Thursday, September 30, 2010

Google New (Video) *The Place to Find Everything New from Google*

GOOG!


Google: How Many Products and Features?


Google New: The Place to Find Everything New from Google

Who knows how many products and features Google has to offer? Google has a new site, Google New, where the latest products and features are showcased: http://www.google.com/newproducts

(Google) Introducing the one place to find the newest product and features from Google:




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Google & technology news plus GOOG stock analysis. Select USA & global economic news.


GOOG!

Monday, September 27, 2010

Bet on Google Before Apple (Video) *GOOG vs AAPL*

GOOG!


Google and Apple Compete in Mobile Advertising, TV, and Smartphones


Bet on Google Before Apple

As noted in previous posts, Apple and Google are two tech giants that are now competing directly against each other. Both have been in the news this month: the Google Instant Search Launch on September 8 and the Apple Special Event on September 1. There is Google TV and Apple TV, Google Android and Apple iOS, Google AdMob and Apple iAd. Will one company, and one stock, perform better in the long-term? GOOG or AAPL?

(TheStreet) TSC contributor Don Reisinger explains why savvy tech investors should pick Google over Apple every time.




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Google & technology news plus GOOG stock analysis. Select USA & global economic news.


GOOG!

Google Regains 200 Day Average (Charts) GOOG

GOOG


Google Celebrates a 12th Birthday on September 27, 2010


Google Overview

GOOG Google closed above the 200 day simple moving average on Friday, September 24, at $527.29, although the 200d sma descended to meet GOOG. Nonetheless, Google is up a credible +7.68% for the week and up a healthy +17.28% for the month, but down -14.87% for the year. GOOG is still up a market-beating +81.44% since the March 9, 2009 market bottom. This equates to a gain of +$37.64 for the week, an impressive +$77.77 for the month, a painful -$92.19 for the year, and an amazing +$236.90 since the March 9, 2009 market bottom. GOOG is down a dismal -15.79% or (ouch!) -$98.96 from the 2010 YTD high of $626.75 on January 4.

S&P 500 By comparison, the overall market, the S&P 500 closed up +23.08 and +2.05% for the week at 1148.67 on Friday, September 24, 2010. The S&P 500, SPX, is up +9.47% for the month, up +3.01% for the year, and up +69.79% since the March 9, 2009 market bottom. SPX is down -5.64% from the April 23, 2010 YTD closing high of 1217.28. The SPX is now above the trading range that began on May 18. So, GOOG has been under performing the market YTD in 2010. GOOG has now outperformed the market since the March 9, 2009 market bottom and during this current September Rally. A review of the S&P 500 (S&P 500 Gains for 4th Consecutive Week!) is here.

Death Crosses A third Death Cross occurred on June 4, the 100 day simple moving average crossed below the 200 day simple moving average. Previously, the 50 day simple moving average crossed below the 200 day simple moving average - the Death Cross or Black Cross, on May 25. Earlier, the 50d sma had crossed below the 100d sma on March 4. However, the 50d sma is now ascending and should cross above the 100d sma soon, reversing one of these Death Crosses.

Google News and Fundamentals Google reported Q2 earnings in July and the financial results were very good, but below expectations. GOOG's problem is growth, that is, Google is becoming so large that the heady growth rates of the past cannot be maintained. Hence, the stock had been drifting, without direction, due to uncertainty on current and future growth rates. However, GOOG has risen with the September Stock Market Rally. GOOG is currently trading at 22.81 PE (ttm) with an EPS of 23.11. GOOG has been trading for most of 2010 with a PE in the low 20s. Even now, the current GOOG price of $527.79 appears low, yet reflects uncertainty over the future growth rate.

Economic and Market News Information about the USA and world economies is posted at Boom Doom Economy and Matrix Markets.


Google Regains 200 Day Moving Average

Google Daily Chart Below is the GOOG daily chart for 2010. A monthly chart is included at the bottom of this page for a broader perspective.

