Alphabet Technical Analysis

GOOGL -- USA Stock  

Fiscal Quarter End: December 31, 2019  

As of 21 of November Alphabet shows Risk Adjusted Performance of 0.0851, Downside Deviation of 1.13 and Mean Deviation of 0.8603. Alphabet technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm future prices. In plain English you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum or the prices will eventually revert. We found nineteen technical drivers for Alphabet which can be compared to its rivals. Please confirm Alphabet Standard Deviation, Maximum Drawdown as well as the relationship between Maximum Drawdown and Expected Short fall to decide if Alphabet is priced correctly providing market reflects its regular price of 1319.84 per share. Given that Alphabet has Jensen Alpha of 0.1276, we suggest you validate Alphabet prevailing market performance to make sure the company can sustain itself at future point.
Target PriceAdvice# of Analysts
Alphabet current and past analyst recommendations published by number of research institutions as well as average analyst consensus
Alphabet Analyst Advice  
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Alphabet Technical Analysis

The output start index for this execution was one with a total number of output elements of sixty. The True Range is a measure of Alphabet volatility developed by Welles Wilder. View also all equity analysis or get more info about true range volatility indicators indicator.

Alphabet Trend Analysis

Use this graph to draw trend lines for Alphabet. You can use it to identify possible trend reversals for Alphabet as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Alphabet price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Alphabet Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Alphabet applied against its price change over selected period. The best fit line has a slop of   2.06  which means Alphabet will continue generating value for investors. It has 122 observation points and a regression sum of squares at 160324.98, which is the sum of squared deviations for the predicted Alphabet price change compared to its average price change.

Alphabet November 21, 2019 Technical Indicators

Alphabet November 21, 2019 Daily Price Condition

Please also check Risk vs Return Analysis. Please also try Watchlist Optimization module to optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm.