Google (GOOG,$1,559.50) faces antitrust suit from DoJ

The U.S. Department of Justice filed its antitrust case against Google. 

The DoJ said the action intended to "restrain Google from unlawfully maintaining monopolies in the markets for general search services, search advertising, and general search text advertising in the United States through anticompetitive and exclusionary practices, and to remedy the effects of this conduct." 

According to Google, the suit was "deeply flawed". The tech giant argued that people use Google because out of choice -- not because they're forced to or because they can't find alternatives. It would have a fuller statement later Tuesday.

Earlier this month, a Congressional report accused Google of favoring its own products in search results. This is similar to the a charge brought against the company by competition authorities in Europe.

Tickeron's analysis suggests 

GOOG in upward trend: price rose above 50-day moving average on October 12, 2020

GOOG moved above its 50-day Moving Average on October 12, 2020 date and that indicates a change from a downward trend to an upward trend. In 29 of 35 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are 83%.

Current price $1560.98 crossed the resistance line at $1571.68 and is trading between $1571.68 resistance and $1522.02 support lines. Throughout the month of 09/17/20 - 10/19/20, the price experienced a +3% Uptrend, while the week of 10/12/20 - 10/19/20 shows a -2% Downtrend.

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where GOOG's RSI Indicator exited the oversold zone, 14 of 19 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 74%.

The Momentum Indicator moved above the 0 level on October 07, 2020. You may want to consider a long position or call options on GOOG as a result. In 68 of 93 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 73%.

The Moving Average Convergence Divergence (MACD) for GOOG just turned positive on October 05, 2020. Looking at past instances where GOOG's MACD turned positive, the stock continued to rise in 29 of 49 cases over the following month. The odds of a continued upward trend are 59%.

Following a +3.73% 3-day Advance, the price is estimated to grow further. Considering data from situations where GOOG advanced for three days, in 226 of 365 cases, the price rose further within the following month. The odds of a continued upward trend are 62%.

The Aroon Indicator entered an Uptrend today. In 181 of 325 cases where GOOG Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 56%.

Bearish Trend Analysis

The Stochastic Indicator demonstrated that the ticker has stayed in the overbought zone for 6 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The 10-day Moving Average for GOOG crossed bearishly below the 50-day moving average on September 18, 2020. This indicates that the trend has shifted lower and could be considered a sell signal. In 4 of 12 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 33%.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where Apple 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 37%.

GOOG broke above its upper Bollinger Band on October 09, 2020. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 89%. During the last month, the daily ratio of advancing to declining volumes was 1.83 to 1.

The Tickeron Profit vs. Risk Rating rating for this company is 12 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 80, placing this stock better than average.

The Tickeron PE Growth Rating for this company is 33 (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 SMR rating for this company is 40 (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 Price Growth Rating for this company is 48 (best 1 - 100 worst), indicating steady price growth. GOOG’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 50 (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 60 (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 (5.04) is normal, around the industry mean (3.75). P/E Ratio (34.23) is within average values for comparable stocks, (152.21). Projected Growth (PEG Ratio) (0.97) is also within normal values, averaging (2.70). Dividend Yield (0.00) settles around the average of (0.11) among similar stocks. P/S Ratio (6.26) is also within normal values, averaging (7.46).