Google (GOOGL, $1,526.06) extends work-from-home

Google   is extending its work-from-home mandate for employees until at least next July, according to the Wall Street Journal which  cited sources familiar with the matter.

“To give employees the ability to plan ahead, we’ll be extending our global voluntary work from home option through June 30, 2021 for roles that don’t need to be in the office,” Google CEO Sundar Pichai wrote in a memo to employees seen by CNN. “I hope this will offer the flexibility you need to balance work with taking care of yourselves and your loved ones over the next 12 months.”

Previously, the tech giant had  announced that its stay at home order would be effective until the end of the year. 

Tickeron's analysis shows GOOGL's price moved above its 50-day Moving Average on June 29, 2020

This price move indicates a change in the trend, and may be a buy signal for investors. In 28 of 35 cases where GOOGL's price crossed above its 50-day Moving Average, its price rose further within the subsequent month. The odds of a continued Uptrend are 80%

Current price $1526.06 is above $1454.25 the highest resistance line found by A.I. Throughout the month of 06/23/20 - 07/24/20, the price experienced a +3% Uptrend, while the week of 07/17/20 - 07/24/20 shows a -0.57% Downtrend.

Technical Analysis (Indicators)

Bullish Trend Analysis

The lower Bollinger Band was broken -- a price increase is expected as the ticker heads toward the middle band, which indicates a buy or call consideration for traders. In 25 of 33 cases where GOOGL's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued Uptrend are 76%.

Bearish Trend Analysis

The RSI Indicator appears to be shifting from an Uptrend to a Downtrend. In 15 of 41 cases where GOOGL's RSI indicator exited the overbought zone, the price fell further within the following month. The odds of a continued Downtrend are 37%.

The Stochastic Indicator may be shifting from an Uptrend to a Downtrend. In 31 of 73 cases where GOOGL's Stochastic indicator exited the overbought zone, the price fell further within the following month. The odds of a continued Downtrend are 42%.

The Momentum Indicator moved below the 0 level on July 23, 2020. Traders may consider selling the ticker, shorting the ticker, or exploring put options. In 39 of 95 cases where GOOGL's Momentum Indicator fell below the 0 level, its price fell further within the subsequent month. The odds of a continued Downtrend are 41%.

The Moving Average Convergence Divergence (MACD) crossed below the signal line. In 21 of 51 cases where GOOGL's MACD histogram became negative, the price fell further within the following month. The odds of a continued Downtrend are 41%.

Following a 3-day Decline, the ticker is projected to fall further. Considering data from situations where GOOGL declined for three days, in 106 of 271 cases, the price rose further within the following month. The odds of a continued Downtrend are 39%.

Fundamental Analysis (Ratings)

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 77%. During the last month, the daily ratio of advancing to declining volumes was 1.51 to 1.

The Tickeron Profit vs. Risk Rating rating for this company is 16 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 85, placing this stock better than average.

The Tickeron PE Growth Rating for this company is 25 (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 28 (best 1 - 100 worst), indicating outstanding 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 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 Valuation Rating of 55 (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 (5.07) is normal, around the industry mean (10.39). P/E Ratio (30.43) is within average values for comparable stocks, (136.11). Projected Growth (PEG Ratio) (0.97) is also within normal values, averaging (2.26). Dividend Yield (0.00) settles around the average of (0.16) among similar stocks. P/S Ratio (4.84) is also within normal values, averaging (4.94).

The Tickeron Seasonality Score of 65 (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.