Google Stock Slips, Flirts With 52-Week Low

google-parent Alphabet (GOOGL) Friday flirted with a 52-week low. Google stock slid to 100.94 in intraday trading, then rallied slightly above its previous low of 101.88 set on May 24.




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In midday trading, Google shares settled at 101.79, down about 1.1%, in the stock market today. With Friday’s loss, Google is down about 30% in 2022.

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The internet giant achieved a 20-to-1 split for shares of Alphabet, Google’s parent company, after the market closed on July 15. Shares have fallen about 8% since the stock split.

Google stock jumped 65% in 2021.

Meanwhile, Google’s relative strength rating is only 25 out of a possible 99, according to IBD Stock Checkup. The best stocks tend to have an RS rating of 80 or better.

Google Stock: Technical Valuations Fall

Google stock has an accumulation/distribution rating of D-minus. This rating analyzes the price and volume changes of a stock over the last 13 weeks of trading.

The rating, on a scale of A+ to E, measures the institutional buying and selling of a stock. A+ means heavy institutional purchases; E means heavy sale. Think of the C note as neutral.

Google stock holds an IBD composite rating of 54 out of 99.

IBD’s composite rating combines five separate proprietary ratings into one easy-to-use rating. The best growth stocks have a composite rating of 90 or higher.

As of September 16, Google stock was not in a buy zone due to volatility in the tech sector. It must forge a new base to be exploitable.

Follow Reinhardt Krause on Twitter @reinhardtk_tech for updates on 5G wireless, artificial intelligence, cybersecurity and cloud computing.

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