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A Look at Alphabet’s MACD and RSI

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Nov. 27 2019, Updated 6:55 p.m. ET

MACD

On May 12, 2017, Alphabet’s (GOOGL) seven-day MACD (moving average convergence divergence) was ~22.7. On the same date, its peers Amazon (AMZN), Alibaba (BABA), eBay (EBAY), and Square (SQ) reported MACD readings of 17.0, ~2.5, -0.02, and 0.61, respectively. The MACD is the difference between a company’s short-term and long-term moving averages.

For the last 14 days, Alphabet reported a relative strength index (or RSI) of 90 compared to the respective RSI readings of 78, 78, 74, and 78 reported by Alibaba, eBay, Square, and Amazon. Generally, if a company’s RSI is above 70, it indicates the stock is overbought. An RSI below 30 suggests the stock has been oversold.

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Median target estimate

A price target refers to a projected price level for a stock set by an adviser or investment analyst. If achieved, the price target could yield the highest level of returns from the investment. Alphabet’s (GOOGL) price target for this quarter has been set at $1,035.

50-day moving averages

On May 12, 2017, Alphabet was trading ~11.7% above its 50-day moving average. Compared to its peers, Amazon traded ~8.1% above its 50-day moving average on the same date, and Alibaba traded 9.4% above its 50-day moving average.

On May 12, eBay traded ~3.2% above its 50-day moving average, and Square traded ~11.6% above its 50-day moving average.

Market capitalization

Alphabet’s (GOOGL) market cap was ~$652.3 billion at the close of the May 12 trading session. Market capitalization represents the market value of a company at a particular time, which is calculated as shares outstanding of a publicly traded company, multiplied by its stock price.

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