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Interactive Media & Services Industry Stocks Technical Analysis - GOOGArchive
- 4/26/2024 -
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Google Inc. (GOOG) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week for the Google Inc. (GOOG). During the week, the GOOG gained 17.97 points, or 11.54%, and closed at 173.69 on Friday, April 26, 2024. Weekly volume was 27% above 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 downtrend resistance line (143.56) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. GOOG may retest the broken resistance line. It is considered to be a support line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line 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 176.42 on April 26, 2024. GOOG gained -92.97 points, or -111.41%, in 77 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (143.56) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See GOOG weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. Weekly Relative Strength Index and MACD have bearish divergence. Use the following links to access the Relative Strength Index and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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, Relative Strength Index 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, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.
 Short-term trend: [See GOOG short-term trend chart]
A short-term uptrend had started on April 25, 2024 at 152.77 and reached 176.42 on April 26, 2024. GOOG gained -23.65 points, or -15.48%, in 1 days. The price is now at the 11.54% retracement level.
 Daily Technical Indicators: [See GOOG daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range. Daily Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bearish divergence.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.
The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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