When (GOOG) Moves Investors should Listen
December 28, 2024, 20:34 pm ET, BY Jolene W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for GOOG
- Buy GOOG near 182.21 target 198.73 stop loss @ 181.68 Details
The technical summary data tells us to buy GOOG near 182.21 with an upside target of 198.73. This data also tells us to set a stop loss @ 181.68 to protect against excessive loss in case the stock begins to move against the trade. 182.21 is the first level of support below 194.04 , and by rule, any test of support is a buy signal. In this case, support 182.21 is being tested, a buy signal would exist.
- Short GOOG slightly under 198.73, target 182.21, stop loss @ 199.3 Details
The technical summary data is suggesting a short of GOOG as it gets near 198.73 with a downside target of 182.21. We should have a stop loss in place at 199.3though. 198.73 is the first level of resistance above 194.04, and by rule, any test of resistance is a short signal. In this case, if resistance 198.73 is being tested, a short signal would exist.
Swing Trading Plans for GOOG
- Buy GOOG slightly over 198.73, target n/a, Stop Loss @ 198.16 Details
If 198.73 begins to break higher, the technical summary data tells us to buy GOOG just slightly over 198.73, with an upside target of n/a. The data also tells us to set a stop loss @ 198.16 in case the stock turns against the trade. 198.73 is the first level of resistance above 194.04, and by rule, any break above resistance is a buy signal. In this case, 198.73, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short GOOG slightly near 198.73, target 191.8, Stop Loss @ 199.3. Details
The technical summary data is suggesting a short of GOOG if it tests 198.73 with a downside target of 191.8. We should have a stop loss in place at 199.3 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 198.73, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for GOOG
- Buy GOOG slightly over 194.18, target 198.73, Stop Loss @ 193.73 Details
If 194.18 begins to break higher, the technical summary data tells us to buy GOOG just slightly over 194.18, with an upside target of 198.73. The data also tells us to set a stop loss @ 193.73 in case the stock turns against the trade. 194.18 is the first level of resistance above 194.04, and by rule, any break above resistance is a buy signal. In this case, 194.18, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short GOOG slightly near 194.18, target 191.8, Stop Loss @ 194.63. Details
The technical summary data is suggesting a short of GOOG if it tests 194.18 with a downside target of 191.8. We should have a stop loss in place at 194.63 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 194.18, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Alphabet Inc. (GOOG) available here: GOOG.
GOOG Ratings for December 28:
Term → | Near |
Mid |
Long |
Rating |
Strong |
Strong |
Strong |
P1 |
0 |
0 |
166.35 |
P2 |
194.18 |
191.8 |
182.21 |
P3 |
198.73 |
198.68 |
198.73 |
AI Generated Signals for GOOG
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for GOOG: