Alphabet - STOCK RECOMMENDATION
Idea | BUY |
Buy Range | 152 – 155 |
Target | 162 – 165 |
StopLoss* | below 147 |
Duration | 14-15 Trading Days |
Potential Returns | 5% – 6% |
Idea | Buy Range | Target | StopLoss* | Duration | Potential Returns |
BUY | 152 – 155 | 162 – 165 | below 147 | 14-15 Trading Days | 5% – 6% |
* Once the first target hit, reset the StopLoss at your buying price.
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Alphabet - STOCK OVERVIEW
Alphabet encompasses a diverse range of enterprises, such as Google, Verily Life Sciences, GV, Calico, Intrinsic, Isomorphic Labs, Mineral, Waymo, Wing, and X Development. As the world’s third-largest technology corporation in terms of revenue, Alphabet stands as a prominent American multinational conglomerate, with its headquarters situated in Mountain View, California.
Stock Data | |
TADAWUL Code | GOOGL |
Sectoral Index | Technology |
52 Weeks High | 153.78 |
52 Weeks Low | 99.78 |
Alphabet - RELATIVE STRENGTH
Relative Performance - Last 1 Year
Alphabet โ NASDAQ โ
Alphabet - TECHNICAL ANALYSIS (DAILY)
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Price is in an Uptrend and consistently making Higher Highs and Lows.
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After making high at around 154 level, price made a correction and fell at 131 level.
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From there, a sharp comeback by the price has been seen.
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A Rounding Bottom pattern has been formed in this period.
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With a strong bullish marubozu candle, price break through the resistance level.
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We can expect a further upmove if the price manages to sustain the current level.
Alphabet - ADX & DI INDICATOR
Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.
Alphabet - MACD INDICATOR
MACD line has crossed the signal line from the below, generates bullish signal.
Alphabet - RSI INDICATOR
Current RSI of this stock is 70.94, which indicates the strength of buyers.
CONCLUSION - Alphabet STOCK PRICE FORECAST
Based on our swing trading advisory in USA, Alphabetย stock price target will be USD 162 – USD 165 in the next 14-15 trading sessions.