pool adsAlphabet Inc Class C $GOOG Technical Update
The Alphabet Inc Class C (NASDAQ: GOOG) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for GOOG, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Weak | Neutral | Neutral |
| P1 | 1116.87 | 1145.82 | 1006.76 |
| P2 | 1138.68 | 1226.14 | 1153.72 |
| P3 | 1171.77 | 1303.85 | 1290.02 |
Support and Resistance Plot Chart for GOOG
Long Term Trading Plans for GOOG
May 15, 2019, 7:45 am ET
The Technical Summary and Trading Plans for GOOG help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this GOOG Report.
GOOG - (Long) Support Plan
The technical summary data tells us to buy GOOG near 1006.76 with an upside target of 1153.72. This data also tells us to set a stop loss @ 1006.5 to protect against excessive loss in case the stock begins to move against the trade. 1006.76 is the first level of support below 1120.44 , and by rule, any test of support is a buy signal. In this case, support 1006.76 would be being tested, so a buy signal would exist.
GOOG - (Short) Resistance Plan
The technical summary data is suggesting a short of GOOG as it gets near 1153.72 with a downside target of 1006.76. We should have a stop loss in place at 1153.98 though. 1153.72 is the first level of resistance above 1120.44, and by rule, any test of resistance is a short signal. In this case, if resistance 1153.72 is being tested, so a short signal would exist.
