Google (GOOGL) Closes Last Hour Down $-10.02; Doji and Pin Bar Patterns Appearing on Chart, Heads Down For the 2nd Day In A Row, in an Uptrend Over Past 90 Days

The Hourly View for GOOGL

Last Updated January 18, 2021, 02:022 GMT

Currently, Google’s price is up $5.65 (0.33%) from the hour prior. This is the 2nd hour in a row Google has seen its price head down. If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 hour timeframes. 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 0.19% ($3.3) since the previous day, marking the 2nd day in a row it has gone down. The change in price came along side change in volume that was up 5.23% from previous day, but down 34.02% from the Sunday of last week. The daily price chart of Alphabet Inc below illustrates.

GOOGL

Alphabet Inc Technical Analysis

Coming into today the current price of Alphabet Inc is sitting close to its 20 and 50 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. Interestingly, a trend in the other direction exists on the 30 day timeframe, where price is headed down. So if you expect the primary trend to resume, the counter trend may be providing an opportunity to buy dips. Or to view things another way, note that out of the past 30 days Alphabet Inc’s price has gone down 18 them. And for candlestick traders, a special treat: there are doji and pin bar patterns showing up on the charts as well. Rejoice!

Overheard Around the Web

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

    $GOOGL $FB $AMZN $TWTR $APPL $BTC.X #Blockchain

    Dfinity Review: Could ICP Rally? What You NEED To Know!!

    this could be the end of Google!
    “Dfinity” is a company who’s been working with the blockchain technology, to create an infinite number of internet’s.
    It’s called “the computer of internet’s” and just like Crypto currency it will be decentralized,and big tech monopoly’s will be a thing of the past. https://www.coinbureau.com/review/dfinity-icp/

    Scarredtradernocry