Google stock: buy or sell

GOOG stock price: $2,293.29 -0.01% At close on Apr 21st, 2021

Updated on:
Apr 22nd, 2021

2

Google stock brief

  • After hitting new highs last Monday, Google closed at $2,293.29 barely moving a -0.01%
  • Google is presenting its earnings report next Tuesday
  • Cowen posted a buy rating for Google on Wednesday, forecasting $2,600.00
  • Alphabet Inc. provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America.

Should I buy Google stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $GOOG stock a buy?

In the current situation of Google there is not any eligible buy setup. This doesn't mean we expect a selloff for $GOOG in coming sessions, or that it may not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Google stock?

"To sell or not to sell", if you are holding Google stock?. Trading strategies allow us to avoid impulsive decisions based on our sentiments or the noise that surrounds the market. When selling, as well as buying, our strategies are very simple to use and are only applicable for selling stocks in your porfolio, not for selling short Google stock

As a golden rule, you must never keep an operation that yields greater losses than those expected by the time of the buy. The moment to sell shares should always be determined by the stop-loss (automatic or manual)

Is it time to sell Google stock?

Currently, Google stock doesn't match any of our preferred sell setups, so if you own Google stock and your operation is in profit probably is not time to sell now

Google ratings

In the last 30 days, 9 brokerage ratings were published for Google. General sentiment is bullish, with 9 out of 9 posting optimistic outlooks

Google analysts' ratings - Last month
Brokerage firmRating
Mar 31st, 2021
Wolfe Research Buy
Apr 6th, 2021
Evercore ISI Buy
Apr 13th, 2021
Evercore ISI Buy
Apr 14th, 2021
Wedbush Buy
Apr 15th, 2021
Cowen Buy
Apr 19th, 2021
Canaccord Genuity Strong buy
JPMorgan Chase & Co. Strong buy
Mizuho BuyStrong buy
Apr 21st, 2021
Cowen Buy

Google stock analysis

$GOOG at new Highs

Last Monday, Google reached new all-time highs (ATH) again at $2,318.45. It's the 3rd time in the last 10 sessions, marking an important rally

SMAs overview

GOOG stock SMAs chart

Supports and resistances

Price is at all-time highs and there are not upper resistances.

The current supports are:

  • S1: $2,152.68 (-6.13% below)
  • S2: $2,128.81 (-7.17% below)
  • S3: $2,010.73 (-12.32% below)
  • Bollinger bands

    GOOG stock Bollinger Bands chart

    Relative strength index

    Crossed over the overbought line Wednesday, with a value of 70.04. Contrary to what many investors may think, the fact that the value is above 70 does not imply a sell signal, as stock price can be in the overvalued zone for many weeks and continue to rally

    GOOG stock RSI chart

    Google stock price history

    Google started trading on Aug 19th, 2004 at $49.81 per share1. Since then, GOOG stock has risen by 4,504.08%, with an average of 281.51% per year. If you had invested $1,000USD in Google stock at that time, it would worth $46,040.75 today.

    1: Adjusted price after possible price splits or reverse-splits

    GOOG stock price history chart

    Price target for Google stock

    How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price predictions are issued every day by banks, financial institutions and independent analysts.

    The following table shows the price forecasts published by analysts for the last 30 days. If you are a small trader you don't have to invest based on these forecasts.

    The average price target for Google stock calculated from the table below is $2,629.00. Google closed at $2,293.29 on Wednesday, that is a 12.77% than the predicted price.

    Google stock price predictions
    Brokerage firmPrice target
    Mar 31st, 2021
    Wolfe Research Not available
    Apr 6th, 2021
    Evercore ISI $2,525.00
    Apr 13th, 2021
    Evercore ISI $2,525.00
    Apr 14th, 2021
    Wedbush $2,953.00
    Apr 15th, 2021
    Cowen $2,400.00$2,600.00
    Apr 19th, 2021
    Canaccord Genuity $2,400.00$2,600.00
    JPMorgan Chase & Co. Not available
    Mizuho $2,350.00$2,600.00
    Apr 21st, 2021
    Cowen $2,400.00$2,600.00

    Earnings and financials

    Google ($GOOG) presents quarterly earnings report next Tuesday.

    Alphabet Inc. ($GOOG) published quarterly earnings of $22.30 per share last February, strongly surpassing the Market consensus estimate of $15.98 per share. This quarterly report means an earnings surprise of 39.55%. Estimated turnover for this quarter was $53.1 billion but Google slightly enhanced by 7.13%, reporting $56.9 billion.

    This compares to Earnings of $15.35 per share same quarter last year, so current EPS means a gain of 45.28%. Looking at turnover, figures exploded a 23.49% compared to $460.8B same quarter last year.

    Google performance

    GOOG performance compared
    Company1m3m6m
    Google ($GOOG) 11.80% 20.80% 50.20%

    Important note:
    The comments given in this post are personal and not recommendations for you to buy or sell shares. The author of this text does not know the particular situations of the reader, his or her own financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are posted for educative purposes only

    Google summary

    Wednesday, April 21st, 2021
    Open$2285.25
    Close$2293.29
    Day range$2258.57 - $2295.32
    Previous close$2293.63
    Session gain-0.01%
    Average true range$56.96
    50d mov avg$2,119.99
    100d mov avg$1,966.73
    200d mov avg$1,767.00
    Earnings dateApril 27th, 2021

    Frequently asked questions

    What is Google stock symbol?

    Alphabet Inc. is a public company trading in the US stock market with the GOOG symbol

    Is Google stock a buy or sell?

    Google received 9 ratings in the last 30 days: 9 bullish, 0 bearish and 0 neutral.

    Will GOOG go up?

    Google had different price forecasts issued by market analysts in the last month forecasting the target price to $2,629.00. That is a 14.64% than the current price ($2,293.29).