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Sep 02, 2023

Alphabet's ($GOOG) Striking Surge: +5.28% Weekly Gains Revealed ๐ŸŒ๐Ÿ’น

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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. ๐Ÿค–๐Ÿ”

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. ๐Ÿ“Š๐Ÿ“ˆ

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! โซ๐Ÿ’ฐ

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. ๐Ÿ“Š๐Ÿ’ผ

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. โ˜๏ธ๐Ÿ”

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. ๐Ÿ“‰๐Ÿ“ˆ

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. ๐Ÿ“Š๐Ÿค”

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. ๐Ÿš€๐ŸŽฏ

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. ๐Ÿ‘€๐Ÿ’น

Related Ticker: GOOG

GOOG in -3.15% downward trend, declining for three consecutive days on September 20, 2023

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 265 cases, the price declined further within the following month. The odds of a continued downward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day RSI Indicator for GOOG moved out of overbought territory on September 01, 2023. 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 48 similar instances where the indicator moved out of overbought territory. In of the 48 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 73 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 September 20, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on GOOG as a result. In of 98 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 September 20, 2023. 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 48 similar instances when the indicator turned negative. In of the 48 cases the stock turned lower in the days that followed. This puts the odds of success at .

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 349 cases, the price rose further within the following month. The odds of a continued upward trend are .

GOOG may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

The Aroon Indicator entered an Uptrend today. In of 329 cases where GOOG Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. GOOGโ€™s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding 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 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 93, placing this stock better than average.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating 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 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 (6.353) is normal, around the industry mean (17.194). P/E Ratio (28.490) is within average values for comparable stocks, (41.413). Projected Growth (PEG Ratio) (1.278) is also within normal values, averaging (3.543). Dividend Yield (0.000) settles around the average of (0.025) among similar stocks. P/S Ratio (5.999) is also within normal values, averaging (8.583).

Notable companies

The most notable companies in this group are Alphabet (NASDAQ:GOOG), Alphabet (NASDAQ:GOOGL), Meta Platforms (NASDAQ:META), Baidu (NASDAQ:BIDU), Spotify Technology SA (NYSE:SPOT), Pinterest (NYSE:PINS), Snap (NYSE:SNAP), Zillow Group (NASDAQ:Z), Twilio (NYSE:TWLO), Tencent Music Entertainment Group (NYSE:TME).

Industry description

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.

Market Cap

The average market capitalization across the Internet Software/Services Industry is 49.28B. The market cap for tickers in the group ranges from 1.11K to 1.69T. GOOGL holds the highest valuation in this group at 1.69T. The lowest valued company is MSEZ at 1.11K.

High and low price notable news

The average weekly price growth across all stocks in the Internet Software/Services Industry was -3%. For the same Industry, the average monthly price growth was 4,315%, and the average quarterly price growth was 4,031%. FMHS experienced the highest price growth at 123%, while VYGPF experienced the biggest fall at -41%.

Volume

The average weekly volume growth across all stocks in the Internet Software/Services Industry was 27%. For the same stocks of the Industry, the average monthly volume growth was 13% and the average quarterly volume growth was 9%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 43
P/E Growth Rating: 73
Price Growth Rating: 56
SMR Rating: 79
Profit Risk Rating: 92
Seasonality Score: -17 (-100 ... +100)
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a holding company with interests in software, health care, transportation and other technologies

Industry InternetSoftwareServices

Profile
Fundamentals
Details
Industry
Internet Software Or Services
Address
1600 Amphitheatre Parkway
Phone
+1 650 253-0000
Employees
190234
Web
https://www.abc.xyz
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GOOG and

Correlation & Price change

A.I.dvisor indicates that over the last year, GOOG has been closely correlated with GOOGL. These tickers have moved in lockstep 100% of the time. This A.I.-generated data suggests there is a high statistical probability that if GOOG jumps, then GOOGL could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To GOOG
1D Price
Change %
GOOG100%
-3.05%
GOOGL - GOOG
100%
Closely correlated
-3.12%
META - GOOG
59%
Loosely correlated
-1.77%
SPOT - GOOG
58%
Loosely correlated
+0.37%
PINS - GOOG
50%
Loosely correlated
+3.09%
IAC - GOOG
48%
Loosely correlated
-0.88%
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