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Dec 05, 2018
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Alphabet's (GOOGL, $1,062.47) Waymo Launches Driverless Taxi Service in Phoenix, Arizona

Alphabet's (GOOGL, $1,062.47) Waymo Launches Driverless Taxi Service in Phoenix, Arizona

Alphabet Inc.’s Waymo launched its autonomous taxi service in the Phoenix area on Wednesday.

Named Waymo One, the taxi service with self-driving technology will be operating in a roughly 100-mile zone in the Phoenix suburbs of Chandler, Tempe, Mesa and Gilbert. The vehicles would still have a human driver behind the wheel to help in case of an emergency. Waymo  has been testing out the concept in the Phoenix area since 2016. There are plans to eventually transition the service into a fully driverless one.

Riders can book a cab on the Waymo app, and will be able to see price estimates before they decide to confirm the trip. They can contact customer support through an in-car console or can ask questions on the Waymo app.

Related Ticker: GOOGL

Contributor

Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.


GOOGL sees its 50-day moving average cross bearishly below its 200-day moving average

The 50-day moving average for GOOGL moved below the 200-day moving average on October 29, 2026. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on October 16, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on GOOGL as a result. In 43 of 79 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 54%.

The Moving Average Convergence Divergence Histogram (MACD) for GOOGL turned negative on October 16, 2026. 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 26 of the 48 cases the stock turned lower in the days that followed. This puts the odds of success at 54%.

GOOGL moved below its 50-day moving average on October 16, 2026 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for GOOGL crossed bearishly below the 50-day moving average on October 23, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In 10 of 15 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 67%.

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 62%.

The Aroon Indicator for GOOGL entered a downward trend on October 27, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The RSI Indicator demonstrates that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 9 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a +2.55% 3-day Advance, the price is estimated to grow further. Considering data from situations where GOOGL advanced for three days, in 228 of 339 cases, the price rose further within the following month. The odds of a continued upward trend are 67%.

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

Fundamental Analysis (Ratings)

The Tickeron SMR rating for this company is 21 (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 Profit vs. Risk Rating rating for this company is 37 (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 94, placing this stock slightly better than average.

The Tickeron Price Growth Rating for this company is 64 (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 69 (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 (5.498) is normal, around the industry mean (1.005). P/E Ratio (13.881) is within average values for comparable stocks, (-47.882). Projected Growth (PEG Ratio) (1.225) is also within normal values, averaging (17.274). Dividend Yield (0.003) settles around the average of (0.989) among similar stocks. P/S Ratio (9.416) is also within normal values, averaging (71.888).

The Tickeron PE Growth Rating for this company is 89 (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.

Notable companies

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

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 124.36B. The market cap for tickers in the group ranges from 107 to 3.42T. GOOGL holds the highest valuation in this group at 3.42T. The lowest valued company is STBXF at 107.

High and low price notable news

The average weekly price growth across all stocks in the Internet Software/Services Industry was -2%. For the same Industry, the average monthly price growth was -2%, and the average quarterly price growth was -15%. GIBO experienced the highest price growth at 44%, while RDDT experienced the biggest fall at -36%.

Volume

The average weekly volume growth across all stocks in the Internet Software/Services Industry was 150%. For the same stocks of the Industry, the average monthly volume growth was 50% and the average quarterly volume growth was 21%

Fundamental Analysis Ratings

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

Valuation Rating: 42
P/E Growth Rating: 64
Price Growth Rating: 64
SMR Rating: 76
Profit Risk Rating: 93
Seasonality Score: 10 (-100 ... +100)
Related Portfolios: TECHNOLOGY ETFs
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a holding company with interests in software, health care, transportation and other technologies

Industry InternetSoftwareServices

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Internet Software Or Services
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