Alphabet Inc (GOOGL) Underperforms All mega cap US stocks, Down 1.27%; Price Base in Formation Over Past 14 Days

Alphabet Inc Daily Price Recap

Alphabet Inc’s 4 day positive streak has officially concluded, as the candle from the day prior closed down 1.27% ($18.42). As for how volume fared, yesterday’s volume was up 13.55% from the previous day (Wednesday), and up 3.37% from Thursday of the week before. Below is a daily price chart of Alphabet Inc.

Alphabet Inc Technical Analysis

Coming into today the current price of Alphabet Inc is sitting close to its 20 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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

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

    $RNWK I was curious as to how big this Axis partnership was so I looked it up. Big time international move. RealNetworks already pulled in $160M+ in revenue the last year is building some strong alliances. Already collaborating with $GOOGL, $NFLX, $NVDA, and more. They just keep building their arsenal.

    Axis enables a smarter and safer world by creating network solutions that provide insights for improving security and new ways of doing business. As the industry leader in network video, Axis offers products and services for video surveillance and analytics, access control, and audio systems. Axis has more than 3,000 dedicated employees in over 50 countries and collaborates with partners worldwide to deliver customer solutions. Axis was founded in 1984 and has its headquarters in Lund, Sweden.