Google stock: buy or sell

GOOGL stock price: $2,278.35 -0.03% At close on Apr 21st, 2021

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

Google analysts' ratings - Last month
Brokerage firmRating
Mar 25th, 2021
Morgan Stanley Buy
Mar 29th, 2021
Stifel Nicolaus NeutralStrong buy
Mar 31st, 2021
Morgan Stanley Buy
Apr 1st, 2021
Wolfe Research Buy
Apr 9th, 2021
Argus Strong buy
Apr 14th, 2021
Wedbush Buy
Apr 15th, 2021
Argus Strong buy
Apr 20th, 2021
KeyCorp BuyBuy
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

GOOGL stock SMAs chart

Supports and resistances

Price is at highs and there are not upper resistance levels.

The current support levels are:

  • S1: $2,145.14 (-5.85% below)
  • S2: $2,113.74 (-7.22% below)
  • S3: $1,996.09 (-12.39% below)
  • Bollinger bands

    GOOGL stock Bollinger Bands chart

    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

    GOOGL stock RSI chart

    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

    GOOGL stock price history chart

    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).

    Google stock price predictions
    Brokerage firmPrice 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

    GOOGL performance compared
    Company1m3m6m
    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 only

    Google 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 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 GOOGL 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 GOOGL go up?

    Google had different price predictions published by analysts in the last 4 weeks setting the target price to $2,585.13. That is a 13.47% than the current price ($2,278.35).