ALPHABET INC. CLASS C - Daily - Technical analysis published on 11/03/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 89.34 USD
My targets
84.02 USD (-3.50%)
76.33 USD (-12.33%)
My analysis
The bearish trend is currently very strong for ALPHABET INC. CLASS C. As long as the price remains below the resistance at 89.34 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 84.02 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 76.33 USD as an objective. Crossing it would then enable sellers to target 63.74 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.5
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Additional analysis
Quotes
The ALPHABET INC. CLASS C price is 87.07 USD. The price registered a decrease of -3.79% on the session and was between 87.01 USD and 91.30 USD. This implies that the price is at +0.07% from its lowest and at -4.63% from its highest.87.01
91.30
87.07
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of ALPHABET INC. CLASS C in Daily shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Support of channel is broken
Type : Bearish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Three black crows
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 52.72 | 63.74 | 76.33 | 87.07 | 96.15 | 105.80 | 117.63 |
| Change (%) | -39.45% | -26.79% | -12.33% | - | +10.43% | +21.51% | +35.10% |
| Change | -34.35 | -23.33 | -10.74 | - | +9.08 | +18.73 | +30.56 |
| Level | Major | Intermediate | Intermediate | - | Major | Intermediate | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 81.33 | 84.17 | 85.62 | 88.46 | 89.91 | 92.75 | 94.20 |
| Camarilla | 85.89 | 86.28 | 86.68 | 87.07 | 87.46 | 87.86 | 88.25 |
| Woodie | 80.64 | 83.82 | 84.93 | 88.11 | 89.22 | 92.40 | 93.51 |
| Fibonacci | 84.17 | 85.81 | 86.82 | 88.46 | 90.10 | 91.11 | 92.75 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 77.42 | 84.66 | 90.62 | 97.86 | 103.82 | 111.06 | 117.02 |
| Camarilla | 92.95 | 94.16 | 95.37 | 96.58 | 97.79 | 99.00 | 100.21 |
| Woodie | 76.78 | 84.34 | 89.98 | 97.54 | 103.18 | 110.74 | 116.38 |
| Fibonacci | 84.66 | 89.70 | 92.82 | 97.86 | 102.90 | 106.02 | 111.06 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 76.14 | 84.02 | 89.34 | 97.22 | 102.54 | 110.42 | 115.74 |
| Camarilla | 91.03 | 92.24 | 93.45 | 94.66 | 95.87 | 97.08 | 98.29 |
| Woodie | 74.86 | 83.38 | 88.06 | 96.58 | 101.26 | 109.78 | 114.46 |
| Fibonacci | 84.02 | 89.06 | 92.18 | 97.22 | 102.26 | 105.38 | 110.42 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 31.82 | |
| MACD (12,26,9): | -2.9700 | |
| Directional Movement: | -25.69 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 93.68 | |
| Parabolic SAR (0,02-0,02-0,2): | 102.79 | |
| Elder Ray (13): | -6.57 | |
| Super Trend (3,10): | 100.90 | |
| Zig ZAG (10): | 87.07 | |
| VORTEX (21): | 0.8100 | |
| Stochastique (14,3,5): | 7.24 | |
| TEMA (21): | 92.87 | |
| Williams %R (14): | -99.67 | |
| Chande Momentum Oscillator (20): | -13.71 | |
| Repulse (5,40,3): | -11.1500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2700 | |
| Courbe Coppock: | 10.78 |
| MA7: | 94.45 | |
| MA20: | 98.12 | |
| MA50: | 102.51 | |
| MA100: | 108.58 | |
| MAexp7: | 93.34 | |
| MAexp20: | 97.30 | |
| MAexp50: | 102.07 | |
| MAexp100: | 107.85 | |
| Price / MA7: | -7.81% | |
| Price / MA20: | -11.26% | |
| Price / MA50: | -15.06% | |
| Price / MA100: | -19.81% | |
| Price / MAexp7: | -6.72% | |
| Price / MAexp20: | -10.51% | |
| Price / MAexp50: | -14.70% | |
| Price / MAexp100: | -19.27% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
Don't forget to follow the news on ALPHABET INC. CLASS C. At the time of publication of this analysis, the latest news was as follows:
- Kaskela Law LLC Announces Shareholder Class Action Lawsuit Filed Against Alphabet, Inc. - GOOG GOOGL
- INVESTOR ALERT: Kaskela Law LLC Announces Class Action Lawsuit Against Alphabet, Inc. and Encourages Investors to Contact the Firm - GOOG
- Investor Network: Alphabet Inc. Class A to Host Earnings Call
This member declared not having a position on this financial instrument or a related financial instrument.
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