Bullish option flow was detected in GOOG stock on March 15, 2022.
Bullish Option Flow
Make sure to review this lesson on option flow so that you understand the image above.
Google Cloud updates infrastructure capabilities and pricing
On March 14, 2022, Sachin Gupta, Vice President and GM, Google Cloud Infrastructure said partly, in an earlier blog posting: “Over the past several years, Google Cloud has made significant investments in our infrastructure product portfolio. We launched new Tau T2D VMs, which deliver 42% better price-performance vs. other leading cloud providers. We upgraded Cloud Storage to offer more flexibility to support customers’ enterprise and analytics workloads, with dual-region buckets and upcoming Turbo Replication. And we’ve delivered numerous improvements to our global network, including expansion to 29 cloud regions. However, from conversations with customers, we’ve also learned we can do more to align our capabilities and pricing with their varied workloads. So, today, we are announcing we will adjust our infrastructure product and pricing structure to give customers more choice in how they pay for what they use alongside new, flexible SKUs with new product options and capabilities…Today, we sent customers a six-month notice on the price changes, which go into effect on October 1, 2022. Customers under existing commit contracts with a floating or fixed discount will not face any changes until renewal. Some of these changes will provide new, lower-cost options and features for Google Cloud products. Other changes will raise prices on certain products.” Source: https://cloud.google.com/blog/products/infrastructure/updates-to-google-clouds-infrastructure-pricing
📺 What’s Wrong With Google Stock? | 2022 GOOG Stock Analysis
📉 GOOG Stock Technical Analysis
The short-term trend is negative, as is the long-term trend. Prices have been consolidating recently, but much resistance may still be present above. GOOG is part of the Interactive Media & Services industry. There are 78 other stocks in this industry. GOOG outperforms 94% of them.
There is support at 2593.20 from a horizontal line in the weekly time frame. There is also a support zone ranging from 2511.35 to 2529.29. This zone is formed by a combination of multiple trend lines in the daily time frame.
There is a resistance zone ranging from 2852.66 to 2860.32. This zone is formed by a combination of multiple trend lines in multiple time frames. There is another resistance at 2960.73 from a horizontal line in the daily time frame. Finally, there is resistance at 3014.18 from a horizontal line in the daily time frame.
Although the technical rating is bad, GOOG does present a nice setup opportunity. Prices have been consolidating lately. GOOG stock has a Setup Rating of 7 out of 10.