Google stock: buy or sell
Updated on:
Apr 22nd, 2021
2
Google stock brief
- Google just moved a -0.03% after reaching new all-time highs last Monday
- Google is presenting its earnings report next Tuesday
- KeyCorp and Wedbush posted bullish ratings for Google on Tuesday, with an average target of $2,789.00
- 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 $GOOGL stock a buy?
Currently, Google stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $GOOGL will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Google stock?
When you are a novel trader and you own stock shares with some profit, it's really difficult to decide the good moment to sell and get your benefits. Like when we have to buy shares, determining when is appropiate to sell is not a fickle decision, and we must adhere our own trading strategy. We like very simple setups to guide us on when is a good time to sell our shares. Be aware that these setups are not intended for selling short Google stock
A guiding principle is that you should not mantain an operation that shows a greater losses than those expected by the time of purchase. When to sell shares always has to be ruled by the stop-loss (automatic or manual)
Is it time to sell Google stock?
In the current situation of Google there is not any eligible sell setup, so Google stock holders with operations in green can keep their positions
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
| Brokerage firm | Rating |
|---|---|
| Mar 25th, 2021 | |
| Morgan Stanley | Buy |
| Mar 29th, 2021 | |
| Stifel Nicolaus | Neutral → |
| Mar 31st, 2021 | |
| Morgan Stanley | Buy |
| Apr 1st, 2021 | |
| Wolfe Research | Buy |
| Apr 9th, 2021 | |
| Argus | |
| Apr 14th, 2021 | |
| Wedbush | Buy |
| Apr 15th, 2021 | |
| Argus | |
| Apr 20th, 2021 | |
| KeyCorp | Buy → Buy |
| Wedbush | Buy |
Google stock analysis
$GOOGL at new All-time Highs
Last Monday, Google hit all-time highs (ATH) again at $2,304.09. Stock cracked new all-time highs 3 times in the last 2 weeks
SMAs overview
Supports and resistances
Price is at highs and there are not upper resistance levels.
The current support levels are:
Bollinger bands
Relative strength index
The RSI dropped below the overbought level of 70 on Tuesday after just crossing to the overbough zone for just one day (weak signal). The RSI value on Wednesday was 68.86
Google stock price history
Google went public priced at an adjusted price1 of $50.05 on Aug 2004. Since then, GOOGL stock has risen by 4,452.15%, with an average of 278.26% per year. An investment of thousand dollars at that time would be valued $45,521.48 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Google stock
Nobody can predict how much a stock will be priced in the future. However, many stock price predictions are published every day by banks, financial institutions and independent analysts.
Along with buy or sell recommendations, brokerage institutions release their price target based on the stock price action and the company fundamental data. Most of these forecasts follow the release of new fundamental information by the company, and many times. Again, these targets are not direct recommendations for small traders and should not be followed blindly.
There are 8 price predictions posted for Google that average $2,585.13. That is a 13.47% than the last price ($2,278.35).
| Brokerage firm | Price target |
|---|---|
| Mar 25th, 2021 | |
| Morgan Stanley | $2,200.00 → $2,350.00 |
| Mar 29th, 2021 | |
| Stifel Nicolaus | Not available |
| Mar 31st, 2021 | |
| Morgan Stanley | $2,200.00 → $2,350.00 |
| Apr 1st, 2021 | |
| Wolfe Research | $2,450.00 |
| Apr 9th, 2021 | |
| Argus | $2,400.00 → $2,500.00 |
| Apr 14th, 2021 | |
| Wedbush | $2,470.00 → $2,953.00 |
| Apr 15th, 2021 | |
| Argus | $2,400.00 → $2,500.00 |
| Apr 20th, 2021 | |
| KeyCorp | $2,353.00 → $2,625.00 |
| Wedbush | $2,470.00 → $2,953.00 |
Earnings and financials
Google ($GOOGL) will host the Q1 earnings call next Tuesday. Market expects of $15.66, compared to previous quarter that was $22.30.
Shareholders event was hosted by Google ($GOOGL) last February after presenting the financial report. Google presented earnings of $22.30 per share on revenue of $56.9 billion. The analysts estimate was $15.90 per share on revenue of $53.1 billion.
Same quarter one year ago, reported EPS was $15.35, so recently posted EPS is an increase of 45.28%. Turnover exploded a 23.49% on an annualized basis in the , from $460.8B to $569.0B last quarter.Google performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Google ($GOOGL) | 11.70% | 20.30% | 49.60% |
Please read:
The opinions published in this post are personal and should not be followed as recommendations for you to buy or sell shares. The author of this document does not have any knowledge of the individual scenarios of the reader, his or her finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are provided for general educational motives onlyGoogle summary
| Wednesday, April 21st, 2021 | |
|---|---|
| Open | $2272.05 |
| Close | $2278.35 |
| Day range | $2244.82 - $2280 |
| Previous close | $2279.01 |
| Session gain | -0.03% |
| Average true range | $57.36 |
| 50d mov avg | $2,108.12 |
| 100d mov avg | $1,957.52 |
| 200d mov avg | $1,760.76 |
| Earnings date | April 27th, 2021 |