Alphabet Inc (GOOGL) Up 0.98%; in an Uptrend Over Past 90 Days

Alphabet Inc Daily Price Recap

Alphabet Inc came into today up 0.98% ($14.86) from the open of the previous day, marking the 2nd day in a row it has gone up. The price move occurred on stronger volume; specifically, yesterday’s volume was up 44.69% from the day prior, and up 18.56% from the same day the week before. Below is a daily price chart of Alphabet Inc.


Alphabet Inc Technical Analysis

The first thing we should note is that Alphabet Inc is now close to its 20 day averages, located at 1520.35 respectively, and thus may be at a key juncture along those timeframes. Volatility for Alphabet Inc has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 6 out of the past 10 days.

Overheard Around the Web

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

    $SPY In a few years we will see how ER Analyst were corrupted for misleading on the results as none as truly made more than should have.. if you look in detail $AAPL $GOOGL or $AMZN under performed but they beat an extremely low readjusted estimate that make it look good. Only $FB actually performed really well.
    This reminds me of Moody’s 12 years ago giving great ratings to shitty bonds