Noteworthy Closing Prices on Daily Chart Below
Current $527.29
2010 YTD High, January 4: $626.75
2010 YTD Low, July 6: $436.07
YE December 31, 2009: $619.98

Trading Range GOOG began a trading range after the 2010 YTD closing low on July 6 of $436.07. The highest closing price subsequently had been 508.10 on August 5 (the highest yellow horizontal line on the daily chart below). The lowest closing price since has been 436.07 on July 6 (the lowest yellow horizontal line on the daily chart below). GOOG had been in this trading range since breaking down on May 18. GOOG rallied up to the top of the trading range on Monday, September 20, then rose above on Tuesday, September 21, has been above since, and negated the trading range.


Intermediate-Term Trend The intermediate-term signal, the comparison of the 25 day and 50 day simple moving averages, generated a sell signal on September 9. That is, the 50d sma is greater than the 25d sma. Previously, a buy signal had been in effect since August 6. However, the relationship between these two moving averages is a lagging indicator, is mostly neutral to bullish and/or negated in a trading range pattern, and have not caught up with the September Rally.

Resistance Because GOOG is below the YTD and all-time high, there are multiples levels of resistance above. Higher up are the March 11 and April 15 peaks of 581.14 and 595.30, respectively. The current price has rallied above very key resistance, the close on July 15 (494.02) just before Q2 financial results were reported. GOOG is now valued higher than the "disappointing" Q2 results. GOOG continues well below the January 4, 2010 YTD closing high and the 12-31-09 YE close of 626.75 and 619.98, respectively, both now important, and still far away, resistance and benchmark prices.

Support Because GOOG is above the YTD lows, there are multiple levels of support below. The descending 200 day simple moving average (523.89) was resistance but is now recent support. The top of the recent trading range, 508.10 on August 5, is benchmark support. Further below, the regained descending 100 day simple moving average 483.19 and the ascending 50d sma (482.29) are support.

Moving Averages GOOG has now regained all the moving averages on the daily chart above: the 25, 50, 100, and 200 day simple moving averages. The 25d sma is now ascending and should regain the 50d and 100d sma's soon. The 50d bottomed on September 8 and is now ascending, but still below the 100d and 200d sma's. The 50d sma should cross above the 100d sma soon. The 100d continues descending and is below the 200d. The 200d is descending showing the price damage GOOG has suffered this year that this September Rally is slowly mending.

Uptrend Line The yellow uptrend line, a rate of price ascent, is from the November 24, 2008 closing low of 257.44 up through the July 6, 2010 YTD closing low of 436.07. GOOG broke down through this trendline on August 30 and 31, but bounced above on September 1 and has remained above since.

Downtrend Line The yellow downtrend line, a rate of price descent, is from approximately the November 6, 2007 all-time closing high of 741.79 down through the January 4, 2010 high of 626.75, the peak YTD closing high so far. GOOG continues well below this downtrend line.

Relative Strength Index (RSI) The RSI 14 day = 86.73 is overbought and well above the recent low of 17.01 on August 24 and the unbelievable low of 4.79 on July 6. A 2010 YTD high of 90.15 was reached on September 21. The RSI 28 day = 62.30 is ascending towards oversold, but is above 38.28 and 38.94 on August 31 and 24 and also above 2010 lows in the mid-20s. The RSIs have been pushed upwards by this September Rally yet there is some remaining upside.

MACD (12,26,9) The MACD = a very high +6.01 and flipped to bullish on September 7. Previously the MACD had been bearish since August 13. The MACD has been generally uptrending since August 26.

Volume GOOG traded 3.4M shares on Friday, September 24.  The 20 day moving average is approximately 2.65M. Volume spiked as GOOG reached and surpassed the top of the trading range. However, volume did drop below the 20d ma afterwards.

Long-Term Trend The 10 month exponential moving average of 496.74 is a long-term indicator and shown on the monthly chart below. That is the line in the sand, so to speak, for the long term signal of a bull or bear market. GOOG rallied above this indicator this past week. GOOG has been mostly below this long term bear signal since May.

Conclusion The Q2 financial results, reported in July, disappointed but were more mixed than totally disappointing. Google is still an extraordinary cash flow machine! GOOG continues in an intermediate term neutral market and a long term neutral  to (now) bullish market. GOOG has struggled below $500, the Bear Abyss, until this past week. GOOG has rallied comparably with the market, actually better. The moving averages reveal the price weakness and include three Death Crosses. GOOG has surprisingly rallied above the recent trading range, may have a sustained upside breakout, and is finally getting some respect!


