Alphabet is becoming less and less interesting …

Alphabet: What does the chart analysis provide?

The average of the closing price of Alphabet shares for the last 200 trading days is currently at 115.67 USD. Thus, the last closing price (97.8 USD) deviates -15.45 percent, which corresponds to a “Sell” rating from a chart perspective. Let’s look at the average of the last 50 trading days. For this value (98.21 USD), the last closing price is close to the moving average (-0.42 percent). Thus, the result in this case is a different rating for Alphabet stock, and that is a “hold” rating. The bottom line is that Alphabet stock thus receives a “hold” rating for the simple chart technique.

The RSI encourages buyers

A well-known means from technical analysis to assess whether a stock is currently “overbought” or “oversold” is the Relative Strength Index (RSI). This puts price movements over time in relation to each other. We look at the RSI on a 7-day and 25-day basis for Alphabet. Let’s start with the 7-day RSI, which is currently 13.33 points. This means that Alphabet is currently oversold. Thus, the stock is rated as a “buy.” How does the 25-day RSI look? Contrary to the RSI7, Alphabet is neither oversold nor oversold here. For the RSI25, the security is therefore rated as “Hold”. Alphabet is thus rated “Buy” on balance for this point in our analysis.

Alphabet: Sentiment clouded among investors

Share prices can be assessed not only by hard factors such as balance sheet data, but also by soft factors such as sentiment. Our analysts looked at Alphabet on social platforms and measured that the comments or findings have been overwhelmingly negative. In addition, social media users around Alphabet have been mostly negative over the past two days. Thus, the share receives the rating “Sell” for this observation. The editorial team thus comes to the conclusion that Alphabet must be classified as “Sell” in terms of sentiment.

Sentiment picture clearly clouded

During the last few weeks, no clear change could be observed in the communication about Alphabet in social media. There was no fundamental shift toward overly positive or negative discussions. The stock therefore receives a “hold” rating from the editors. The intensity or, to put it simply, the frequency of posts about a stock provides indications of whether the company is currently much or little in the focus of investors. There has been significantly less discussion about Alphabet than normal, and there has also been a decline in attention. This leads to a “Sell” rating. Overall, this gives the stock a “Sell” rating.