Alphabet Q4 Earnings Preview: Bullish Trend Just Getting Started?

Alphabet Inc GOOGL GOOG will be reporting its fourth-quarter earnings on Tuesday. Wall Street expects $2.13 in EPS and $96.56 billion in revenues as the company reports after market hours.

The stock is up 41.10% over the past year, 7.02% YTD.

Let’s look at what the charts indicate for Alphabet stock and how the stock currently maps against Wall Street estimates.

Read Also: Mexican President Asks Google Not To Rename Gulf Of Mexico, Takes A Swipe At Trump Decision By Asking For ‘Mexican America’

Alphabet Stock Strongly Bullish Ahead Of Q4 Earnings

Alphabet stock is currently in a strongly bullish trend, with its share price of $202.73 comfortably above its key exponential moving averages (EMAs) for five, 20 and 50 days. This indicates solid upward momentum and suggests that the stock could continue to outperform in the near term.

Chart created using Benzinga Pro

Short-term bullish signals are further supported by Alphabet stock trading above its eight-day simple moving average (SMA) of $198.54, 20-day SMA of $196 and 50-day SMA of $187.86. These SMA levels confirm strong buying momentum and indicate the potential for continued upward movement.

Additionally, Alphabet stock remains well above its 200-day SMA of $174.00, reinforcing long-term strength.

The Moving Average Convergence Divergence (MACD) indicator is at 3.37, signaling further bullish momentum, while the Relative Strength Index (RSI) at 61.64 indicates that the stock is not yet overbought, leaving room for continued growth.

Alphabet stock investors should consider the current trend as favorable, but also monitor for any signs of overheating or correction if RSI climbs higher.

Alphabet Analysts See 5% Upside

Ratings & Consensus Estimates: The consensus analyst rating on Alphabet stock stands at a Buy currently with a price target of $210.91. The latest analyst ratings from Needham, DA Davidson and Cantor Fitzgerald suggest a 4.59% upside for Alphabet stock, with an average price target of $211.67.

GOOGL Stock Price Action: Alphabet stock was trading at $203.30 at the time of publication.

Read Next:

• EXCLUSIVE: This ‘Magnificent 7’ Stock Will Feel The Pinch Of Fed’s Rate Decision, Poll Shows

Image: Shutterstock