Google Monthly Chart

Below is the monthly GOOG chart since January 2005. The overall analysis and commentary is the same as for the daily chart above. The current price, the yellow horizontal lines, and the yellow uptrend and downtrend lines are the same, and as described, on the daily chart above. The white moving average line is the 10 month exponential moving average 496.74, which is the long-term bull or bear market signal. GOOG rallied above 10m ema this week with a close on Friday, September 24 of 527.79. GOOG has stayed mostly below the 10m ema since May 2010 indicating a long-term bear market.



About Google
Google market capitalization is now 12th largest in USA at $168.05B, behind #1 Exxon $314.42B and #2 Apple $267.05B. Google is the 4th largest technology company in USA by market capitalization behind Apple, Microsoft, and IBM. Google reported Q2 financial results of $6.82B in Revenues and $1.84B in GAAP Net Income. GOOG last 12 months sales were $23.65B.


Related Articles and Links
*****Recent Osprey Flyer posts*****
Apple iOS Maintains Lead in August 2010 Mobile Web Consumption (Chart)
Apple vs. Google in Mobile Advertising (Video)
Apple TV vs. Google TV (Video)
*****Recent Posts by Matrix Markets*****
S&P 500 Gains for 4th Consecutive Week! (Charts)
*****Recent Posts by Google Investor*****
Google's Future (Video) *Co-Founder Sergey Brin: Instant Search, Google TV, Mobile*
Google TV to Launch in USA This Year (Videos) GOOG
Make Phone Calls From Google Gmail (Video)
Google Acquires Metaweb (Video)
Google Q2 Earnings Call & Review (Video)


Disclosure
We have no position in GOOG.


Follow Google Investor On Twitter!


GOOG

Saturday, September 18, 2010

Google Regains 100 Day Moving Average (Charts) GOOG

GOOG


Marissa Mayer, Google Vice President of Search Products & User Experience was among those launching Google Instant Search on September 8,  2010


Google Overview

GOOG Google closed above the 100 day simple moving average on Friday, September 17, at $490.15, although the 100d sma is descending to meet GOOG. Nonetheless, Google is up +2.94% for the week and up +8.92% for the month, but down -20.94% for the year. GOOG is still up +68.50% since the March 9, 2009 market bottom. This equates to a positive +$14.01 for the week, an impressive +$40.13 for the month, a painful -$129.83 for the year, and an amazing +$199.26 since the March 9, 2009 market bottom. GOOG is down a dismal -21.79% or (ouch!) -$136.60 from the 2010 YTD high of $626.75 on January 4.

S&P 500 By comparison, the overall market, the S&P 500 closed up +16.04 and +1.45% for the week at 1125.59 on Friday, September 17, 2010. The S&P 500, SPX, is up +7.27% for the month, up +0.94% for the year, and up +66.38% since the March 9, 2009 market bottom. SPX is down -7.53% from the April 23, 2010 YTD closing high of 1217.28. So, GOOG has been under performing the market YTD in 2010. GOOG has been comparable to the the market since the March 9, 2009 market bottom and during this current September Rally. A review of the S&P 500 (S&P 500 Rallies Above 200 Day Moving Average) is here.

Death Crosses A third Death Cross occurred on June 4, the 100 day simple moving average crossed below the 200 day simple moving average. Previously, the 50 day simple moving average crossed below the 200 day simple moving average - the Death Cross or Black Cross, on May 25. Earlier, the 50d sma had crossed below the 100d sma on March 4. However, the 50d sma is now ascending and should cross above the 100d sma soon.

Google News and Fundamentals Google reported Q2 earnings in July and the financial results were very good, but below expectations. GOOG's problem is growth, that is, Google is becoming so large that the heady growth rates of the past cannot be maintained. Hence, the stock is drifting, without direction, due to uncertainty on current and future growth rates. "General malaise" comes to mind with GOOG. GOOG is currently trading at 21.21 PE (ttm) with an EPS of 23.11. GOOG has been trading for most  of 2010 with a PE in the low 20s. Even now, the current GOOG price of $490.15 appears low, yet reflects uncertainty over the future growth rate.

