Alphabet: the rebound stalls, sellers regain control
Alphabet slips 0.8% as money flow turns negative and sellers retake control
Alphabet: the rebound stalls, sellers regain control
Our view last week
Alphabet is in the 4th week of a sell signal, and the week just closed with a 6.7% rebound, without printing a new low: the signal strength drops to 47 out of 100, momentum stalling under ordinary volatility. The setup quality indicator holds at 50 out of 100, ordinary range, and the stock ranks 118th among 137 US sell signals: a name to watch, not to chase.
This week's summary
Money flow on Alphabet turned negative this week, with sellers taking 72% of volume: last week's 6.7% rebound has stalled, and the stock is down just 0.8%, in the fifth week of its sell signal. The daily chart still shows the double bottom in the 341 area, source of a 5% intermediate rebound; price is now working between the daily Bollinger Band, area 358, and the daily pivot point average, area 356.
IQS Phase
53
ordinary
Signal Strength
3
decline losing steam
Sizing
MINIMUM
Ranking
#91 / 137
US stocks
Trade P&L %
+0.70%
from signal to today
restricted Platinum content