Alphabet gathers positive momentum - Analysis - 19-02-2019

Economies.com
2019-02-19 12:34PM UTC

Alphabets stock fell 0.72% in the last session, or 8.02 points, after the resistance of 1123.79 held on, representing the ratio 50% of Fibonacci retracement levels for a descending wave in the short term (from 1273.89 to 973.69), while gathering momentum to help it rise anew, with positive support from the 50-day SMA, coupled with positive signals from the RSI. 

 

Therefore we expect the stock to return higher, especially if the resistance of 1123.79 was breached, targeting the next one at 1159.21, which represents the ratio 61.8%. 

 

Expected trend for today: Likely Bullish 

Stocks Technical Analysis

United States Analysis

Stocks

Microstrategy price exposed to a free fall - Forecast today - 01-05-2024
2024-05-01 10:53AM UTC
Microstrategy’s stock price (MSTR) skidded in the intraday levels, piercing the important ...
United States Analysis

Stocks

Palo Alto price tries to vent off overbought saturation - Forecast today - 01-05-2024
2024-05-01 10:52AM UTC
Palo Alto Networks’ stock price (PANW) fell mildly in the intraday levels, while gathering ...
United States Analysis

Stocks

Robinhood price exposed to more negative pressures - Forecast today - 01-05-2024
2024-05-01 10:52AM UTC
Robinhood Markets’ stock price (HOOD) fell in the intraday levels, amid the dominance of the ...