Economic and Market News Information about the USA and world economies is posted at Boom Doom Economy and Matrix Markets.


Google Regains 100 Day Moving Average

Google Daily Chart Below is the GOOG daily chart since early May 2010. A monthly chart is included at the bottom of this page for a broader perspective.

Noteworthy Closing Prices on Daily Chart Below
Current $490.15
2010 YTD High, January 4: $626.75
2010 YTD Low, July 6: $436.07
YE December 31, 2009: $619.98

Trading Range GOOG began a trading range after the 2010 YTD closing low on July 6 of $436.07. The highest closing price subsequently has been 508.10 on August 5 (the highest yellow horizontal line on the daily chart below). The lowest closing price since has been 436.07 on July 6 (the lowest yellow horizontal line on the daily chart below). However, GOOG has been in this trading range since breaking down on May 18. Based on these parameters, the GOOG at $490.15 has now ascended above the midway point in the trading range. Support was shown at 451.39, 450.98, and 450.02 on August 23, 26, and 31 GOOG, and the market, rallied above. This support area could be argued as the "new bottom" of the trading range.


Intermediate-Term Trend The intermediate-term signal, the comparison of the 25 day and 50 day simple moving averages, generated a sell signal on September 9. That is, the 50d sma is greater than the 25d sma. Previously, a buy signal had been in effect since August 6. However, the relationship between these two moving averages is a lagging indicator, is mostly neutral and/or negated in a trading range pattern, and have not caught up with the September Rally.

Resistance Because GOOG is below the YTD and all-time high, there are multiples levels of resistance above. The close on July 15 just before Q2 financial results were reported is the nearest benchmark resistance at 494.02. The recent closing highs of 505.35 and 508.10 on August 9 and 5 are resistance and milestone prices. These prices are the first of many levels of resistance above that GOOG needs to regain and close above. The descending 200 day simple moving average is still high above at 525.65. GOOG continues well below the January 4, 2010 YTD closing high and the 12-31-09 YE close of 626.75 and 619.98, respectively, both now important, and far away, resistance and benchmark prices.

Support Because GOOG is above the YTD lows, there are multiple levels of support below. The recently regained descending 100 day simple moving average is nearest, and important  support, at  483.65. The ascending 50d sma (479.08) should eventually come into play. The recent closing lows of 451.39, 450.98, and 450.02 on August 23, 26, and 31 are key support as the recent bottom. Ultimate support is the 2010 YTD closing low of 436.07 on July 6. That's the goal line stand for GOOG, of  course.

Moving Averages GOOG has now regained the 25, 50, and 100 day simple moving averages, but remains below the distant 200d sma. The 25d sma is descending but beginning to level off and below the 50d, 100d and 200d sma's. The 50d bottomed on September 8 and is now ascending, but still below the 100d and 200d sma's. The 50d sma should cross above the 100d sma soon. The 100d continues descending and is below the 200d. The 200d is descending and barely on the chart in the upper right hand corner.

Uptrend Line The yellow uptrend line, a rate of price ascent, is from the November 24, 2008 closing low of 257.44 up through the July 6, 2010 YTD closing low of 436.07. GOOG broke down through this trendline on August 30 and 31, but bounced above on September 1 and has remained above.

Downtrend Line (not on chart) The yellow downtrend line, a rate of price descent, is from approximately the November 6, 2007 all-time closing high of 741.79 down through the January 4, 2010 high of 626.75, the peak YTD closing high so far. GOOG continues well below this downtrend line.

Relative Strength Index (RSI) The RSI 14 day = 74.28 is overbought and well above the recent low of 17.01 on August 24 and the unbelievable low of 4.79 on July 6. The RSI 28 day = 44.85 is leaning oversold, but is above 38.28 and 38.94 on August 31 and 24 and also above 2010 lows in the mid-20s. The RSIs are above the YTD lows with plenty of upside.

MACD (12,26,9) The MACD = +3.33 and flipped to bullish on September 7. Previously the MACD had been bearish since August 13. The MACD has been generally uptrending since August 26.

