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Alphabet's (GOOGL, $2,446.61)Google faces EU competition investigation on ads policies
On Tuesday, the European Union announced that it has started an investigation into whether Alphabet’s Google has broken EU competition rules.
The European Commission is probing into whether Google is curbing competition by favoring its own online display advertising technology services in the ad-tech supply chain, to the extent of restricting access by third parties to user data for advertising purposes on websites and apps (while reserving such data for its own use).
EC will also study whether Google's policies on user tracking are in line with fair competition principles.
GOOGL's RSI Oscillator ascends from oversold territory
The RSI Indicator 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 $2341.92 and is trading between $2341.92 support and $2199.76 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%.
GOOGL moved below its 50-day Moving Average on April 07, 2022 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 April 13, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In 5 of 13 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 38%.
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 50%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.73.
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 51 (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 61 (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 (6.017) is normal, around the industry mean (17.644). P/E Ratio (21.008) is within average values for comparable stocks, (50.361). Projected Growth (PEG Ratio) (0.823) is also within normal values, averaging (4.062). Dividend Yield (0.000) settles around the average of (0.021) among similar stocks. P/S Ratio (5.787) is also within normal values, averaging (96.547).
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 -1.33%. For the same Industry, the average monthly price growth was -13.34%, and the average quarterly price growth was -12.74%. NIROF experienced the highest price growth at 58.84%, while PRSNF experienced the biggest fall at -38.8%.
- 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 23.5%. For the same stocks of the Industry, the average monthly volume growth was 16.55% and the average quarterly volume growth was 101.71%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Positive Outlook today, backed by the RSI Indicator. Tickeron has a positive outlook on this group and predicts a further increase 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 1.21.
4 stocks in the group of tickers exhibit a similar positive trend based on the MACD indicator with an average likelihood of 76%.
The average market capitalization across the group is 10.2B. The market cap for tickers in the group ranges from 299.1M to 39.1B. BIDU holds the highest valuation in this group at 39.1B. The lowest valued company is EGAN at 299.1M.
The average weekly price growth across all stocks in the group was 4.53%. For the same group, the average monthly price growth was -18.22%, and the average quarterly price growth was -26.53%. ANGI experienced the highest price growth at 33.15%, while MSTR experienced the biggest fall at -8.01%.
- 5/14/22 4:23 AM: Angi (ANGI, $5.1) was a top weekly gainer, with a +24.09% jump. Expect an Uptrend continuation
- 5/6/22 5:04 AM: CoStar Group (CSGP, $61) was a top loser this week, declining -6.81%
- 5/4/22 8:26 AM: VNET Group (VNET, $6.5) was a top weekly gainer, with a +24.76% jump
The average weekly volume growth across all stocks in the group was -62.4%. For the same stocks of the group, the average monthly volume growth was -23.49% and the average quarterly volume growth was -32.75%
- 5/13/22 4:49 AM: The volume for MicroStrategy stock increased for one day, resulting in a record-breaking daily growth of 724% of the 65-Day Volume Moving Average
- 5/11/22 7:39 AM: The volume for MicroStrategy stock increased for one day, resulting in a record-breaking daily growth of 261% of the 65-Day Volume Moving Average
- 3/19/22 4:44 AM: The volume for Baidu stock increased for one day, resulting in a record-breaking daily growth of 259% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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