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Google Technical Analysis - Google Trading: 2023-10-06
Alphabet Inc. Technical Analysis Summary
Above 136.47
Buy Stop
Below 132.72
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Buy |
| Donchian Channel | Neutral |
| MA(200) | Buy |
| Fractals | Buy |
| Parabolic SAR | Buy |
Alphabet Inc. Chart Analysis
Alphabet Inc. Technical Analysis
The technical analysis of the GOOGLE stock price chart on 4-hour timeframe shows #S-GOOG,H4 is rebounding above the 200-period moving average MA(200) after hitting 6-week low two weeks ago. We believe the bullish momentum will continue after the price breaches above the upper boundary of Donchian channel at 136.47. This level can be used as an entry point for placing a pending order to buy. The stop loss can be placed below the fractal low at 132.72. After placing the order, the stop loss is to be moved every day to the next fractal low 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 (132.72) without reaching the order (136.47), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Stocks - Alphabet Inc.
A US Judge ruled for Google in $217 million patent case. Will the GOOGLE stock price rebounding continue?
A Texas federal judge rejected patent infringement claims by Brazos Licensing and Development over tracking technology in Google’s mobile apps on Wednesday. Brazos had requested $217 million in infringement damages for a patent originally owned by Nokia related to delivering mobile services based on a device user's location. Brazos filed the lawsuit in 2020 accusing Google's Awareness API and devices and apps that use the technology, like Google's Pixel smartphones and Google Maps application, of infringing the patent. Judge ruled for Google before the case could go to jury.
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