Alphabet

Million

Resistance

Change

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Alphabet’s stock price is trading at $129.69 currently with a market capitalization of $1.638 Trillion.</a> </li> 
 <li> <span>2</span> <a>GOOGL stock gave more than 44.77% returns to investors year-to-date.</a> </li> 
</ul> 
<p>Alphabet is the parent company of Google. It has two classes of common stock that trade publicly: Class A and Class C. Class A shareholders have the right to one vote per share and Class C shareholders have no voting rights. Class B shares are not publicly traded shares, have 10 votes per share, and are owned by the founders and insiders.</p> 
<p>The price of GOOGL opened at $131.32 on Thursday and closed at $132.05 with a change of 0.02% in the whole trading session. GOOGL made a high of 132.05 and a low of 129.69 with a volume of 20.858 million.</p> 
<p>The 24-hour volume of shares is 20.858 Million and the last 10 days average volume of shares is 25.255 Million. GOOGLE has a market capitalization of 1.638 Trillion. It has a price-to-earnings ratio of 27.43 and basic eps of 4.75.</p> 
<p>Revenue through the quarter was $69.70 Billion with a net income of $15.05 Billion and a profit margin of 21.59%. On the other hand, in the second quarter of stock it generated a revenue of $74.60 Billion with a net income of $18.37 Billion and a profit margin of 24.62%.</p> 
<h2 class="wp-block-heading" id="strong-googl-stock-price-technical-analysis-strong"><strong>GOOGL Stock Price Technical Analysis</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh3.googleusercontent.com/h8pQIB4nG9iRJsf4rnBnqAw8dprFvXP0K75cs7HOoJtrWU8xAnU4uMZA9ggxOBe12uMv15-hYKqVGWbv5Ygjl6QOTipM6TMbNgAHzVD7zkp3CroBXYU_Sssmuf0N2If8luEYdujAIf6o5V6t4mfeepo" alt="Alphabet Stock Forecast 2023: Can GOOGL Change the Landscape?"> 
  <figcaption class="wp-element-caption">
    Source: GOOGL/US DOLLAR by TradingView 
  </figcaption> 
 </figure> 
</div> 
<p>According to the technical indicators GOOGL stock is giving strong bullish signals. MACD, RSI, and super trend support the stock. The MACD line has been trading above the signal line, signaling bullish momentum. The RSI is above 50, showing positive momentum. The super trend line is beneath the price, signaling an upward trend. Essentially, GOOGL stock is in a powerful bullish trend.</p> 
<p><a href="https://www.thecoinrepublic.com/2023/07/26/alphabet-inc-googl-stock-price-at-130-up-7-04-in-pre-market/" target="_blank" rel="noopener noreferrer nofollow">Alphabet Inc. </a>Class A is showing strong bullish momentum as its stock price is trending above the 50-day and 200-day moving averages. The stock price could start a new uptrend and move higher if the buying pressure continues. Furthermore, the bullish signal on the daily chart confirms the positive outlook.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>GOOGL hit higher highs and surpassed the 50- and 200-day moving averages on daily and weekly time frames. Alphabet stock is making new highs while it reports an increase in its earnings and revenues. The RSI, MACD, moving averages and super trend are all positive, signaling a strong uptrend. Investors and traders should wait for proper setup for the next move and avoid FOMO.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels:</strong></h4> 
<ul> 
 <li><strong>Support Level:</strong> $115.55</li> 
 <li><strong>Resistance Level: </strong>$134.75</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The analysis provided in this article is for informational and educational purposes only. Do not rely on this information as financial, investment, or trading advice. Investing and trading in stock involves risk. Please assess your situation and risk tolerance before making any investment decisions.</p>

Alphabet Stock Forecast 2023: Can GOOGL Change the Landscape?

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Thecoinrepublic.com

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