Volume GOOG traded a huge 5.6M shares on Friday, September 17 as the stock rose +$9.09 and +1.89%. This was the highest daily volume since July 16, the day after the Q2 earnings release. The 20 day moving average of approximately 2.5M. Volume has been low and trended downwards since July 16, the day after the Q2 earnings release, as noted.

Long-Term Trend The 10 month exponential moving average of 489.99 is a long-term indicator and shown on the monthly chart below. That is the line in the sand, so to speak, for the long term signal of a bull or bear market. GOOG continues below this indicator. GOOG has been mostly below this long term bear signal since May and now is just at the 10m ema at 490.15.

Conclusion The Q2 financial results, reported in July, disappointed but were more mixed than totally disappointing. Google is still an extraordinary cash flow machine! GOOG continues in an intermediate term bear to neutral market and a long term bear to neutral market. GOOG has struggled below $500, the Bear Abyss. GOOG has rallied comparably with the market, actually slightly better. The moving averages reveal the price weakness and include three Death Crosses. GOOG appears to be in a trading range for the foreseeable future.


Google Monthly Chart

Below is the monthly GOOG chart since January 2005. The overall analysis and commentary is the same as for the daily chart above. The current price, the yellow horizontal lines, and the yellow uptrend and downtrend lines are the same, and as described, on the daily chart above. The white moving average line is the 10 month exponential moving average 489.99, which is the long-term bull or bear market signal. GOOG is just at the 10m ema with a close on Friday, September 17 of 490.15. GOOG has stayed mostly below the 10m ema since May 2010 indicating a long-term bear market.



About Google
Google market capitalization is 14th largest in USA at $156.21B, behind #1 Exxon $309.48B and #2 Apple $251.57B. Google is the 4th largest technology company in USA by market capitalization behind Apple, Microsoft, and IBM. Google reported Q2 financial results of $6.82B in Revenues and $1.84B in GAAP Net Income. GOOG last 12 months sales were $23.65B.


Related Articles and Links
>>>Recent Osprey Flyer posts<<<
Apple iOS Maintains Lead in August 2010 Mobile Web Consumption (Chart) *Google Android #2*
Apple vs. Google in Mobile Advertising (Video) *Who Will Win?*
Apple TV vs. Google TV (Video) *Who Will Win?*
>>>Recent Matrix  Markets posts<<<
S&P 500 Rallies Above 200 Day Moving Average (Charts) *Remains in summer trading range*
>>>Recent Google Investor posts<<<
Google's Future (Video) *Co-Founder Sergey Brin: Instant Search, Google TV, Mobile*
Google TV to Launch in USA This Year (Videos) GOOG
Make Phone Calls From Google Gmail (Video)
Google Acquires Metaweb (Video)
Google Q2 Earnings Call & Review (Video)
 
 
Disclosure
We have no position in GOOG.


Follow Google Investor On Twitter!


GOOG

Wednesday, September 15, 2010

Google's Future (Video) *Co-Founder Sergey Brin: Instant Search, Google TV, Mobile*

GOOG!


Google Instant Search: Launch and Demo in San Francisco on September 8, 2010


Google Instant Search to Increase Users and Advertising Revenue

At the launch of Google Instant Search on September 8, Google Inc. co-founder Sergey Brin talked about the new, faster Google Instant Search, Google TV, what Google is trying to do, and the future of Google. Google Instant Search should increase usage and the number  of users. Brin talks about having Google Instant Search via Google TV on your flat screen, an "exciting potential" - a "proper, capable web browser on your TV". He states, "what you are seeing is the evolution of a more and more exciting and dynamic industry".

Brin states that the reason Google is getting into all these areas (mobile, TV) is to provide user-focused products and services. Google is partnering and overlapping with a lot of companies. Google tries to build things that affect a billion people or more. Google wants to touch the lives of as many people as possible. With regards to Apple, Brin says he's "excited" by their success, all their new devices, and the change from the "monotone" desktop landscape of ten years ago. Sergey Brin says he's excited about Google's ability to bring Google services to people wherever they are including mobile phones and TV or more traditionally on desktops and laptops.

New Google products, of course, provide additional advertising platforms which then provides advertising revenue. 96% of Google's revenues come from advertising. Google TV obviously has a tremendous upside potential and Apple TV is already available. Google TV should be available in 2010.


