NASDAQ trade advice (A): US Technology stock | 5-6% gain | USA stock trading picks on 2 Apr 2024

Date
April 2, 2024
Analysed By
Naranj Capital Research Desk
Stock Market
NASDAQ, United States of America

Trading Advice in US Stocks

  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Alphabet
  • 152 – 155
  • 162 – 165
  • Below 147
  • 5% – 6%
  • 14 - 15 Days
  • Buy
    Alphabet
  • Buy
    Range
    152 – 155
  • Target
    162 – 165
  • Stoploss
    Below 147
  • Upside
    Potential
    5% – 6%
  • Trade
    Duration
    14 - 15 Days
  • * Once the first target hit, reset the StopLoss at your buying price.

    Alphabet (NASDAQ: GOOGL) - Stock Overview

  • NASDAQ Code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • GOOGL
  • Alphabet
  • Technology
  • 153.78
  • 99.78
  • NASDAQ Code GOOGL
  • Stock Name Alphabet
  • Sector Technology
  • 52 Weeks High 153.78
  • 52 Weeks Low 99.78
  • Alphabet (NASDAQ: GOOGL) vs Nasdaq Composite Index - Relative Strength Comparison

    The image highlights Alphabet's performance over the last year versus Nasdaq Composite Index.
    Relative Performance - Last 1 Year
    GOOGL —   Nasdaq Composite Index —

  • Alphabet (NASDAQ: GOOGL) - Technical Analysis (Daily)

    Alphabet - Technical Analysis chart on Daily Price and Volume
    Alphabet - Technical Analysis chart on Daily Price and Volume

    • Price is in an Uptrend and consistently making Higher Highs and Lows.
    • After making high at around 154 level, price made a correction and fell at 131 level.
    • From there, a sharp comeback by the price has been seen.
    • A Rounding Bottom pattern has been formed in this period.
    • With a strong bullish marubozu candle, price break through the resistance level.
    • We can expect a further upmove if the price manages to sustain the current level.
  • Alphabet (NASDAQ: GOOGL) - RSI Indicator

    Alphabet stock analysis based on RSI Indicator
    Alphabet - RSI Indicator

    • Current RSI of this stock is 70.94, which indicates the strength of buyers.

  • Alphabet (NASDAQ: GOOGL) - MACD Indicator

    Alphabet stock analysis based on MACD Indicator
    Alphabet - MACD Indicator

    • MACD line has crossed the signal line from the below, generates bullish signal.

  • Alphabet (NASDAQ: GOOGL) - ADX & DI Indicator

    Alphabet stock analysis based on ADX & DI Indicator
    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.

  • Conclusion - Alphabet (NASDAQ: GOOGL) Stock Price Forecast

    Based on our US stock market signals, Alphabet stock price target will be USD 162 - USD 165 in the next 14-15 trading sessions.

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    Target hit. Trade closed.

    NASDAQ GOOGL

    2 Apr 2024
    26 Apr 2024
    26 Apr 2024
    17 days
    Loss per
    100,000 SAR
    Stop-loss
    147
    Buy Advice
    2 Apr 2024
    152 – 155
    Target 1
    26 Apr 2024
    162
    Target 2
    26 Apr 2024
    165
    Profit per
    100,000 SAR
    17 days
    14,474
    147
    152 – 155
    162
    165
    14,474
    2 Apr 2024
    26 Apr 2024
    26 Apr 2024
    17 days
    Loss per
    100,000 SAR
    Stop-loss
    147
    Buy Advice
    2 Apr 2024
    152 – 155
    Target 1
    26 Apr 2024
    162
    Target 2
    26 Apr 2024
    165
    Profit per
    100,000 SAR
    17 days
    14,474
    147
    152 – 155
    162
    165
    14,474
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Alphabet
  • 152 – 155
  • 162 – 165
  • Below 147
  • 5% – 6%
  • 14 - 15 Days
  • Buy Alphabet
  • Buy
    Range
    152 – 155
  • Target 162 – 165
  • Stoploss Below 147
  • Upside
    Potential
    5% – 6%
  • Trade
    Duration
    14 - 15 Days
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Alphabet
  • 152 – 155
  • 162 – 165
  • Below 147
  • 5% – 6%
  • 14 - 15 Days
  • Buy
    Alphabet
  • Buy
    Range
    152 – 155
  • Target
    162 – 165
  • Stoploss
    Below 147
  • Upside
    Potential
    5% – 6%
  • Trade
    Duration
    14 - 15 Days
  • * Once the first target hit, reset the StopLoss at your buying price.
    * Trade durations are approximate; actual holding period may vary.

    Alphabet (NASDAQ: GOOGL) - Stock Overview

  • NASDAQ Code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • GOOGL
  • Alphabet
  • Technology
  • 153.78
  • 99.78
  • NASDAQ Code GOOGL
  • Stock Name Alphabet
  • Sector Technology
  • 52 Weeks High 153.78
  • 52 Weeks Low 99.78
  • Company profile

    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.

  • Alphabet (NASDAQ: GOOGL) vs Nasdaq Composite Index - Relative Strength Comparison

    The image highlights Alphabet's performance over the last year versus Nasdaq Composite Index.
    Relative Performance - Last 1 Year
    GOOGL —   Nasdaq Composite Index —

  • Alphabet (NASDAQ: GOOGL) - Technical Analysis (Daily)

    Alphabet - Technical Analysis chart on Daily Price and Volume
    Alphabet - Technical Analysis chart on Daily Price and Volume

    • Price is in an Uptrend and consistently making Higher Highs and Lows.
    • After making high at around 154 level, price made a correction and fell at 131 level.
    • From there, a sharp comeback by the price has been seen.
    • A Rounding Bottom pattern has been formed in this period.
    • With a strong bullish marubozu candle, price break through the resistance level.
    • We can expect a further upmove if the price manages to sustain the current level.
  • Alphabet (NASDAQ: GOOGL) - RSI Indicator

    Alphabet stock analysis based on RSI Indicator
    Alphabet - RSI Indicator

    • Current RSI of this stock is 70.94, which indicates the strength of buyers.

  • Alphabet (NASDAQ: GOOGL) - MACD Indicator

    Alphabet stock analysis based on MACD Indicator
    Alphabet - MACD Indicator

    • MACD line has crossed the signal line from the below, generates bullish signal.

  • Alphabet (NASDAQ: GOOGL) - ADX & DI Indicator

    Alphabet stock analysis based on ADX & DI Indicator
    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.

  • Conclusion - Alphabet (NASDAQ: GOOGL) Stock Price Forecast

    Based on our US stock market signals, Alphabet stock price target will be USD 162 - USD 165 in the next 14-15 trading sessions.

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    Details of Arijit Banerjee

    Arijit Banerjee CMT CFTe is a seasoned expert in the financial industry, boasting decades of experience in trading, investment, and wealth management. As the founder and chief strategist of Naranj Capital, he’s built a reputation for providing insightful research analysis to guide investment decisions.

    Arijit’s credentials are impressive, holding both the Chartered Market Technician (CMT) and Certified Financial Technician (CFTe) designations. These certifications demonstrate his expertise in technical analysis and financial markets.

    Through Naranj Capital, Arijit shares his market insights and research analysis, offering actionable advice for investors. His work is featured on platforms like TradingView, where he publishes detailed analysis and recommendations.

    If you’re interested in learning more about Arijit’s work or Naranj Capital’s services, you can reach out to them directly through their website