Google is Up for the 3rd Day in a Row

The Hourly View for Google

  • Currently, GOOGL’s price is down $-3.23 (-0.11%) from the hour prior.
  • This move is a reversal from the hour prior, which saw price move up.
  • If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe.
  • Of note is that the 50 hour changed directions on GOOGL; it is now pointing down. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Google’s hourly price chart is shown below.

GOOGL

The Daily View for Google

  • Currently, GOOGL’s price is up $20.43 (0.7%) from the day prior.
  • Google has seen its price go up 4 out of the past 5 days, thus creating some compelling opportunities for bulls.
  • Regarding the trend, note that the strongest trend exists on the 100 day timeframe.
  • The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
  • Divergence between GOOGL’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in GOOGL’s price.

Below is a daily price chart of Google.

GOOGL

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