GOOGL pushes through prior session high
Alphabet Inc. (GOOGL) Technical Analysis Report for Jun 14, 2018 | by Techniquant Editorial Team
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 Candlestick Chart (GOOGL as at Jun 14, 2018):
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.
With four out of the other four FAANG Stocks closing higher today, the ones that stand out on the positive side are NFLX gaining 3.41% and FB closing 2.29% higher. None of the markets ended the day in the red. Read more