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Google Technical Analysis - Google Trading: 2024-02-28
Alphabet Inc. Technical Analysis Summary
Below 138.41
Sell Stop
Above 146.06
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Sell |
| Donchian Channel | Sell |
| MA(200) | Buy |
| Fractals | Sell |
| Parabolic SAR | Sell |
| Fibonacci | Buy |
Alphabet Inc. Chart Analysis
Alphabet Inc. Technical Analysis
The technical analysis of the GOOGLE stock price chart on daily timeframe shows #S-GOOG,Daily is retracing down toward the 200-day moving average MA(200) after rebounding to all-time high four weeks ago. We believe the bearish momentum will continue after the price breaches below the lower boundary of Donchian channel at 138.41. 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 146.06. 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 (146.06) without reaching the order (138.41), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Stocks - Alphabet Inc.
Alphabet stock dropped after the company announced it will relaunch its AI tool that creates images of people. Will the GOOGLE stock price retreating reverse?
Stock of Alphabet, Google’s parent company, lost 4.5% on Monday after the IT giant announced it will relaunch its AI tool that creates images of people. Google said it will relaunch its AI tool in the next few weeks as users indicated on social media that it generated historical images which were sometimes inaccurate. Google began offering image generation through its Gemini AI models earlier this month and paused it last week after inaccuracies in some historical depictions. This is another snag with Google’s launch of AI tools after its generative AI chatbot Bard shared inaccurate information about pictures of a planet outside the Earth's solar system in a promotional video a year ago as it was launched. Alphabet’s shares dropped by as much as 9% then. Product problems are bearish for Google shares.
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