Investors can use this prediction interface to forecast Alphabet historic prices and determine the direction of Alphabet future trends based on various well-known forecasting models. However looking at historical price movement exclusively is usually misleading. Macroaxis recommends to always use this module together with analysis of Alphabet historical fundamentals such as revenue growth or operating cash flow patterns. Please also check Historical Fundamental Analysis of Alphabet to cross-verify your projections.
Alphabet has current Daily Balance Of Power of 0. Balance of Power indicator (or BOP) measures the strength of Alphabet market sensitivity to bulls and bears. It estimates the ability of Alphabet buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring Alphabet Balance of Power indicator one can determine a trend of the price direction.
On August 18 2019 Alphabet was traded for 1,178 at the closing time. The top price for the day was 1,188 and the lowest listed price was 1,167 . There was no trading activity during the period 1.0. Lack of trading volume on August 18, 2019 did not affect price variability. The overall trading delta against the current closing price is 0.88% .
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.