GOOGLE weekly special report based On 1.00 Lot Calculation:
GOOGLE: ANALYSIS AND EVENTS
● Alphabet (GOOGLE) operates as a holding company. The company, through its subsidiaries, provides web-based search, advertisements, maps, software applications, mobile operating systems, consumer content, enterprise solutions, commerce and hardware products.
● GOOGLE market capitalization is around 1.60 trillion dollars. This makes Alphabet (Google) the world's 4th most valuable public company.
● EVENT, JULY 26, 2023 (Q2 EARNING REPORT) Alphabet is expected to announce its earning report on July 26, 2023. It is expected that earning per share will be around 1.454$ which would be an increase of 20.2% year on year.
● GOOGLE OPEN ARTIFICIAL INTELLIGENCE SOFTWARE BARD: Google Bard is a new chatbot tool launched in the wake of competitor artificial intelligence (AI) like ChatGPT. Unlike the OpenAI bot, Bard has access to all the information published on the web and can pull real-time statistics like weather info and events from other Google suite apps like Meetings, Activities, and more. On Jul 13, 2023 Google’s AI software Bard was launched in the EU.
● GOOGLEs COMPETITIVE ADVANTAGE, SYCAMORE, BRISTLECONE, QUANTUM COMPUTING PROCESSORS: Google had a history of developing and using quantum computing tools through its Quantum AI. If GOOGLE manages to connect its chatbot Bard with a quantum computing processor it will create a competitive advantage in its business.
● TECHNICAL ANALYSIS : According to Stochastic on a four hour graph, GOOGLE price is entering an oversold area which could imply trend reversal.
GOOGLE: PRICE ACTION
● THE STOCK HAS HAD A DOWNWARD CORRECTION OF AROUND 63% FROM IT'S ALL- TIME HIGH OF $150.71 (November 18, 2021). The stock fell to its lowest level after its 20:1 stock split on July 18, 2022 at 83.26$ in November 2022 . GOOGLE was last trading around $125.50, and if a full recovery follows recent all- time highs, the stock could see an upside of around 20.24%, however the price could decline further.
● ANALYST OPINION: Bernstein forecasts $125 a share. Goldman Sachs forecasts $140. Wells Fargo forecasts $116. City forecasts $130. Bloomberg one year price target consensus stands at 133.55$.
#GOOGLE, July 17, 2023
Current Price:125.50
|
|
Weekly |
|
Trend direction |
|
|
140.00 |
|
|
138.00 |
|
|
136.00 |
|
|
118.00 |
|
|
116.00 |
|
|
115.00 |
Example of calculation base on weekly trend direction for 1.00 Lot1
|
Pivot Points |
||||||
|
Profit or loss in $ |
1,450.00 |
1,250.00 |
1,050.00 |
-750.00 |
-950.00 |
-1,050.00 |
|
Profit or loss in €² |
1,290.38 |
1,112.40 |
934.41 |
-667.44 |
-845.42 |
-934.41 |
|
Profit or loss in £² |
1,107.37 |
954.63 |
801.89 |
-572.78 |
-725.52 |
-801.89 |
|
Profit or loss in C$² |
1,916.70 |
1,652.33 |
1,387.95 |
-991.40 |
-1,255.77 |
-1,387.95 |
1. 1.00 lot is equivalent of 100 units
2. Calculations for exchange rate used as of 10:03 (GMT) 17/07/2023
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