ALPHABET INC. CLASS A - 1H - Technical analysis published on 08/11/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
78%
0%
22%
My opinion
Bullish above 159.23 USD
My targets
171.76 USD (+4.94%)
177.67 USD (+8.55%)
My analysis
The strong short-term increase in ALPHABET INC. CLASS A calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 159.23 USD, you could consider taking advantage of the short-term movement. The first bullish objective is located at 171.76 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 177.67 USD as an objective. Crossing it would then enable buyers to target 183.65 USD. Caution, a return under 159.23 USD could jeopardize the reversal.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
2.9
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Additional analysis
Quotes
ALPHABET INC. CLASS A rating 163.67 USD. On the day, this instrument gained +1.01% and was traded between 159.06 USD and 163.79 USD over the period. The price is currently at +2.90% from its lowest and -0.07% from its highest.159.06
163.79
163.67
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ALPHABET INC. CLASS A:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of ALPHABET INC. CLASS A in 1H shows an overall slightly bearish trend. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 149.67 | 154.93 | 159.23 | 163.67 | 163.88 | 171.76 | 177.67 |
| Change (%) | -8.55% | -5.34% | -2.71% | - | +0.13% | +4.94% | +8.55% |
| Change | -14.00 | -8.74 | -4.44 | - | +0.21 | +8.09 | +14.00 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | Major | 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 | 155.83 | 157.44 | 160.56 | 162.17 | 165.29 | 166.90 | 170.02 |
| Camarilla | 162.37 | 162.80 | 163.24 | 163.67 | 164.10 | 164.54 | 164.97 |
| Woodie | 156.58 | 157.82 | 161.31 | 162.55 | 166.04 | 167.28 | 170.77 |
| Fibonacci | 157.44 | 159.25 | 160.37 | 162.17 | 163.98 | 165.10 | 166.90 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 148.09 | 151.51 | 157.59 | 161.01 | 167.09 | 170.51 | 176.59 |
| Camarilla | 161.06 | 161.93 | 162.80 | 163.67 | 164.54 | 165.41 | 166.28 |
| Woodie | 149.42 | 152.18 | 158.92 | 161.68 | 168.42 | 171.18 | 177.92 |
| Fibonacci | 151.51 | 155.14 | 157.38 | 161.01 | 164.64 | 166.88 | 170.51 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 132.13 | 148.09 | 159.82 | 175.78 | 187.51 | 203.47 | 215.20 |
| Camarilla | 163.93 | 166.46 | 169.00 | 171.54 | 174.08 | 176.62 | 179.16 |
| Woodie | 130.01 | 147.03 | 157.70 | 174.72 | 185.39 | 202.41 | 213.08 |
| Fibonacci | 148.09 | 158.67 | 165.21 | 175.78 | 186.36 | 192.90 | 203.47 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 57.96 | |
| MACD (12,26,9): | -0.2000 | |
| Directional Movement: | 5.23 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 160.99 | |
| Parabolic SAR (0,02-0,02-0,2): | 159.06 | |
| Elder Ray (13): | 1.24 | |
| Super Trend (3,10): | 164.23 | |
| Zig ZAG (10): | 163.67 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 70.65 | |
| TEMA (21): | 161.93 | |
| Williams %R (14): | -2.54 | |
| Chande Momentum Oscillator (20): | 1.01 | |
| Repulse (5,40,3): | 2.2700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 1.23 |
| MA7: | 162.80 | |
| MA20: | 171.41 | |
| MA50: | 176.67 | |
| MA100: | 169.19 | |
| MAexp7: | 161.71 | |
| MAexp20: | 161.48 | |
| MAexp50: | 163.36 | |
| MAexp100: | 167.31 | |
| Price / MA7: | +0.53% | |
| Price / MA20: | -4.52% | |
| Price / MA50: | -7.36% | |
| Price / MA100: | -3.26% | |
| Price / MAexp7: | +1.21% | |
| Price / MAexp20: | +1.36% | |
| Price / MAexp50: | +0.19% | |
| Price / MAexp100: | -2.18% |
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 A. At the time of publication of this analysis, the latest news was as follows:
- BingX Enhances Fiat Trading with Apple Pay and Google Pay Integration
-
'BIG VICTORY': Iowa AG reacts to federal judge ruling Google search is an 'illegal monopoly'
-
Court rules Google used monopoly power illegally | DW News
-
U.S. court verdict delivers big blow to Google in antitrust case
-
Google loses landmark antitrust DOJ case, is ruled a monopoly #shorts
This member declared not having a position on this financial instrument or a related financial instrument.
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