Trump has attacked Google (NASDAQ:GOOG)

  • Sumo

Trump has attacked Google (NASDAQ:GOOG) because he doesn’t like the search results that pop up when he types in “Trump news.”

Google has some excellent company on President Trump’s enemies list.

Trump has attacked Google because he doesn’t like the search results that pop up when he types in “Trump news.” “They have it RIGGED, for me & others,” Trump tweeted on August 28. “Almost all stories & news is BAD.”

Nobody disputes that a lot of Trump news coverage is negative. But Trump is wrong about Google (GOOGL) manipulating news to make it unflattering to him. Still, Trump seemed to threaten punishment against Google and other social-media sites, telling reporters later on August 28, “they better be careful …. They are really treading on very, very troubled territory.”

Trump has threatened a number of other companies, of course—and for the most part, nothing much has come of it. Yahoo Finance analyzed the stock performance of 19 public companies Trump has threatened since being elected president, and found virtually no meaningful evidence of any damage at all.

Overall, the bias in prices is: Upwards.

The projected upper bound is: 1,275.58.

The projected lower bound is: 1,189.03.

The projected closing price is: 1,232.30.

Candlesticks

A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 4 white candles and 6 black candles for a net of 2 black candles. During the past 50 bars, there have been 21 white candles and 29 black candles for a net of 8 black candles.

Momentum Indicators

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 87.6654. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a buy 6 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 56.36. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 22 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 54. This is not a topping or bottoming area. The last signal was a buy 5 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 19 period(s) ago.

Rex Takasugi – TD Profile

ALPHABET INC C closed down -10.670 at 1,231.150. Volume was 13% below average (neutral) and Bollinger Bands were 41% narrower than normal.

Open High Low Close Volume___
1,241.2901,242.5451,228.6901,231.150 1,304,007

Technical Outlook
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bullish

Moving Averages: 10-period 50-period 200-period
Close: 1,213.76 1,193.03 1,106.15
Volatility: 21 23 29
Volume: 1,192,507 1,390,744 1,614,783

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

ALPHABET INC C is currently 11.3% above its 200-period moving average and is in an downward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future. Our volume indicators reflect volume flowing into and out of GOOG.O at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on GOOG.O and have had this outlook for the last 4 periods.

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