Time for Investors to Take the Plunge on Alphabet Inc. (NASDAQ:GOOGL)

Equity Research firms currently have a positive stance on shares of Alphabet Inc. (NASDAQ:GOOGL). The majority of analysts covering the equity have either a Buy or Strong Buy recommendation on the stock, yielding a consensus score of 1.80. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $938.55 on a short term basis.

At the time of writing, the stock was trading at $802.26. This represents a change from the opening price of -0.30%. In terms of performance, year to date, the stock is 2.88%. The monthly stock performance comes in at 1.13%. For the quarter, shares are performing at 13.55%. Weekly performance analysis shows the equity at -0.28%.

In taking a look at technical levels, shares are trading 0.60% away from the 50 day simple moving average and 6.62% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -2.05% away from it’s 52- week high and 22.58% away from its 52 week low. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. As of writing, Alphabet Inc.’s RSI stands at 49.51. In looking at volatility levels, the shares saw weekly volatility of 1.15% and 1.20% over the past month.

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