Alphabet Inc (GOOGL) Up 0.59%, Crosses 20 Day Moving Average; Price Base in Formation Over Past 14 Days

Alphabet Inc 4 Hour Price Update

Updated June 26, 2020 04:33 PM GMT (12:33 PM EST)

GOOGL’s price is down $-44.28 (-3.07%) over the past four hours of trading. For context, Alphabet Inc’s peers in the in the Business Services industry are down -0.8% on average in this time, while its counterparts in the broader Technology sector are down by an average of -0.76%.

Alphabet Inc Daily Price Recap

Alphabet Inc entered today at $1441.1, up 0.59% ($8.4) from the day prior. This move happened on lower volume, as yesterday’s volume was down 24.14% from the day before — and down 22.01% from the same day the week before. The daily price chart of Alphabet Inc below illustrates.

Alphabet Inc Technical Analysis

First things first: Alphabet Inc crossed above its 20 day moving average yesterday. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. Price action traders in particular will want to note that the 14 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. For additional context, note that price has gone up 10 out of the past 14 days.

Overheard Around the Web

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

    $GOOG Youtube begins testing a new feature on mobile that will allow users to record 15-second long multi-segment videos. That’s the same length as the default on TikTok as well as $FB Instagram’s new TikTok clone, Reels. Users in the new YouTube experiment will see an option to “create a video” in the mobile upload flow.

    Similar to TikTok, the user can then tap and hold the record button to record their clip. They can then tap again or release the button to stop recording. This process is repeated until they’ve created 15 seconds worth of video footage. YouTube will combine the clips and upload it as one single video when the recording completes. In other words, just like TikTok.

    $GOOGL YouTube says its new video test is running with a small group of creators across both iOS and Android.

    Ro_Patel