American Stocks Analysis

Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.

Alphabet driven lower by current resistance - Analysis - 17-07-2018

Economies.com
2018-07-17 12:01PM UTC

Alphabet's stock (GOOG) fell in the intraday levels, recording a loss of 0.42% in the last session, or 4.96 points, after the pivotal resistance of 1186.89 held on, amid positive pressure from the 50-day SMA, with the dominance of the main upward medium-term trend, coupled with positive signals from the Relative Strength Index. 

 

Therefore we expect the stock to return higher, especially if the resistance of 1186.89 was breached, targeting the next one at 1242.91. 

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