Alphabet Inc. GOOGL Stock Analysis

Alphabet Inc. stock trades under the ticker GOOGL & has shown recent bullish behavior amid market volatility that traders & investors should research further into.

GOOGL stock closed at $116.32/share on 7/29/2022.

Alphabet Inc. GOOGL Stock’s Technical Performance Broken Down

Alphabet Inc. GOOGL Stock's Technical Performance Over The Last Year

GOOGL Stock Price: $116.32

10 Day Moving Average: $111.51

50 Day Moving Average: $112.05

200 Day Moving Average: $130.47

RSI: 55.83

MACD: -0.181

On Friday, GOOGL stock completed a bullish MACD crossover, notching its third consecutive day of gains.

Their RSI is still neutral, and their recent trading volumes have been above average compared to the year prior, signaling that there may still be more near-term momentum.

They will need to remain above the $$115.40 support level, while they try to break above the $117.88 resistance level.

Alphabet Inc. GOOGL Stock As A Long-Term Investment

Long-term oriented investors will like GOOGL stock’s P/E (ttm) of 21.27, but may find their 5.83 P/B (mrq) to be a bit too high.

They recently reported 12.6% Quarterly Revenue Growth Y-o-Y, with -13.6% Quarterly Earnings Growth Y-o-Y.

Their balance sheet will delight investors, with $125B of Total Cash (mrq) & only $28.81B of Total Debt (mrq).

Unfortunately, GOOGL stock does not pay a dividend.

Regardless, 79.33% of GOOGL stock’s outstanding share float is owned by institutional investors.

Alphabet Inc. GOOGL Stock As A Short-Term Trade Using Options

Short-term focused traders can use options to protect themselves from market volatility, while also profiting from price movements in any direction for GOOGL stock.

I am looking at the contracts with the 8/19 expiration date.

The $115, $116 & $114 call options are all in-the-money, listed from most to least liquid strike price.

The $116.50, $117.50 & $117 puts are also all in-the-money, with the former having the highest level of open interest.

Tying It All Together

GOOGL stock offers investors many interesting opportunities for growth, while still maintaining some value characteristics.

Investors will like their valuation metrics & balance sheet, but will be disappointed by their lack of dividend.

However, should they instate a dividend that may signal that there is headwinds on the horizon or that they are not as confident in the ability to continue growing.

Traders will like their current technical set up, as well as the liquidity of their options.

All-in-all, GOOGL stock is worth taking a closer look into to see how it fits into your portfolio strategy.

*** I DO NOT OWN SHARES OF GOOGL STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***