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Google stock analysis

24.05.2021

Market Review

 

Google's stock was able to return to the upside and breach the resistance level 2293.00, thus confirming the bullish path and the end of the correction.

The moving averages support the upward movement of the stock which is moving below the price, as the 50 average moves near the support level 2210.00 and forms the first major support levels for the price.

The stochastic oscillator is oscillating within a sideways path near the oversold area, in an attempt to support the price for a further increase

We have a major resistance level at the area of 2400.00 and a support level at the area of 2210.00, and these two levels will be the main targets of the price action.

General direction of movement: An upward path

Author: Simon_Grigorenko
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