GOOGL pushes through prior session high
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.
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.
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.
Although still in a long-term downtrend, the short and medium-term trends both turned bullish already.
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
|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|
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