Google Stock Analysis 04.12.2018

Google shares closed yesterday's session down from the opening level after opening trading with a bullish price gap.

Where the stock opened the trading at 1122.70 and achieved the highest price at 1133.36 and closed at 1106.50 after reaching the lowest price at 1102.94, but the price is still higher than last week's closing and could not close the full price gap waiting for what will happen in today's session.

The price is currently trading above the 50-hour moving average which is at the close of the previous week. It is therefore far from correct that the price corrects the rise to the SMA50 level and then the continuation of the bullish path which began on November 20, 2018.

Stochastic is in the overbought area and gives a bearish cross but it is still in that area that is a sign of correction.

The MACD is still below the zero line but signals that the price has started to rise and is heading out of the negative territory below the zero line.

The trading range for today is among the key support at 109.26 and the key resistance at 1156.4

Support and resistance:

Support: 1095.26-1069.27-1037.6;

Resistance: 1156.4-1195.7-1237.5.