NASDAQ trade advice (A): US Technology stock | 5-6% gain | USA stock trading picks on 2 Apr 2024

Stock Market
NASDAQ, United States of America

Target hit. Trade closed.

NASDAQ GOOGL

2 Apr 2024
26 Apr 2024
26 Apr 2024
17 days
Loss per
100,000 USD
Stop-loss
147
Buy Advice
2 Apr 2024
152 – 155
Target 1
26 Apr 2024
162
Target 2
26 Apr 2024
165
Profit per
100,000 USD
17 days
14,474
147
152 – 155
162
165
14,474
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Alphabet
  • 152 – 155
  • 162 – 165
  • Below 147
  • 5% – 6%
  • 14 - 15 Days
  • Buy Alphabet
  • Buy
    Range
    152 – 155
  • Target 162 – 165
  • Stoploss Below 147
  • Upside
    Potential
    5% – 6%
  • Trade
    Duration
    14 - 15 Days
  • * Once the first target hit, reset the StopLoss at your buying price.
    * Trade durations are approximate; actual holding period may vary.

    Alphabet (NASDAQ: GOOGL) - Stock Overview

  • NASDAQ Code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • GOOGL
  • Alphabet
  • Technology
  • 153.78
  • 99.78
  • NASDAQ Code GOOGL
  • Stock Name Alphabet
  • Sector Technology
  • 52 Weeks High 153.78
  • 52 Weeks Low 99.78
  • Company profile

    Alphabet encompasses a diverse range of enterprises, such as Google, Verily Life Sciences, GV, Calico, Intrinsic, Isomorphic Labs, Mineral, Waymo, Wing, and X Development. As the world’s third-largest technology corporation in terms of revenue, Alphabet stands as a prominent American multinational conglomerate, with its headquarters situated in Mountain View, California.

  • Alphabet (NASDAQ: GOOGL) vs Nasdaq Composite Index - Relative Strength Comparison

    The image highlights Alphabet's performance over the last year versus Nasdaq Composite Index.
    Relative Performance - Last 1 Year
    GOOGL —   Nasdaq Composite Index —

  • Alphabet (NASDAQ: GOOGL) - Technical Analysis (Daily)

    Alphabet - Technical Analysis chart on Daily Price and Volume
    Alphabet - Technical Analysis chart on Daily Price and Volume

    • Price is in an Uptrend and consistently making Higher Highs and Lows.
    • After making high at around 154 level, price made a correction and fell at 131 level.
    • From there, a sharp comeback by the price has been seen.
    • A Rounding Bottom pattern has been formed in this period.
    • With a strong bullish marubozu candle, price break through the resistance level.
    • We can expect a further upmove if the price manages to sustain the current level.
  • Alphabet (NASDAQ: GOOGL) - RSI Indicator

    Alphabet stock analysis based on RSI Indicator
    Alphabet - RSI Indicator

    • Current RSI of this stock is 70.94, which indicates the strength of buyers.

  • Alphabet (NASDAQ: GOOGL) - MACD Indicator

    Alphabet stock analysis based on MACD Indicator
    Alphabet - MACD Indicator

    • MACD line has crossed the signal line from the below, generates bullish signal.

  • Alphabet (NASDAQ: GOOGL) - ADX & DI Indicator

    Alphabet stock analysis based on ADX & DI Indicator
    Alphabet - ADX & DI Indicator

    • Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.

  • Conclusion - Alphabet (NASDAQ: GOOGL) Stock Price Forecast

    Based on our US stock market signals, Alphabet stock price target will be USD 162 - USD 165 in the next 14-15 trading sessions.

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