GOOGL Stock Analysis: Navigating the Current Trend and Anticipating Key Market Shifts.



The daily price of GOOGL has transitioned into a corrective trend since October 12th, interrupting the 9-day upward momentum. Considering recent market fluctuations, today's decline indicates a relatively strong downward movement with increased selling pressure.

The overall trend is expected to continue in the corrective mode, with a minor attempt to enter an uptrend early next week. However, a complete shift to an upward trend seems unlikely, remaining within the boundaries of the corrective trend. By mid-October, the trend is likely to weaken further, possibly entering the Bearish zone with increasing downward pressure.

The similarity with the US market index is at a high level of 77%, but the prediction may vary slightly based on overall market conditions. Currently positioned at 129% within the Bullish zone, there is some time before entering the Bearish zone, allowing for a gradual correction and a potential return to an uptrend. However, as we approach next week, reaching around the Bullish zone 50% level might trigger the possibility of entering the Bearish zone. Therefore, an essential trend turning point is anticipated next week.

Oct 12, 2023

Closed price

138.97

-1.12%

 

 

Appropriate Investment Position: Bullish-Buy [Long-term strategy]

Today's stock price Buy-Sell intensity analysis

The current trend appears to be 'Correction trend'. The OPEN-price started with a stronger upward rate than the current trend and The HIGH and LOW prices are showing a weaker HIGH-price and an appropriate LOW-price compared to the current trend. Finally, the CLOSE-price closed with a suitable decline rate for the current trend.

The overall buy-sell intensity indicates that the sell intensity is stronger than the buy.

Assuming that the average sell intensity is -100%,

Today's sell intensity is

-132%

 

 

Tomorrow's stock price Buy-Sell intensity Prediction

Based on recent stock trends and technical analysis, it looks like GOOGL stock is poised for an Correction trend tomorrow

The %intensity of Risk & Return tomorrow :

-50%

HIGH ~ LOW % range tomorrow :

0.1%

-1.2%

Predicted Average loss over the next 3 days:

-1.4%

The price of GOOGL stock moves in line with the rise and fall of the stock market index with a probability of

77%

 

, and conversely, it moves against the stock market index trend with a probability of

23%

 

because of the high similarity, the predicted flow might change depending on the flow of the stock market index. If any changes are made, the stock flow of the 10-day forecast may also change.

GOOGL stock price 10 Day prediction [Short-term strategy]

It is expected that the overall trend movement over the next 10 days will follow a sideways box pattern, with a ratio of 10 : 0 for the downward to upward direction, indicating a higher proportion of the downward trend. However, in terms of the expected strength of the upward and downward movements, the downward strength is moderate, while the upward strength is higher. Currently, it's in the midst of a correction trend in a downward-trending market with a box pattern of price fluctuations, marked by small increases and downward fluctuations. and The Buy-Sell intensity has changed from a strong buying flow to a suddenly strengthening selling flow.

Indicating that We are currently in a bullish zone. Therefore, it is recommended to implement a strategy to increase profits and take a suitable investing position. A suitable investing position is 'Buy(Bullish) and Hold' for now. The appropriate buying timing is predicted to be in 2 days.

The buying date is

Oct 13

to

Oct 16

A good price to buy a stock:

$ 137.36

And the appropriate selling timing is predicted to be in 4 days.

 

The selling date is

Oct 17

to

Oct 18

A good price to sell a stock:

$ 140.94

(Prediction may shift due to changes in the Buy-Sell intensity)

Volatility of Prediction

Due to sudden changes in Buy-Sell intensity that can cause instability in trend linkage, pretiming predictions can be highly volatile.

Prediction the turning point of the trend

The probability of a trend reversal occurring approximately 5 days from now

50%

Prediction of Upper~Lower price range over the next 10 days

Price:

137.98

~

140.44

% Change:

-0.7%

~

1.1%

Median price between the upper and lower prices

139.21

0.2%

Analysis of the trend zone & level% and average intensity of trends

For the last 30 days, the average trend zone & level%

Bullish

28%

The Current trend zone & level%

Bullish

129%

The expected average trend zone & level% for the next 10 days

Bullish

65%

If the trend moves upward from the current trend level%, it's expected to have an average upward strength of

66%

(Max 100%)

And if it moves downward, it is expected to have a downward strength of

-41%

(Min -100%)

Prediction the intensity of the trend and the range of the HIGH ~ LOW

Trend

%Intensity

HIGH

LOW

In 1 day: Correction trend

-50%

0.1%

-1.2%

In 2 days: Entering an uptrend

-45%

0.0%

-0.6%

In 3 days: Entering an uptrend

65%

1.4%

-0.1%

In 4 days: Entering an uptrend

67%

1.6%

-0.1%

In 5 days: Reversion to a correction trend

-44%

0.1%

-1.2%

In 6 days: Correction trend

-32%

0.1%

-0.5%

In 7 days: Correction trend

-46%

0.0%

-1.4%

In 8 days: Correction trend

-31%

0.0%

-0.4%

In 9 days: Correction trend

-46%

0.1%

-0.7%

In 10 days: Entering an uptrend

-34%

-0.1%

-0.6%

Average closing price in case of rising:

 

1.3%

=> HIGH ~ LOW range:

1.8%

~

-0.6%

Average closing price in case of falling:

 

-0.8%

=> HIGH ~ LOW range:

0.8%

~

-1.5%

The 10-day prediction and technical analysis of GOOGL stock are conducted based on the analysis of buy-sell intensity by the pretiming analysis. This analysis provides detailed information on various aspects, including the best stocks to buy, stock price targets, and investment strategies. It also includes bearish and bullish stock trend analysis as well as stock technical analysis.


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