, but recently there has been a reversal below the resistance around $186.62.
The price has fallen below the 10-period EMA (yellow), indicating a possible short-term trend change.
Entry and Exit Levels:
Short Entry (Sell): $174.12
Target: $136.09
Stop-Loss: $186.62
Supports and Resistances:
Immediate resistance at $186.62.
Supports at $170.45, $151.64, $141.42, and $132.12.
Indicators:
Oscillator, RSI, and Stochastic indicate reversal signals and a possible continuation of the decline.
Disclaimer:
This analysis does not constitute financial advice. Do your own research before investing.
GOOG SELL++++ $161.71 first targetSELL signal printing all SPY and Nasdaq bubble stocks getting hit. .618 is $161.71 first target
Googl breakdown possible184.50 below breakdown possible
need to sustain below ema & trendline for strong fall
expected to test this level 183.70/181.50/178 soon
#googl
GOOGL FakeoutGOOGL had an ascending channel that was broken to the upside recently, but it quickly failed and broke back below the trendline. I see fakeouts like this as very bearish, but I'll need to see some more confirmation first considering how bullish this stock has been.
I expect it to come back to the bottom end of the ascending channel at a minimum. If it breaks below that, we have a longer term trendline below that may provide a bounce as well. Things would get really bad if it broke below that, potentially all the way back to $150 and then we can see what happens from there.
If the uptrend and dip buying continues, I'd waiting to see what happens on a test of ATH.
GOOGLE Top of the Channel makes pull-back likely. Buy the dip.Alphabet Inc. (GOOG) has been trading within a Channel Up since the November 03 2022 market bottom and on our last analysis (April 16, see chart below), it gave us an excellent buy entry, hitting eventually our 175.00 Target:
Right now the price is more than half-way on the new Bullish Leg but has come very close to the Channel's top (Higher Highs trend-line). Based on the June 07 2023 Top and the previous major Bullish Leg, we might get a pull-back towards the 1D MA50 (blue trend-line), before going for the final Higher High.
As as result, we are now willing to buy only after a 1D MA50 contact and Target $210.00, which will represent a +37.60% rise from the recent Higher Low, similar to the Bullish Leg of 2023.
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Regression channel showing upside for Google to $215.51Regression Channel is more for Trend traders and it's looking great.
The price continues to move on the uptrend and as long as it does this, it will continue.
Nature: High Probability
Price>20
Price>200
Target $215.51
Alphabet's Bullish Breakout: A Signal for InvestorsIn a recent surge, Alphabet (NASDAQ) displayed a large green candle breaking past previous resistance, indicating a strong upward momentum. This candle pattern, observed amidst higher trading volumes, suggests a robust buyer interest that could drive further gains in Google stocks. This trend underscores a potentially lucrative phase for investors watching the tech giant.
Alphabet (GOOGL) - Edition #1Macro Outlook: 🚀 Bullish/ Neutral
- Two monthly bullish trend are active. The first one expires on Sep and the second one expires June, 2025.
- First and second target is at around $205 and $270.
- Ideal long entries should be at around $160 - $140.
- Trade invalidation upon a break below $125.
Alphabet Inc (GOOGL) could be a very good short candidate now.Technical Analysis of Alphabet Inc. Class A (ticker at Nasdaq: GOOGL)
Now and then, yes, you can be tempted to believe that things can grow into the sky, but when it comes to shares (perhaps especially when it comes to shares) they very rarely do, or rather they never do.
So what now about Google, or Alphabet Inc. as they are now called (ticker on Nasdaq: GOOGL), yes this stock might grow into the sky now?
Hardly, in that case it will be the first time in history that a share grows into the sky, and every upward trend sooner or later ends, whether we are talking about short-term or long-term upward trends, they all have an end.
Now the end may have come for this time and for this upward trend as far as Google, or Alphabet A (ticker on Nasdaq: GOOGL) is concerned.
The share is now all the way up to the resistance level at the upper trend line in an uptrend, and has tested this resistance several times recently, without managing to break above it.
As we know, there are always new corrections and new tests of support levels, and for example down towards the very important 200 day moving average.
Another such correction down to test the 200-day moving average support and lower trendline in the uptrend now seems likely based on technical analysis of Alphabet Inc (GOOGL).
History has a tendency, as we know, to repeat itself, and we do not have to go back further than a couple of years (cf. chart) and we see that even the Alphabet share does not grow forever and ever and into the sky.
There are occasional corrections there too, believe it or not, but even one of the world's largest companies does not grow straight into the sky.
The overall technical picture for Alphabet Inc. (ticker on Nasdaq: GOOGL) indicates that we can now face a correction down towards around USD 155.00 - 160.00 within the next 1-3 months.
In any case, nobody should be very surprised if that were to happen, and based on what the technical picture for GOOGL now signals about the further development of the stock in the short term.
GOOGL can thus be a good short candidate at the current price level, and with a price target for a short position in GOOGL around USD 160.00.
The share price for GOOGL is at the time of writing here at USD 190.26.
GOOG Stock Sets Historic RecordGOOG Stock Sets Historic Record
As the chart shows, the GOOG stock price yesterday surpassed the June 27th high and set a historic record at $185.88.
What contributed to this?
→ Overall bullish sentiment in the US stock market. Incidentally, the S&P 500 index (US SPX 500 mini on FXOpen) also set a historic record yesterday;
→ Positive market expectations ahead of the second-quarter earnings report from Alphabet (Google's parent company);
→ Benzinga reports positive prospects, particularly highlighting the development of YouTube and language models.
