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The recent trading week brought some cheer to shareholders of Alphabet (GOOG) as the tech behemoth notched a whopping +5.28% gain, propelling its stock price to $137.31. Such a leap is especially noteworthy when set against the backdrop of A.I.dvisor's analysis of 125 stocks within the Internet Software/Services sector. 🤖🔍
In a week characterized by bullish sentiment, with approximately 79.49% of stocks in the industry trending upwards, Alphabet still managed to distinguish itself as a beacon for investors. 📊📈
A closer glance at GOOG's trading indicators provides even more insights. The Momentum Indicator for Alphabet signaled a significant shift on August 29, 2023, moving north of the 0 level. Historically, when such movements have occurred, there's a whopping 74% chance of the stock continuing its upward trajectory. Traders, it might be time to keep those buying strategies at the ready! ⏫💰
From an earnings perspective, the last report from July 25 painted a positive picture, with earnings per share landing at $1.44, surpassing the anticipated $1.34. With the tech giant's colossal market capitalization of 1.72T, it firmly holds its place among the industry's titans like Meta Platforms and Baidu. 📊💼
The Internet Software/Services sector, renowned for its cloud computing innovations and web-based software solutions, has seen the rise of industry mammoths like Alphabet Inc., Meta Platforms, and more. Their impact on facilitating cost efficiency, speed, and data security for businesses and consumers alike cannot be overstated. ☁️🔐
A holistic look at the industry metrics reveals an average weekly price growth of 1%. However, some outliers made their presence felt, with TRFE boasting a staggering 52% growth, while TNYYF weathered a sharp 49% decline. 📉📈
Volume-wise, the week recorded an average growth of 7% across all stocks in the sector. But with a monthly and quarterly volume dip of -8% and -25% respectively, it hints at some increased caution among traders and investors. 📊🤔
With the recent five trading days witnessing GOOG stock advancing +5.05%, and with predictions leaning towards a growth reaching the $160.04 mark (17.74% success odds), shareholders might be bracing for a sweet 17.00% ROI in the days to come. 🚀🎯
In the ever-evolving world of internet software and services, Alphabet's (GOOG) recent gains stand as a testament to its robustness and market resilience. Whether you're a seasoned trader or a budding investor, one thing's for certain: Alphabet remains a stock to watch. 👀💹
GOOG in -3.66% downward trend, falling for three consecutive days on November 15, 2024
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where GOOG declined for three days, in of 242 cases, the price declined further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for GOOG moved out of overbought territory on November 13, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 49 similar instances where the indicator moved out of overbought territory. In of the 49 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 72 cases where GOOG's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The Momentum Indicator moved below the 0 level on November 20, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on GOOG as a result. In of 90 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for GOOG turned negative on November 18, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 49 similar instances when the indicator turned negative. In of the 49 cases the stock turned lower in the days that followed. This puts the odds of success at .
GOOG broke above its upper Bollinger Band on November 06, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Bullish Trend Analysis
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where GOOG advanced for three days, in of 367 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 320 cases where GOOG Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 90, placing this stock better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. GOOG’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable 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.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued 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 (6.868) is normal, around the industry mean (10.901). P/E Ratio (26.982) is within average values for comparable stocks, (50.708). Projected Growth (PEG Ratio) (1.637) is also within normal values, averaging (3.441). Dividend Yield (0.000) settles around the average of (0.026) among similar stocks. P/S Ratio (6.477) is also within normal values, averaging (19.253).
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average 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.
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Fundamental Analysis Ratings
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General Information
a holding company with interests in software, health care, transportation and other technologies
Industry InternetSoftwareServices