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's Stochastic Oscillator remains in oversold zone for 4 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 uptrend is expected.
Technical Analysis (Indicators)
Bullish Trend Analysis
GOOGL moved above its 50-day moving average on September 28, 2023 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where GOOGL advanced for three days, in of 347 cases, the price rose further within the following month. The odds of a continued upward trend are .
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 Aroon Indicator entered an Uptrend today. In of 335 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
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 GOOGL as a result. In 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 .
The Moving Average Convergence Divergence Histogram (MACD) for GOOGL 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 50 similar instances when the indicator turned negative. In of the 50 cases the stock turned lower in the days that followed. This puts the odds of success at .
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 .
Fundamental Analysis (Ratings)
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 92, placing this stock better than average.
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 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 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 (6.161) is normal, around the industry mean (17.311). P/E Ratio (27.624) is within average values for comparable stocks, (41.575). Projected Growth (PEG Ratio) (1.239) is also within normal values, averaging (3.534). Dividend Yield (0.000) settles around the average of (0.024) among similar stocks. P/S Ratio (5.817) is also within normal values, averaging (8.571).
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a holding company with interests in software, health care, transportation and other technologies
Industry InternetSoftwareServices
GOOGL and
Correlation & Price change
A.I.dvisor indicates that over the last year, GOOGL has been closely correlated with GOOG. These tickers have moved in lockstep 100% of the time. This A.I.-generated data suggests there is a high statistical probability that if GOOGL jumps, then GOOG could also see price increases.
| Ticker / NAME | Correlation To GOOGL | 1D Price Change % | ||
|---|---|---|---|---|
| GOOGL | 100% | +1.36% | ||
| GOOG - GOOGL | 100% Closely correlated | +1.27% | ||
| META - GOOGL | 61% Loosely correlated | +2.09% | ||
| SPOT - GOOGL | 58% Loosely correlated | -0.14% | ||
| PINS - GOOGL | 49% Loosely correlated | +1.61% | ||
| DASH - GOOGL | 49% Loosely correlated | -0.45% | ||
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