GOOGL pushes through prior session high


Google Inc Class A (GOOGL) Technical Analysis Report for Jun 14, 2018 [< 1 min read]
Highlights
GOOGL unable to break through key resistance level
GOOGL pushes through previous session high
GOOGL rises to highest close since March 12th
TQ Sentiment
Technical Forecast:
Overview

GOOGL finished Thursday at 1160.11 gaining $15.88 (1.39%). Today's closing price of 1160.11 marks the highest close since March 12th. Closing above Wednesday's high at 1155.64, the share confirms its breakout through the previous session's high having traded $10.35 above it intraday.

Daily chart for GOOGL
Volatility

Thursday's trading range was $15.39 (1.34%), that's slightly below last trading month's daily average range of $16.50. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly below average.

Support/Resistance

Unable to break through the key technical resistance level at 1161.10, Google closed below it after spiking as high as 1165.99 during the day. The failure to close above the resistance could increase that levels importance as resistance going forward.

Trend

Although still in a long-term downtrend, the short and medium-term trends both turned bullish already.

Conclusion

While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being very bearish.

Market Conditions for Google Inc Class A
ConditionForecastDirectionWinAvgWorstBestEvents
Closed below last periods low TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
Black Candle TQ Pro Members Only
Bounced off Technical Support S1 TQ Pro Members Only
Last Engulfing Bottom Pattern TQ Pro Members Only
More market conditions identified for TQ Pro members...
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Latest Report:

GOOGL finds buyers at key support level

Jun 21, 2018
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