Ongoing decline · week 17 · Nasdaq
Alphabet ends the week down 0.1%, pinned between its averages as money flow nears zero
Our view last week
Alphabet gives back 1.6% in a week when the tech sector gained 3.5%, and sellers jump from 53% to 72% of volume. Last week's bounce found no follow-through: price has slipped just under the 20-day moving average, in the 344 area, with price action in a distribution phase. For Alphabet stock the short is still 4.38% in profit, while money flow, below zero for 12 weeks, keeps climbing back toward the line.
This week's summary
Alphabet ends the week down 0.1% after touching its 20-week average, in the 345 area, and failing to close above it: price is pinned between that resistance and support in the 343.5 area. Last week it had slipped under the 20-day average, now it has edged back above; price action is indecisive and money flow, negative for 13 weeks, keeps climbing toward zero. For Alphabet stock, one of the US tech stocks to watch into earnings, the short is still 4.5% in profit.
IQS Phase
62
ordinary
Signal Strength
7
decline losing steam
Sizing
MINIMUM
Ranking
#138 / 175
US stocks
Trade P&L %
+4.50%
from signal to date, no stop loss
Alphabet (GOOGL) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 138th among the 175 sell signals for US stocks in our ranking, with a signal strength of 7 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimein strong phase
Performanceweekly +1.80% · monthly +8.83%
GOOGL belongs to the growth tech sector (reference ETF XLK). The sector is classified in strong phase according to our weekly reading.
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