Google stock: buy or sell
Updated on:
Jun 22nd, 2021
2
Google stock brief
- Google stock inched 1.42% to close at $2,436.25 on the stock market on Monday.
- Price is drawing a scaled uptrend since December 2020 with higher tops and higher bottoms. This uptrend marked a 43.82% gain. On Monday Google broke out above $2,431.38 giving a buy point
- On Monday broke out above its latest top at $2,431.38
- Last Thursday broke out above its latest top at $2,431.38
- On June 14 broke out above its latest top at $2,431.38
- 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?
In the current situation of Google there is just one buy setup eligible:
Uptrend buy setup
Google stock is in an uptrend since in December 2020 that so far marked an amazing 44.00% gain. Price marked a local bottom in this uptrend at $2,193.62 in mid-May, and since then it bounced off a 11.06%. Price just broke out above the entry point at $2,431.38, but it can be traded. If price climbs beyond $2,552.95, it would be better to wait to another pullback. If you decide to enter this trade, the suggested stop loss is at $2,188.24
| Buy setup | Buy point | Stop loss | Risk |
| Uptrend buy setup | $2,431.38 | $2,188.24 | 10.00% |
Should I sell Google stock?
How to know when is it time to sell Google?. As when we have to buy shares, deciding when is appropiate time to sell is not a whimsy decision, and we must use our own trading style. We like very simple setups to guide us on when is a good moment to sell our shares. Be aware that these setups should not be used for selling short Google stock
A golden rule is that you should never mantain an operation that leads to greater losses than those expected at the time of purchase. The moment to sell shares always has to be determined 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 month, just one brokerage rating was published for Google
| Brokerage firm | Rating |
|---|---|
| Jun 2nd, 2021 | |
| KGI Securities | Buy |
Google stock analysis
Since in December 2020, Google has been drawing an uptrend that by now marked an amazing 43.82%. The price line shows higher highs and higher lows, and along the way gave some buy points for those who wanted to trade in. Latest pullback was in mid-May, when price bounced at $2,193.62. Google broke out above $2,431.38 (its last top) on Monday. That breakout was a good buy point
SMAs overview
Supports and resistances
Price is at highs and there are not upper resistance levels.
The current support levels are:
Bollinger bands
The distance between the upper and lower bands is less than 5%, and this means that price volatility is at very low levels. The compression of the Bollinger bands is often a indication of a sudden price movement (up or down), so we must be cautious and manage our buy or sell orders appropiately
Relative strength index
The RSI dropped below the overbought level of 70 last April after just crossing to the overbough zone for a single day (weak signal). The RSI value on Monday was 60.39. Google stock rose a 1.82% since then
Google stock price history
Google IPO was on Aug 19th, 2004 at $50.05 per share1. Since then, GOOGL stock has risen by 4,767.63%, with an average of 297.98% per year. If you had invested thousand dollars in Google stock on the IPO, it would be valued $48,676.32 today.
1: Adjusted price after possible price splits or reverse-splits
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.
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 predictions follow the publication of new financial information by the company, and many times. If you are a small trader you should not buy or sell based on these predictions.
There is just one price target issued for Google that forecasts a price of $3,000.00.
| Brokerage firm | Price target |
|---|---|
| Jun 2nd, 2021 | |
| KGI Securities | $3,000.00 |
Earnings and financials
Financial call was hosted by Google ($GOOGL) last April after posting the financial report. Google surpassed consensus earnings estimates and presented of $26.29, that is a 66.18% better than expected compared to the predictions of $15.82. Aligned to this, reported revenues were $55.3 billion compared to estimates of $51.7 billion.
This compares to Earnings of $9.87 per share a year ago, so reported EPS is a gain of 166.36%. Looking at revenue, figures exploded a 34.39% compared to $411.6B year over year.Google ($GOOGL) is hosting the Q2 earnings call late next July. Market forecasts of $19.21, compared to Q1 that made $26.29.
Google competitors
Google belongs to the Internet Content & Information industry, where it has industry peers.
The following are some of Google biggest competitors:
| Company | Market cap | Rating | Bullish ratings1 |
|---|---|---|---|
| Google ($GOOGL) | $1.4T | Buy | 1 |
| Yandex ($YNDX) | $23.1B | Neutral | 0 |
| Blucora (BCOR) | $815.7M | | 1 |
1 In the last 30 days.
Google performance
To better understand Google stock performance you must compare its gains with other related stocks in same sector or industry.. For Google, the benchmark is made against Yandex and Blucora.
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Google ($GOOGL) | 5.10% | 19.40% | 39.50% |
| Yandex ($YNDX) | 9.00% | 5.30% | -2.80% |
| Blucora (BCOR) | 10.40% | 1.30% | 29.10% |
Important:
The viewpoints expressed in this article are personal and not recommendations for you to buy or sell shares. The author of this paper does not know the specific circumstances of the reader, his or her finances 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 Opinions are published for learning purposes onlyGoogle summary
| Monday, June 21st, 2021 | |
|---|---|
| Open | $2410.01 |
| Close | $2436.25 |
| Day range | $2397.97 - $2440 |
| Previous close | $2402.22 |
| Session gain | 1.42% |
| Average true range | $38.22 |
| 50d mov avg | $2,332.30 |
| 100d mov avg | $2,196.78 |
| 200d mov avg | $1,929.92 |
| Earnings date | July 29th, 2021 |