The Greedy Trader Weekly Analysis
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Quarterly Price vs. Fibonacci:Near 38.2% retracement level
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Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

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- 4/19/2024 -
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Google Inc. (GOOG) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are overbought
Daily :Stochastic signal line moved below overbought areaDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARBearish Falling Three Methods CandlestickPrice is near the Fibonacci 23.6% retracement level
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It was the negative week for the Google Inc. (GOOG). During the week, the GOOG dropped -3.47 points, or -2.18%, and closed at 155.72 on Friday, April 19, 2024. Weekly volume was -24% below average.

Long-term trend: [See GOOG long-term trend chart]
A long-term downtrend had started on February 2, 2022 at 3042.00 and reached 83.45 on November 3, 2022. GOOG lost 2958.55 points, or 97.26%, in 39 weeks. The chart has formed a Rectangle chart pattern. The trend support level is at 142.67 and resistance is at 164.56. A rectangle chart pattern is characterized as a short-term horizontal channel and represents a trading range and indecision area that is usually resolves in the direction of the main trend. Chart analysis usually considers a rectangle pattern a continuation formation, but it can also mark significant top and bottom. A rectangle pattern within younger parent trend has more chances to mark a continuation. Use the following link to access a Rectangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rectangle pattern in a long-term trend.

Medium-term trend: [See GOOG medium-term trend chart]
A medium-term uptrend had started on November 3, 2022 at 83.45 and reached 161.70 on April 12, 2024. GOOG gained -78.25 points, or -93.77%, in 75 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 142.67 and resistance is at 164.62. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See GOOG weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since October 14, 2022. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See GOOG short-term trend chart]
A short-term downtrend had started on April 12, 2024 at 161.70 and reached 153.91 on April 19, 2024. GOOG lost 7.79 points, or 4.82%, in 7 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See GOOG daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Candlestick pattern: [See GOOG candlestick chart pattern]
On Friday the chart has formed a Bearish Falling Three Methods Candlestick pattern. A Bearish Falling Three pattern is a continuation pattern, it shows a temporary break in the trend of prices without causing a reversal. The reliability of the Bearish Falling Three Methods pattern is high. Use the Technical Stock Screener to see the list of stocks that had a Bearish Falling Three Methods Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.33
Williams' Percentage Range (W%R) 30.60
Lane's Stochastic (%D-Slow) 43.72
Greed/Fear Indicator (GFI) 53.81
Moving Average Converg./Diverg. (MACD) 3.32
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.77
Williams' Percentage Range (W%R) 12.20
Overbought
Lane's Stochastic (%D-Slow) 84.33
Overbought
Greed/Fear Indicator (GFI) 74.81
Moving Average Converg./Diverg. (MACD) 0.90
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 164.62
Yearly Trendline Resistance 164.56
Parabolic System 161.28
Upper Bollinger Band 159.72
Weekly Stochastic Crossing 158.28
Daily Stochastic Crossing 157.20
Price 155.72
20 Day Moving Average 155.39
Lower Bollinger Band 148.85
50 Day Moving Average 147.53
Yearly Trendline Support 142.67
Quarterly Trendline Support 142.67
Sector and Industry
Description Name Rank
Sector Communication Services 4
Industry Interactive Media & Services 119
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 158.68
High Date 04/17/2024
Low 153.91
Low Date 04/19/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 161.70
High Date 04/12/2024
Low 153.91
Low Date 04/19/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 131.55
Low Date 03/05/2024
High 161.70
High Date 04/12/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 164.62
Support 142.67
Low 83.45
Low Date 11/03/2022
High 161.70
High Date 04/12/2024
Description Value
Direction Down
Chart Pattern Rectangle
Status Valid
Resistance 164.56
Support 142.67
High 3042.00
High Date 02/02/2022
Low 83.45
Low Date 11/03/2022
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.