Google (GOOGL) Price Near $1,529.67; in an Uptrend Over Past 14 Days, Eyes 50 Day Average

The Hourly View for GOOGL

Last Updated October 20, 2020, 10:17 GMT

Currently, GOOGL’s price is down $-2.16 (-0.14%) from the hour prior. GOOGL has seen its price go down 5 out of the past 5 hours, thus creating some compelling opportunities for bears. Regarding the trend, note that the strongest trend exists on the 50 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

The choppiness in the recent daily price action of Alphabet Inc continues; to start today, it came in at a price of 1529.95 US dollars, down 2.41% ($37.75) since yesterday. The change in price came along side change in volume that was down 14.09% from previous day, but up 13.03% from the Monday of last week. Below is a daily price chart of Alphabet Inc.

GOOGL

Alphabet Inc Technical Analysis

Notably, Alphabet Inc is now close to its 50 and 100 day moving averages, which may act as price barrier for the asset. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 30 days Alphabet Inc’s price has gone up 15 them.

Overheard Around the Web

Over on StockTwits, here’s an example of what they’re saying about GOOGL:

    $GOOGL even though today was a pretty red day, doesn't change much from what we talked about on the live stream here. Pulled back and found support at the 50 day SMA, still moving sideways after the recent rally. Here's a timestamped clip of it: https://www.youtube.com/watch?v=rDarpbkh7bg&t=1250s

    StockTricksWithNick