TRENDING KEYWORDS
Alphabet (GOOGL, $2,786.17) beats Q3 revenue expectations
Shares of Google parent company Alphabet fell Tuesday during after-hours trading, even as the technology behemoth reported revenue that crushed analysts’ expectations.
Alphabet’s third quarter revenue climbed +41% from the year-ago quarter to $65.12 billion, exceeding the $63.34 billion expected by analysts polled by Refinitiv.
The company’s earnings came in at $27.99 per share, well above estimates of $23.48.
Google’s advertising revenue in the quarter surged +43% year-over-year to $53.13 billion. Google Cloud revenue increased almost 45% from the year-ago quarter to $4.99 billion.
GOOGL's RSI Oscillator ascends from oversold territory
The RSI Oscillator for GOOGL moved out of oversold territory on April 28, 2022. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 17 similar instances when the indicator left oversold territory. In 14 of the 17 cases the stock moved higher. This puts the odds of a move higher at 82%.
Current price $2288.90 crossed the support line at $2344.21 and is trading between $2344.21 support and $2201.05 support lines. Throughout the month of 04/13/22 - 05/16/22, the price experienced a -12% Downtrend, while the week of 05/09/22 - 05/16/22 shows a +2% Uptrend.
The Stochastic Indicator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 39 of 53 cases where GOOGL's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 74%.
The Moving Average Convergence Divergence (MACD) for GOOGL just turned positive on May 13, 2022. Looking at past instances where GOOGL's MACD turned positive, the stock continued to rise in 38 of 54 cases over the following month. The odds of a continued upward trend are 70%.
Following a +4.87% 3-day Advance, the price is estimated to grow further. Considering data from situations where GOOGL advanced for three days, in 228 of 362 cases, the price rose further within the following month. The odds of a continued upward trend are 63%.
GOOGL may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Momentum Indicator moved below the 0 level on May 16, 2022. You may want to consider selling the stock, shorting the stock, or exploring put options on GOOGL as a result. In 39 of 94 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 41%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where GOOGL declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 43%.
The Aroon Indicator for GOOGL entered a downward trend on May 16, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 49%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.78.
The Tickeron Profit vs. Risk Rating rating for this company is 8 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 91, placing this stock better than average.
The Tickeron PE Growth Rating for this company is 54 (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is 60 (best 1 - 100 worst), indicating steady price growth. GOOGL’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of 70 (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (5.935) is normal, around the industry mean (17.669). P/E Ratio (20.704) is within average values for comparable stocks, (56.519). Projected Growth (PEG Ratio) (0.813) is also within normal values, averaging (3.994). Dividend Yield (0.000) settles around the average of (0.021) among similar stocks. P/S Ratio (5.708) is also within normal values, averaging (96.445).
The Tickeron SMR rating for this company is 81 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
Companies in this industry typically license software on a subscription basis and it is centrally hosted. Such products usually go by the names web-based software, on-demand software and hosted software. Cloud computing has emerged as a major force in this space, making it possible to save files to a remote database (without requiring them to be saved on local storage device); as long as a device has access to the web, it can access the data and the software programs to run it. This has in many cases facilitated cost efficiency, speed and security of data for businesses and consumers. Alphabet Inc., Facebook, Inc. and Yahoo! Inc. are some well-known names in the internet software/services industry.
The average market capitalization across the Internet Software/Services Industry is 37.8B. The market cap for tickers in the group ranges from 1.1K to 1.5T. GOOG holds the highest valuation in this group at 1.5T. The lowest valued company is MSEZ at 1.1K.
- 5/11/22 7:46 AM: Alphabet (GOOGL, $2,287.9), market cap jumped by $26.0B
- 5/10/22 5:36 AM: Alphabet (GOOGL, $2,250.22) saw a $50.0B market cap decrease this week
- 5/6/22 5:04 AM: Alphabet (GOOGL, $2,330.11), market cap dropped by $74.3B
The average weekly price growth across all stocks in the Internet Software/Services Industry was -1.37%. For the same Industry, the average monthly price growth was -13.36%, and the average quarterly price growth was -12.58%. NIROF experienced the highest price growth at 58.84%, while PRSNF experienced the biggest fall at -36.25%.
- 5/5/22 4:57 AM: Alphabet (GOOGL, $2,445.22) was a top weekly gainer, with a +6.97% jump
- 4/12/22 7:12 AM: Alphabet (GOOGL, $2,576.47) was a top loser this week, declining -9.9%
- 3/22/22 5:13 AM: Alphabet (GOOGL, $2,722.03) was a top weekly gainer, with a +8.06% jump
The average weekly volume growth across all stocks in the Internet Software/Services Industry was -49.37%. For the same stocks of the Industry, the average monthly volume growth was -65.2% and the average quarterly volume growth was -26.31%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Negative Outlook today, backed by the MACD Indicator. Tickeron has a negative outlook on this group and predicts a further decline by more than 4.00% within the next month with a likelihood of 54%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.29.
63 stocks in the group of tickers exhibit a similar negative trend based on the Aroon indicator with an average likelihood of 81%.
The most notable companies in this group are Alphabet (NASDAQ:GOOG), Alphabet (NASDAQ:GOOGL), Meta Platforms (NASDAQ:FB), Snap (NYSE:SNAP), Baidu (NASDAQ:BIDU), Twitter (NYSE:TWTR), Spotify Technology SA (NYSE:SPOT), Twilio (NYSE:TWLO), Pinterest (NYSE:PINS), Zillow Group (NASDAQ:Z).
The average market capitalization across the group is 50.4B. The market cap for tickers in the group ranges from 64K to 1.5T. GOOG holds the highest valuation in this group at 1.5T. The lowest valued company is CHNO at 64K.
- 5/14/22 4:23 AM: Alphabet (GOOG, $2,330.31), market cap jumped by $44.1B
- 5/12/22 5:38 AM: Meta Platforms (FB, $188.74) saw a $93.8B market cap decrease this week
- 5/11/22 7:46 AM: Alphabet (GOOGL, $2,287.9), market cap jumped by $26.0B
The average weekly price growth across all stocks in the group was -1.77%. For the same group, the average monthly price growth was -17.99%, and the average quarterly price growth was -23.08%. ZZLL experienced the highest price growth at 50.09%, while BTIM experienced the biggest fall at -53.09%.
- 5/14/22 4:23 AM: Zillow Group (ZG, $40.14) was a top weekly gainer, with a +7.41% jump
- 5/14/22 4:23 AM: Zillow Group (Z, $40.56) was a top weekly gainer, with a +6.6% jump
- 5/14/22 4:23 AM: Angi (ANGI, $5.1) was a top weekly gainer, with a +24.09% jump. Expect an Uptrend continuation
The average weekly volume growth across all stocks in the group was 248.86%. For the same stocks of the group, the average monthly volume growth was 2393.52% and the average quarterly volume growth was 268.07%
- 5/14/22 4:17 AM: The volume for comScore stock increased for a consecutive 5 days, with an average daily gain of 93%
- 5/14/22 4:16 AM: The volume for Uxin stock increased for four consecutive days, resulting in a record-breaking daily growth of 148% of the 65-Day Volume Moving Average
- 5/13/22 4:50 AM: The volume for comScore stock increased for a consecutive 5 days, with an average daily gain of 86%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Latest blogs by Sarah Patel
Top Blogs