Google's Brin Says Instant Search to Draw More Users

(Bloomberg) -- Google Inc. co-founder Sergey Brin talks with Bloomberg's Cris Valerio about how the owner of the world's most popular search engine unveiled a faster Internet search feature that gives users results as they type in requests.



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Apple, Google, Baidu, China, technology, financial system, stocks, markets, economy, science, environment, future


Follow Google Investor (@GoogleInvestoron Twitter!
Google & technology news plus GOOG stock analysis. Select USA & global economic news.


GOOG!

Saturday, September 11, 2010

Google Rallies Above 50 Day Moving Average (Charts) GOOG

GOOG


Google CEO Eric Schmidt introduced Google TV at the Google I/O Conference in May 2010. He reiterated on September 7 that Google TV will be available later in 2010. Apple TV and Google TV will compete with each other by the Holidays.


Google Overview

GOOG Google closed above the 50 day simple moving average on Thursday, September 9, although admittedly the 50d sma dipped to meet GOOG, lol. Nonetheless, Google is up +1.24% for the week and up +5.80% for the month, but down -23.20% for the year. GOOG is still up +63.68% since the March 9, 2009 market bottom. This equates to a positive +$5.84 for the week, an impressive +$26.12 for the month, a painful -$143.84 for the year, and an amazing +$185.25 since the March 9, 2009 market bottom. GOOG is down a dismal -24.03% or (ouch!) -$150.61 from the 2010 YTD high of $626.75 on January 4.

S&P 500 By comparison, the overall market, the S&P 500, SPX, is up +0.46% for the week, up +5.74% for the month, down -0.50% for the year, and up +64.01% since the March 9, 2009 market bottom. In addition, SPX is down -8.85% from the April 23, 2010 YTD closing high of 1217.28. So, GOOG has been under performing the market YTD in 2010. GOOG has been comparable to the the market since the March 9, 2009 market bottom and during this current rally. A review of the S&P 500 (S&P 500 Regains 100 Day Moving Average) is here.

Death Crosses A third Death Cross occurred on June 4, the 100 day simple moving average crossed below the 200 day simple moving average. Previously, the 50 day simple moving average crossed below the 200 day simple moving average - the Death Cross or Black Cross, on May 25. Earlier, the 50d sma had crossed below the 100d sma on March 4. GOOG YTD closing low was on July 6 at 436.07.

Google News and Fundamentals Google reported Q2 earnings in July and the financial results were very good, but below expectations. GOOG's problem is growth, that is, Google is becoming so large that the heady growth rates of the past cannot be maintained. Hence, the stock is drifting, without direction, due to uncertainty on current and future growth rates. "General malaise" comes to mind with GOOG. GOOG is currently trading at 20.60 PE (ttm) with an EPS of  23.11. GOOG has been trading with a PE in the low 20s, which makes the current GOOG price of $476.14 probably a little low, yet reflects uncertainty over future the future growth rate.

Economic and Market News Information about the USA and world economies is posted at Boom Doom Economy and Matrix Markets.


Google Rallies Above 50 Day Moving Average

Google Daily Chart Below is the GOOG daily chart since early May 2010. A monthly chart is included at the bottom of this page for a broader perspective.

Noteworthy Closing Prices on Daily Chart Below
Current $476.14
2010 YTD 1-4-10 High $626.75
2010 YTD 7-6-10 Low $436.07
YE 12-31-09 $619.98
10 Month EMA $487.44

Trading Range GOOG begin a trading range after the 2010 YTD closing low on July 6 of $436.07. The highest closing price subsequently has been 508.10 on August 5 (the highest yellow horizontal line on the daily chart below). The lowest closing price since has been 436.07 on July 6 (the lowest yellow horizontal line on the daily chart below). However, GOOG has been in this trading range since breaking down on May 18. Based on these parameters, the GOOG at $476.14 has now ascended to the midway point in the trading range. Support was shown at 451.39, 450.98, and 450.02 on August 23, 26, and 31 GOOG, and the market, rallied above. This support area could be argued as the "new bottom" of the trading range.


Intermediate-Term Trend The intermediate-term signal, the comparison of the 25 day and 50 day simple moving averages, generated a sell signal on September 9. That is, the 50d sma is greater than the 25d sma. Previously, a buy signal had been in effect since August 6. However, the lack of a trend is rendering the intermediate-term signal more neutral than clearly buy or sell.

