Alphabet shares are taking off again

Securities of the US internet giant alphabet (formerly Google) are very strong again this week and are trending north with great strides. This could start an immediate summit storm and continue the success story.

But as early as next week (due date October 29) the tech group will put fresh quarterly figures on the table and must also be able to fundamentally underpin the advance praise. Technically, the course of the share price is coherent, this week’s weekly candle has so far presented itself as a bullish hammer, the initial weak phase has been shaken off. The support of 1,530 US dollars also contributed to a continuation of the trend and now suggests a summit storm. On the other hand, the outcome of the US presidential elections could provide negative impetus; the markets are currently pricing in an election victory for the incumbent Trump, while market observers expect discounts under the challenger Biden.

Light and shadow

In the few days left before the US election, the paper could be from alphabet Pull up even further, the next targets can be derived at 1,643 and at the annual highs at 1,730 US dollars for the bullish variant. The prerequisite for this would be a clear weekly closing price above the price mark of 1,587 US dollars. A bearish scenario, on the other hand, outlines a possible sell-off of the alphabet-Share back to support level at $ 1,530. Below that, however, the 50-week average at currently 1,410 US dollars (rising) and the short-term upward trend there would have to be used as support. The markets are likely to remain volatile.

  • Resistances: 1,615; 1,630; 1,650; 1,671; 1,708; $ 1,730
  • Supports: 1,587; 1,575; 1,549; 1,530; 1,510; $ 1,471

alphabet in US dollars in the daily chart; 1 candle = 1 day (logical candle chart display)

Observation period: 06.01.2020 – 22.10.2020. Historical considerations are not reliable indicators for future developments. Source:

alphabet in US dollars in the weekly chart; 1 candle = 1 week (logical candle chart display)

Observation period: 19.10.2015 – 19.10.2020. Historical considerations are not reliable indicators for future developments. Source:
Products based on Alphabet’s stock and other underlying assets can be found at:

NEW: Cashback trading – when the issuer pays my order fees!

Place the order as usual through your broker or bank. Cashback via the free Cashbuzz app or online via the website activate. Credit of up to 50 euros per trade (for trades from 1,000 euros) up to a maximum of 1,000 euros per month. Further information at:

Please note the important information and the disclaimer.

This information does not constitute investment advice, but advertising. The public offer is made exclusively on the basis of a securities prospectus approved by the Federal Financial Supervisory Authority (“BaFin”). Approval of the prospectus should not be understood as a recommendation to purchase these UniCredit Bank AG securities. The prospectus including any supplements is decisive and the Final Terms. It is recommended that you read these documents carefully before making any investment decision in order to fully understand the potential risks and opportunities when making an investment decision. You are about to acquire a product that is not easy and can be difficult to understand.

How the HVB products work

The Alphabet share is starting again first appeared on onemarkets blog (HypoVereinsbank – UniCredit Bank AG).

Note: PERSONAL-FINANCIAL.COM publishes analyzes, columns and news from various sources in this section. PERSONAL-FINANCIAL.COM AG is not responsible for content that is recognizable as being posted by third parties in the “News” area of ​​this website and does not adopt it as its own. This content can be identified in particular by a corresponding “from” label below the article heading and / or by the link “To read the full article, please click here.”; The named third party is solely responsible for this content.


Related Articles

Back to top button