Out of 38 analysts surveyed by TipRanks, 32 recommend buying Google stock. The average price forecast is $199 in 12 months.
But why then is Alphabet CEO Sundar Pichai selling over $4 million worth of company shares? According to the Form 4 filed with the SEC, Sundar sold a total of 22,500 shares.
Today's technical analysis of the GOOG chart shows that:
→ The price is moving in an uptrend (shown in blue), which began in 2023.
→ The price, with a bullish gap, "burst" into the upper half of the channel, then tested the median (indicated by an arrow) and entered a steeper uptrend, shown by the green lines.
If the bullish trend continues, the price may find resistance at the upper boundary of the blue channel on its way to the psychological level of $200.
Current sentiments could be influenced by the second-quarter earnings report (scheduled for release on June 23rd). If the report is disappointing, the GOOG price may fall to the median – which could provide another clue as to why the company's head sold shares.
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Alphabet - It is just a textbook company!NASDAQ:GOOGL has been one of the best performing stocks over the previous decade.
The most profitable stocks are the ones which trade under the radar. And Alphabet (Google) is definitely one of these stocks which is simply trending higher, providing textbook trading opportunities and not a "hype" stock. Slow and steady wins the race, but you have to be careful that you don't miss your chances. After a retest of the breakout level, you can enter a long trade.
Levels to watch: $150
Keep your long term vision,
Philip - BasicTrading
Elliott Wave Looking for Alphabet (GOOGL) to Extend impulse RallShort Term Elliott Wave in GOOGL suggests the bullish impulse sequence in progress & expect to remain supported in 3, 7 or 11 swings in pullback to resume rally within the sequence from October-2022 low. It favors upside in (3) of ((5)) in 4-hour sequence against 173.63 low from 6.14.2024 low & expect one more push higher in 5, while proposed ended 4 at 181.30 low. Within (3) sequence, it should break above 186.78 high to confirm the upside to be 5 to finish (3) of ((5)). In 4-hour, it ended (1) at 180.41 high & (2) at 173.63 low in the sequence started from 5.01.2024 low.
Up from (2) low, it placed 1 of (3) at 178.36 high & 2 pullback at 174.10 low as dip pullback. Above there, it ended 3 at 186.78 high as extended move & proposed ended 4 at 181.30 low as 3 swing correction. Within 3, it placed ((i)) at 177.29 high, ((ii)) at 174.99 low, ((iii)) at 184.80 high, ((iv)) at 182.25 low & finally ended ((v)) at 186.78 high as 3 of (3). Short term, as long as it stays above 181.30 low, it should resume higher in 5 towards 188.08 – 190.19 area, which confirms above 186.78 high. Alternatively, if it breaks below 181.30 low, it can do double correction in (4) and should correct against 6.14.2024 low before resume rally as (5) of ((5)). In
GOOG I would NOT own going forward We are going to see a major swift and TECH in my work will RHYME with WRECK TRUMP DOJ will move to see a breakup of Big tech in the first 90 days Twitter files was just the start !!!
Googl Swing Tomorrow 7/1/2024Google (GOOGL) on a 15-minute timeframe, let's analyze the technical indicators and patterns to forecast potential price movements and swing trading opportunities for tomorrow.
Key Observations:
Volume Profile:
VAH (Value Area High): Around 186.61
POC (Point of Control): Around 182.59
VAL (Value Area Low): Around 181.96
Support and Resistance Levels:
Support Levels: 181.96 (VAL) and 182.59 (POC)
Resistance Levels: 182.81, 186.61 (VAH), and 186.62 (previous high)
Trendlines:
A descending trendline indicates a short-term bearish trend.
MACD Indicator:
The MACD is below the signal line, indicating a bearish momentum. However, there might be a potential crossover, suggesting a possible reversal or a bullish divergence.
Analysis and Trading Strategy:
Bearish Scenario:
If the price continues to trade below the POC (182.59) and fails to break above the descending trendline, we might see further downside movement.
Entry: Consider shorting if the price falls below 181.96 (VAL).
Target: The next support level around 180.00, or based on a significant bearish momentum.
Stop-Loss: Place a stop-loss above the POC (182.59) or the descending trendline to protect against a sudden reversal.
Bullish Scenario:
If the price breaks above the descending trendline and sustains above the POC (182.59), it may indicate a potential reversal.
Entry: Consider buying if the price moves above 182.59 and confirms the breakout with volume.
Target: The first target would be around 186.61 (VAH) and then 186.62 (previous high).
Stop-Loss: Place a stop-loss below the POC (182.59) or the descending trendline to manage risk in case of a false breakout.
Range-Bound Scenario:
If the price remains between the support (181.96) and resistance (186.61) levels without a clear breakout, it might continue to trade in a range.
Entry: Consider buying near the support (181.96) and selling near the resistance (186.61).
Target: The opposite boundary of the range (186.61 for buying and 181.96 for selling).
Stop-Loss: Place a tight stop-loss just below the support or above the resistance to protect against a breakout.
Summary:
Key Levels to Watch: 181.96 (Support), 182.59 (POC), 186.61 (Resistance)
Trading Plan:
Short below 181.96 with targets around 180.00.
Long above 182.59 with targets around 186.61 and 186.62.
Range-bound trading between 181.96 and 186.61.
Ensure to monitor the price action closely, especially around the key levels, and adjust your strategy based on real-time market conditions.
