Beginner's Guide to Trading Hi-Tech Stocks: Consistent 4.77% Returns on GOOGL
High-tech Stock GOOGL: A Lucrative Prospect for Choppy Market Trading Beginners (TA&FA)
In the world of choppy market trading, beginners are often in search of the Holy Grail of stocks that are likely to generate high returns. Today, we explore Google's parent company, Alphabet Inc. (GOOGL), which has shown a promising uptrend and may serve as an optimal choice for new traders. As per Technical and Fundamental Analysis (TA&FA), the stock has recently generated a 4.77% return, signaling a bullish trend.
Examining the Bullish Indicators
Through a technical lens, several indicators confirm the bullish momentum for GOOGL. The first significant indicator is the Momentum Indicator which moved above the 0 level on July 12, 2023. This is typically seen as a bullish signal suggesting investors may want to consider a long position or call options on GOOGL. Historically, in 68 of the 94 past instances where the momentum indicator surpassed 0, GOOGL continued its upward trajectory. This suggests a favorable 72% chance of continued upward trend.
In tandem with this positive momentum, GOOGL moved above its 50-day moving average on July 13, 2023, which generally indicates a shift from a downward trend to an upward one. A 50-day moving average is a powerful tool used by traders to gauge long-term trends, and a move above it is usually seen as a positive indicator.
Predicting Future Growth
On another positive note, GOOGL's stock price has seen a considerable +6.32% 3-day advance. Historically, this has led to further price appreciation in the coming month in about 215 of 343 cases. This, statistically speaking, offers a 63% chance of a sustained upward trend.
GOOGL's recent performance and the key technical analysis indicators suggest that the stock is on a bullish run, making it an attractive option for beginners in choppy market trading. Always remember, the numbers guide the way in trading, and currently, they seem to point towards Alphabet Inc. (GOOGL). Happy trading!
GOOGL sees its Stochastic Oscillator climbs out of oversold territory
On October 14, 2024, the Stochastic Oscillator for GOOGL moved out of oversold territory and this could be a bullish sign for the stock. Traders may want to buy the stock or buy call options. Tickeron's A.I.dvisor looked at 54 instances where the indicator left the oversold zone. In of the 54 cases the stock moved higher in the following days. This puts the odds of a move higher at over .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on October 21, 2024. You may want to consider a long position or call options on GOOGL as a result. In of 89 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for GOOGL just turned positive on October 28, 2024. Looking at past instances where GOOGL's MACD turned positive, the stock continued to rise in of 49 cases over the following month. The odds of a continued upward trend are .
GOOGL moved above its 50-day moving average on September 27, 2024 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for GOOGL crossed bullishly above the 50-day moving average on October 01, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 17 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where GOOGL advanced for three days, in of 357 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 321 cases where GOOGL Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
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 of 62 cases within the following month. The odds of a continued downward trend 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 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 Price Growth Rating for this company is (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 Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
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 (6.821) is normal, around the industry mean (10.901). P/E Ratio (26.802) is within average values for comparable stocks, (50.708). Projected Growth (PEG Ratio) (1.626) 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 (6.435) 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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General Information
a holding company with interests in software, health care, transportation and other technologies
Industry InternetSoftwareServices