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Alphabet Inc (Google) stock price is trading at $122.03 currently, with a market capitalization of $1.551 Trillion. - 2
GOOGl stock gave more than 38.40% return to investors in a year.
Alphabet Inc., the parent company of Google and other subsidiaries, has two classes of common stock that trade publicly: Class A and Class C . Class A shareholders have one vote per share. In contrast, Class C shareholders have no voting rights. Class B shares, which are not publicly traded, have 10 votes per share and are owned by the founders and insiders.
The price of Alphabet Class A stock GOOGL decreased by $1.73 or 1.40% to close at $122.03 on July 19, 2023. The market capitalization of the company is $1.57 trillion, making it one of the most valuable companies in the world.
The price-to-earnings ratio (P/E) of the stock was 27.54, indicating how much investors are willing to pay for each dollar of earnings. The earnings per share (EPS) of the company was $4.73, reflecting the profitability of the business. The stock had a 52-week high of $129.04 and a 52-week low of $83.34, showing the range of price fluctuations over the past year.
Weekly Analysis of GOOGl Stock
The stock price of Alphabet Inc Class A. has climbed beyond the 50 and 200-day moving averages in the weekly chart, indicating strong bullish momentum. The market is optimistic about GOOGL’s performance. Moreover, the weekly RSI and MACD are also in favor of the bulls.
GOOGl Stock Price Technical Analysis
Alphabet Inc Class A. (GOOGL) is showing strong bullish momentum as its stock price has risen above the 50-day and 200-day moving averages. The stock price could start a new uptrend and move higher if the buying pressure persists. Moreover, the bullish signal on the daily chart confirms the positive outlook.
GOOGL stock is showing strong bullish signs according to the technical indicators MACD, RSI, and super trend. The MACD line has moved above the signal line, signaling bullish strength. The RSI is above 50, showing a positive trend. The super trend line is below the price, confirming an uptrend. These indicators imply that GOOGL stock is in a powerful bullish trend and may keep rising.
Conclusion
Alphabet Inc Class A. stock is reaching new highs while it reports an increase in its earnings. GOOGl hit higher highs and surpassed the 50- and 200-day moving averages on daily and weekly time frames. The RSI, MACD, moving averages, and super trend are all positive, signaling a strong uptrend.
Technical Levels:
- Support – The current support level is $116.61.
- Resistance –The current resistance level is $127.21.
Disclaimer
The GOOGL stock price prediction given in this article is for informational and educational use only. Do not use this information as financial, investment, or as trading advice. Investing and trading in stock is a risky task. Please consider your circumstances and risk profile before making any investment decisions.
Source: https://www.thecoinrepublic.com/2023/07/20/alphabet-inc-results-on-25th-july-will-googl-price-see-a-rally/