Alphabet Inc (GOOGL) 5 Day Up Streak Snapped, in an Uptrend Over Past 14 Days; Pin Bar Pattern Appearing on Chart

The Hourly View for GOOGL

Last Updated February 19, 2021, 12:53 GMT

At the time of this writing, GOOGL’s price is down $-18.8 (-0.89%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Alphabet Inc Daily Price Recap

Alphabet Inc is down 0.6% ($12.81) since the previous day, marking a reversal from the day prior — and the end of a 5 day positive run. The change in price came along side change in volume that was up 11.17% from previous day, but down 19.76% from the Thursday of last week. The daily price chart of Alphabet Inc below illustrates.

GOOGL

Alphabet Inc Technical Analysis

The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For another vantage point, consider that Alphabet Inc’s price has gone up 19 of the previous 30 trading days. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.

Overheard Around the Web

Here’s what one trader on StockTwits recently had to say in regards to GOOGL:

    $GOOGL .’’On January 31 & February 1 CHECK MY TIME LINE on ST I posted this SAME message about INKW & how it was being shorted 60% daily ( I gave the link ) and that they were selling out and had demands and were going to get deals it was a no brainers. It was at 0.01 when I started posted on EVERY platform ( ST YT REDDIT IG FB YAHOO etc..) between February 2 & 4 they got Kambucha deal it went to 0.135 that’s 13X and now at 0.07. doesn’t matter if its 10$ to 130$ or 0.01 to 0.13 13x is 13x. GTEH is the SAME THING. COPY PASTE MESSAGE BELLOW :
    GTEH IS Shorted 56% otcshortreport.com/company/… they are selling out ITEMS and will get deals get in now cheap. Hedge funds work together if you watch the hearing today.now/ lets work together also.100$ can be 1300$ you don’t have to break the bank but break the hedge fund bank. Buy hold SPREAD THE WORD COPY PASTE ON ALL PLATFORM EVERYDAY EVERY 5 MIN NOT TO GET MUTE ON ALL BOARDS DIFFERENTS STOCKS.

    mrBrucebanner