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Google Technical Analysis - Google Trading: 2023-02-09
Alphabet Inc. Technical Analysis Summary
Below 98.37
Sell Stop
Above 108.6
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Sell |
| Donchian Channel | Neutral |
| MA(200) | Buy |
| Fractals | Sell |
| Parabolic SAR | Sell |
Alphabet Inc. Chart Analysis
Alphabet Inc. Technical Analysis
The technical analysis of the GOOGLE stock price chart on 4-hour timeframe shows #S-GOOG,H4 is retracing down toward the 200-period moving average MA(200) after rebounding to 5-month high a week ago. We believe the bearish momentum will continue after the price breaches below the lower boundary of Donchian channel at 98.37. This level can be used as an entry point for placing a pending order to sell. The stop loss can be placed above the fractal high at 108.6. After placing the order, the stop loss is to be moved every day to the next fractal high following Parabolic indicator signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (108.6) without reaching the order (98.37), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Stocks - Alphabet Inc.
Alphabet chief executive Sundar Pichai said on Monday that the company will first open the AI service to its testers before launching it publicly in a few weeks’ time. Will the GOOGLE stock price retreating reverse?
Sundar Pichai said in a blog post that Google will trial its chatbot called Bard to prepare it for public release. Bard will be competing with the popular Microsoft-backed chatbot ChatGPT, which launched in November. It is based on a large language model known as LaMDA that processes huge amounts of text to learn how to respond to text-based queries. Alphabet says the new chatbot would draw on information from the internet, while its competitor's knowledge is up to date as of 2021. Alphabet Inc lost $100 billion in market value yesterday after its new chatbot shared inaccurate information in a promotional video with the stock falling 7.68% on the day.
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