Resistance Because GOOG is below the YTD and all-time high, there are multiples levels of resistance above. The close on July 15 just before Q2 financial results were reported is benchmark resistance at 494.02. The recent closing highs of 505.35 and 508.10 on August 9 and 5 are resistance and milestone prices. These prices are the first of many levels of resistance above that GOOG needs to regain and close above. GOOG is well below the January 4, 2010 YTD closing high and the 12-31-09 YE close of 626.75 and 619.98, respectively, both now important, and far away, resistance and benchmark prices.

Support Because GOOG is above the YTD lows, there are multiple levels of support below. The recently regained 50 day simple moving  average (475.17) is nearest, and important, support. The recent closing lows of 451.39, 450.98, and 450.02 on August 23, 26, and 31 are key support as the recent bottom. Ultimate support is the 2010 YTD closing low of 436.07 on July 6. That's the goal line stand for GOOG.

Moving Averages GOOG has now regained the 50 day simple moving average yet is below the 25d, 100d, and 200d sma's. The 25d sma is descending sharply and below the 50d, 100d and 200d sma's. The 50d bottomed on September 8 and is now ascending, but still below the 100d and 200d sma's. The 100d is descending sharply and below the 200d. The 200d is descending and barely on the chart in the  upper right hand corner.

Uptrend Line The yellow uptrend line, a rate of price ascent, is from the November 24, 2008 closing low of 257.44 up through the July 6, 2010 YTD closing low of 436.07. GOOG broke down through this trendline on August 30 and 31, but bounced above on September 1 and has remained above.

Downtrend Line (not on chart) The yellow downtrend line, a rate of price descent, is from approximately the November 6, 2007 all-time closing high of 741.79 down through the January 4, 2010 high of 626.75, the peak YTD closing high so far. GOOG continues well below this downtrend line.

Relative Strength Index (RSI) The RSI 14 day = 59.26 is increasing and well above the recent low of 17.01 on August 24 and the unbelievable low of 4.79 on July 6. The RSI 28 day = 45.59 is leaning oversold and leveled off, but is above 38.28 and 38.94 on August 31 and 24 and also above 2010 lows in the mid-20s. The RSIs are above the YTD lows with plenty of upside.

MACD (12,26,9) The MACD is flipped to bullish on September 7. Previously the MACD had been bearish since August 13. The MACD has been uptrending since August 26.

Volume GOOG traded 2.0M shares on Friday, September 10 and is below the the 20 day moving average of approximately 2.36M. Volume has been low and trended downwards since July 16, the day after the Q2 earnings release.

Long-Term Trend The 10 month exponential moving average of 487.44 is a long-term indicator and shown on the monthly chart below. That is the line in the sand, so to speak, for the long term signal of a bull or bear market. GOOG continues below this indicator. GOOG has been mostly below this long term bear signal since May.

Conclusion The Q2 financial results, reported in July, disappointed but were more mixed than totally disappointing. GOOG continues in an intermediate term bear to neutral market and a long term bear market. GOOG has struggled below $500, the Bear Abyss. GOOG rallied with the market recently. The moving averages reveal the price weakness and include three Death Crosses. GOOG appears to be in a trading range for the foreseeable future.


GOOG Monthly Chart

Below is the monthly GOOG chart since January 2005 for a long-term perspective. The overall analysis and commentary are the same as for the daily chart above. GOOG appears to be in a trading range, indicated by the higher and lower yellow horizontal lines. The yellow downtrend and uptrend lines are the same, and as described, on the daily chart above. The white moving average line is the 10 month exponential moving average, which is the long-term bull or bear market signal, as discussed above with the daily chart.



About Google
Google market capitalization is 14th largest in USA at $151.75B, behind #1 Exxon $311.62B and #2 Apple $240.64. Google is the 4th largest technology company in USA by market capitalization behind Apple, Microsoft, and IBM. Google reported Q2 financial results of $6.82B in Revenues and $1.84B in GAAP Net Income. GOOG last 12 months sales were $23.65B.


Disclosure
We have no position in GOOG.


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