Alphabet is the company that owns Google. People are expecting the company to make a lot of money and earn a lot of money for each share (EPS) in the next few months. The stock price of Alphabet is currently lower than what most people think it should be. This could be a good time to buy the stock if it goes down more, because it could then go up later. Some experts think the stock could go up by 16% in the next year. Read from source...
- He uses an unrelated image for the story, which is not suitable for the main topic (Alphabet's earnings)
- He does not provide any historical context or background information about Alphabet or its business segments
- He does not explain why the stock is moderately bearish or how the bearish momentum relates to the earnings report
- He does not analyze the technical indicators or their implications for the stock price
- He does not compare the analyst ratings and price targets with the current stock price or the market consensus
- He does not mention any positive aspects or potential catalysts for the stock
- He uses vague and misleading terms like "bearish momentum" and "selling pressure" without providing any evidence or examples
- He uses outdated information (2024) and does not update the data or the charts
- He uses a stock chart image with a different ticker symbol (GOOG) than the one mentioned in the article title (GOOG
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Article's Topic: Alphabet's Q2 earnings and technical analysis of the stock chart
- Alphabet is expected to report Q2 earnings of $1.84 per share and $84.1 billion in revenue on Tuesday.
- The stock is up 45.59% over the past year and 27.18% YTD.
- Technical indicators suggest potential buying opportunities for Alphabet, despite the bearish trend and selling pressure.
- The MACD indicator is at 0, signaling bullishness, and the RSI is at 42.29, suggesting the stock is heading towards being oversold.
- The Bollinger Bands (25) range from $173.50 to $192 have had the stock trading in the upper bullish band mostly, but recently, Alphabet stock has dipped to the lower bearish band, signaling near-term bearishness.
- The moving average convergence divergence (MACD) indicator is at 0,56, indicating bullishness, while the relative strength index (RSI) is at 42.29, suggesting the stock is heading towards being oversold.
- The stock price currently stands at $177.66, below the 8-day simple moving average (SMA) of $181.89 and the 20-day SMA of $184.18, both of which signal bearishness.
- The 50-day SMA at $178.49 also suggests bearishness. However, the 200-day SMA at $151.56 generates a bullish signal.