Investors can use this prediction interface to forecast Alphabet historic prices and determine the direction of Alphabet Inc future trends based on various well-known forecasting models. However looking at historical price movement exclusively is usually misleading. Macroaxis recommends to always use this module together with analysis of Alphabet historical fundamentals such as revenue growth or operating cash flow patterns. Although naive historical forecasting may sometimes provide an important future outlook for the firm we recommend to always cross-verify it against solid analysis of Alphabet Inc systematic risks associated with finding meaningful patterns of Alphabet fundamentals over time. Please also check Historical Fundamental Analysis of Alphabet
to cross-verify your projections.
Alphabet Inc has current Daily Balance Of Power of (0.24)
. Balance of Power indicator (or BOP) measures the strength of Alphabet Inc market sensitivity to bulls and bears. It estimates the ability of Alphabet buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring Alphabet Balance of Power indicator one can determine a trend of the price direction.
Alphabet Trading Date Momentum
|On March 24 2017 Alphabet Inc was traded for 814.43 at the closing time. The top price for the day was 821.93 and the lowest listed price was 808.89 . The trading volume for the day was 2 M. The trading history from March 24, 2017 did not affect price variability. The overall trading delta against the current closing price is 0.69% . |
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.