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Predicting Google Stock for longtermMy prediction for Google Stock in the long term (based on the weekly chart) is as follows: Google Stock is currently trading above the $125 support level. However, if it successfully breaks through the neckline, it may reach the $170 price level, resulting in a 40% gain. Conversely, if it fails to hold above the support level around $125, it could drop to the next support level at $101, resulting in a loss of 20% to 30%. I have identified the best entry point as whenever the price enters the white shaded corridor. It's important to note that this is not financial advice to buy, hold, or sell. This is merely my personal prediction for my own use, and I am sharing it with the community for educational purposes only. Thank you
NASDAQ:GOOGLong
by cryptorstm
GOOGL relative strength and key concepts. NASDAQ:GOOGL has been showing impressive relative strength on a weak tape. Still just watching here. #nasdaq being oversold and ready for a dead cat bounce doesn't mean risk is low. We dont want the lower price, we want the best price More on NASDAQ:GOOGL as it's a fascinating example of key concepts like relative strength, high volume up vs low volume down, pocket pivots, VCPs, bounce on support, shakeout of weak hands, early turn, etc. All pointed on chart.
NASDAQ:GOOGL
by vmreyesa
Alphabet's Stellar Performance Steals the Spotlight...Investor Enthusiasm Ignites as Alphabet's Stellar Performance Steals the Spotlight Alphabet, the technological powerhouse, has ignited a blaze of excitement among investors with its latest financial report, revealing a striking showcase of accomplishments. With an impressive revenue tally of $74.6 billion and a robust $1.44 in diluted earnings per share, Alphabet has confidently outpaced Wall Street's predictions, sending its stock soaring in the aftermath of this announcement. This surge in positive momentum isn't an isolated event but rather a continuation of a larger trend. Throughout the initial seven months of 2023, Alphabet's shares have outshone the Nasdaq Composite Index by an astonishing 50%, positioning the company as a beacon of success in the tech arena. Amidst these resounding triumphs and bolstered by its trillion-dollar valuation, the pertinent query arises: Is this an opportune juncture to delve into an investment with this tech titan? In the early reaches of 2022, as the Federal Reserve embarked on an assertive campaign of interest rate hikes to combat the burgeoning inflation threat, economists sounded the alarm for an impending recession. This climate of economic uncertainty prompted cautious corporate strategies, leading to curtailed marketing expenditures. The prevailing concern was that dwindling consumer demand might prompt individuals to prioritize essential essentials over discretionary splurges, rendering amplified advertising endeavors seemingly redundant. In alignment with these cautious corporate maneuvers, Alphabet faced a dip in advertising revenue during the fourth quarter of 2022, with a slight residual dip spilling into the first quarter. However, the most recent quarter's records unveiled a promising uptick of 3% year-over-year in digital ad revenue. This resurgence paints a picture of Alphabet's prime driver – advertising – gaining momentum and veering towards a path of more normalized growth trajectories. As economic pundits recalibrate their forecasts, lessening the odds of a 2023 recession, the burgeoning trend of escalating ad expenditures could potentially sustain its course across forthcoming quarters. Bearing in mind that ad revenue contributes a substantial 78% to Alphabet's overall company-wide earnings in Q2, this favorable development could undoubtedly bode well for the conglomerate's financial performance. While Alphabet's advertising revenue strides modestly within single-digit percentages, a radiant star on its horizon is the Google Cloud Platform (GCP). This segment, responsible for a gamut of cloud services spanning computation, data storage, and AI tools, achieved a resplendent $8 billion in sales during the latest quarter – a robust surge of 28% in contrast to Q2 2022. This progression maintains a consistent rhythm from the preceding quarter. A noteworthy watershed for stakeholders emerges in the form of GCP's burgeoning financial prowess. For the first time in its history, this segment garnered positive operating income within the initial quarter of the current year. Furthermore, the operating margin extended its boundaries to 5% during this latest three-month phase. Should GCP persevere along this trajectory and ultimately reach the commendable 28% operating margin precedent set by Amazon Web Services in 2022, Alphabet's holistic profitability stands poised for substantial amplification across forthcoming years. With global cloud market forecasts predicting a staggering $2.4 trillion opportunity by 2030, GCP stands at a vantage point to steadfastly wield its leadership in this burgeoning industry. Presently positioned third in market ranking according to Statista, GCP finds itself ideally positioned to continually invest in fortifying its service portfolio for both present and future clientele, armed with a wealth of financial resources and access to top-tier technological talent at Alphabet's disposal. Despite a meteoric ascent in the annals of 2023, Alphabet's stock remains alluringly valued. Currently, shares are traded at a trailing price-to-earnings (P/E) ratio of 28, situated beneath the 10-year average P/E multiple of 30.6. Amplifying this appeal, with a projected increase in net income, the forward P/E ratio emerges even more enticing at 23.9. These valuation metrics inherently furnish compelling rationales for contemplative investment in this reigning corporate giant. Augmenting its charm, Alphabet showcases a robust financial stance as of June 30, boasting an impressive $118 billion in a confluence of cash, cash equivalents, and marketable securities, all resting snugly within its balance sheet. Moreover, its long-term debt strikes a modest chord at $14 billion. The company's consistent generation of substantial free cash flow further solidifies its stance as a stalwart stock suitable for the discerning investor to embrace and maintain in their portfolio. Amidst a landscape characterized by its tantalizing valuation, robust financial posture, and an unwavering stream of cash flow, Alphabet emerges as an enticing prospect for those seeking a stable and propitious addition to their investment repertoire.
NASDAQ:GOOGLong
by FOREXN1
14
Alphabet long Erning weeks 52 Weeks High hitNew 52-week highs this week, powered by the Dow which, on Friday, extended its streak of positive days to ten — something the blue chip index has not done in almost six years. Trend setup Weekly bullish 52w high hit Daily Bullish 4H Bllish I have explained 2 scenarios to enter the bullish trend also on lower tf compatble A break below88 is bearish, and the end of bllish trend. A break above 220 will catapult the up trend much more stronger. In this case we can decie to take partial profits or we we ride the trend. My decision:I ride the trend,if this happens. Why should I give more possible profits, and limit them? Instead I focus on limiting the risk,but upside unlimited chances.
CAPITALCOM:GOOGLong
by DaveBrascoFX
1
Alphabet Rallied. Now It’s Pulled BackAlphabet jumped to a new 52-week high on strong results last week. Now it may be giving trend followers a potential opportunity. The first pattern on today’s chart is the bullish gap on July 26 after revenue beat estimates and its Cloud business surprised to the upside. GOOGL has retraced half that move, which could attract dip buyers. The current level is additionally near the peaks of June and early July. Will old resistance become new support? Third, the 8-day exponential moving average (EMA) recently crossed above the 21-day EMA. MACD has also started rising. Those patterns could reflect a bullish short-term trend. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NASDAQ:GOOGL
by TradeStation