Steady Progress: GOOGL Benefits from Tickeron's Robot Factory with 5.50% Gain
One such example is the AI trading robot known as Day Trader: High Volatility Stocks for Active Trading (TA&FA). In the previous month, this robot showcased remarkable performance, yielding a gain of 5.50% while trading the popular stock, GOOGL (Alphabet Inc.).
When analyzing market trends, the concept of consecutive downward movements, such as GOOGL's three-day decline, often raises concerns among investors. A stock moving lower for three straight days is typically perceived as a bearish sign, indicating a potential downturn in the near future. Given this observation, it is crucial to monitor GOOGL closely for any signs of further declines.
To assess the likelihood of a continued downward trend for GOOGL, it is essential to examine historical data. By analyzing situations where GOOGL experienced a three-day decline, it was found that in 149 out of 281 cases, the price continued to decline further within the following month. This data suggests that the odds of a sustained downward trend are approximately 53%, indicating a significant possibility of future price declines.
Aside from technical indicators, fundamental analysis, such as examining earnings reports, plays a crucial role in assessing a stock's performance. In the case of GOOGL, the most recent earnings report, released on April 25, revealed earnings per share (EPS) of $1.17, surpassing the estimated figure of $1.08. With 27.25 million shares outstanding, the current market capitalization of GOOGL stands at a substantial $1.56 trillion.
Taking into account the impressive performance of the AI trading robot, which generated a 5.50% gain while trading GOOGL over the previous month, combined with the historical data indicating the likelihood of further declines, investors should remain cautious. The bearish signal conveyed by GOOGL's three-day decline suggests a potential downtrend, and the historical odds of a continued downward trajectory reinforce this sentiment. Additionally, the positive earnings report and the substantial market capitalization indicate the company's overall strength.
GOOGL's RSI Indicator ascends from oversold territory
The RSI Indicator for GOOGL moved out of oversold territory on September 11, 2024. 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 of the 17 cases the stock moved higher. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.
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 356 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 328 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 October 10, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on GOOGL as a result. In of 89 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 October 11, 2024. 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 49 similar instances when the indicator turned negative. In of the 49 cases the stock turned lower in the days that followed. This puts the odds of success at .
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 75%.
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 91, 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 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 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 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 (11.001). P/E Ratio (26.802) is within average values for comparable stocks, (49.688). 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 (19.424).
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.
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