Will GOOGL Stock Price Smash the $150 Mark?
The post Will GOOGL Stock Price Smash the $150 Mark? appeared on BitcoinEthereumNews.com. Alphabet stock price has shown a strong chart structure in recent trading sessions. The price was above the key moving averages and reflected the buyers’ power. The sellers were wary of the competition and waited for a decline to show their influence. Moreover, seeing the rise, sellers were closing their positions, staying on the sidelines. The buyers kept making long positions and steadily moved toward $100. GOOGL stock was $139.10 at the time of writing with a slight gain of 1.26% for the day, showing neutrality in the last trading session. Trading volume for the day was 28.502 Million. The market cap of GOOGL stock was $1.761 Trillion. The stock displayed the bulls’ strength and maintained the gains leading the way. On the daily charts, Alphabet stock stayed on the top, near the supply zone, holding the gains convincingly. Buyers have an edge and have dominated the past few trading sessions. Moreover, the price persisted in forming higher highs. Sellers were trapped during the rebound. As per the technicals, analysts maintained a buy rating, and the target price of $200 was recently retested, showing the stock’s bullishness. Technical Analysis of Alphabet Stock Price in 1-D Time Frame Source: Alphabet.1D.NASDAQ by TradingView Currently, Alphabet stock (NASDAQ: GOOGL) is trading above the 50 and 200-day simple moving averages (SMAs), which are supporting the price momentum. However, if buying volume adds up, then the price might support bullish momentum by making higher highs and new highs. Hence, the Alphabet price is expected to move upwards giving bullish views over the daily time frame chart. The current value of RSI is 59.13 points. The 14 SMA is below the median line at 55.17 points, indicating that the Alphabet stock is bullish. The MACD line at 1.64 and the signal line at 1.14 are above…
The post Will GOOGL Stock Price Smash the $150 Mark? appeared on BitcoinEthereumNews.com.
Alphabet stock price has shown a strong chart structure in recent trading sessions. The price was above the key moving averages and reflected the buyers’ power. The sellers were wary of the competition and waited for a decline to show their influence. Moreover, seeing the rise, sellers were closing their positions, staying on the sidelines. The buyers kept making long positions and steadily moved toward $100. GOOGL stock was $139.10 at the time of writing with a slight gain of 1.26% for the day, showing neutrality in the last trading session. Trading volume for the day was 28.502 Million. The market cap of GOOGL stock was $1.761 Trillion. The stock displayed the bulls’ strength and maintained the gains leading the way. On the daily charts, Alphabet stock stayed on the top, near the supply zone, holding the gains convincingly. Buyers have an edge and have dominated the past few trading sessions. Moreover, the price persisted in forming higher highs. Sellers were trapped during the rebound. As per the technicals, analysts maintained a buy rating, and the target price of $200 was recently retested, showing the stock’s bullishness. Technical Analysis of Alphabet Stock Price in 1-D Time Frame Source: Alphabet.1D.NASDAQ by TradingView Currently, Alphabet stock (NASDAQ: GOOGL) is trading above the 50 and 200-day simple moving averages (SMAs), which are supporting the price momentum. However, if buying volume adds up, then the price might support bullish momentum by making higher highs and new highs. Hence, the Alphabet price is expected to move upwards giving bullish views over the daily time frame chart. The current value of RSI is 59.13 points. The 14 SMA is below the median line at 55.17 points, indicating that the Alphabet stock is bullish. The MACD line at 1.64 and the signal line at 1.14 are above…
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