You may have heard that more and more people are no longer choosing Google as their search service provider, but rather choosing Microsoft's Bing. After Google's Bard/Gemini released some embarrassing AI generated images and caused a stock price crash, these rumors began to spread.
Prior to the dispute, GOOGL's stock price was $144, but within a week, the stock price dropped by 7.64% to $133. Has this opened the curtain of the apocalypse? Has Google search reached its end?
The era of Google search is far from over. In 2024, Google's market share in the global search engine market is 91.5%, slightly increasing from the approximately 81.95% market share it held in 2023.
As for GOOGL, after a brief bear market, bulls took over the market and its stock price skyrocketed to $172, setting a new historical high for Alphabet. Google not only survived the difficulties of the first quarter, but also continued to grow and made ambitious plans for the future.
Despite pessimistic rumors, the impact of Google on our daily lives is still undeniable. However, the landscape in the technology field is slowly changing, and Google's dominant position is being challenged. Alphabet Inc. CEO Sundar Pichai's strategy revolves around integrating artificial intelligence into every aspect of Google's operations, a vision he has been advocating for since 2016.
Pichai emphasized the importance of artificial intelligence for Google's future. He uses artificial intelligence in personal anecdotes, emphasizing its practical benefits, such as using Google Lens to help with homework. His approach emphasizes Google's commitment to making artificial intelligence an indispensable part of daily life.
Pichai's leadership trait is his ability to focus on long-term goals during industry turbulence. He often communicates with Google co founders Larry Page and Sergey Brin, which helps him maintain a broad perspective that is crucial for managing a company of Google's size.
You don't need a long list of indicators to see the current trend of GOOGL clearly. Open an Exness demo account in the Exness personal area and let's make some predictions.
Firstly, the moving average. The moving average tool displays strong buying signals for different periods. 5. Simple and exponential moving averages (SMA and EMA) for 10, 20, 50, 100, and even 200 days all indicate buy signals. This is a clear indicator of the strong upward trend of stock prices.
Several other technical indicators also support this buy signal.
Relative Strength Index (RSI): 66.35, indicating that the stock is not overbought.
MACD（12,26）： 0.84, implying a bullish trend.
The average volatility index (ATR) is about 0.90, indicating low volatility and favorable for stable price fluctuations.
Using pivot points helps determine potential support and resistance positions.
Support position: S1: $170.51
Resistance level: R1: $172.65
Add simple moving averages (SMA) for 10, 20, 50, 100, and 200 days.
Add exponential moving averages (EMAs) for 10, 20, 50, 100, and 200 days.
These will help you track stock price trends over different time periods.
Set RSI to 14 periods to measure the momentum of stocks and identify overbought or oversold situations.
Use standard settings (12, 26, 9) to identify bullish or bearish heads.
Set parameters (7, 14, 28) to measure price momentum over different time periods.
Search for common forms such as bullish devouring, bullish hammer, and crosshairs. These are signals of potential reversal or continuation.
Add pivot points to determine potential support and resistance positions. Calculate using standard pivot points.
These charts can visually display volatility and identify potential breakthrough points.
Adding this tool to the chart can identify potential support and resistance levels based on historical price trends.
By combining the above indicators and tools, you can create a comprehensive technical analysis chart that provides insight into price trends, momentum, volatility, and potential reversal points.
The future of Google, especially its core search function, is closely related to the development of artificial intelligence. While artificial intelligence is changing search, Google remains committed to maintaining high-quality search results by providing diverse sources of information and addressing concerns about AI generated content.
The recent launch of artificial intelligence tools such as ChatGPT has put Google on the defensive, raising questions about its innovation and adaptability. However, Pichai's methodical and visionary approach aims to leverage the potential of artificial intelligence to maintain and enhance Google's position.
As artificial intelligence continues to reshape the technological landscape, under Pichai's leadership, Google's strategic focus is on innovation, adaptability, and a clear vision for the future. Integrating artificial intelligence into Google's various businesses signifies the company's commitment to leading the next wave of technological advancement. However, the rapid development of artificial intelligence and competition from rivals such as Microsoft require Google to constantly evolve its strategy in order to maintain its market leadership position.
As Google launches new artificial intelligence features and responds to competitive pressure, traders and investors are closely monitoring these changes. The artificial intelligence tools launched by competitors have affected market sentiment, leading to fluctuations in GOOGL's stock price. In the future dominated by artificial intelligence, Google's continuous progress and strategic response will play an important role in determining its stock performance and market position.
Rumors can affect market sentiment, but if the reason for the price drop does not have a long-term impact, large companies often rebound shortly after the dust settles. The assumption that Google's biggest sources of profit (search and YouTube advertising) will decline due to artificial intelligence is incorrect.
Although Bard/Gemini had a difficult start, its performance is constantly growing and its weight in our lives may become increasingly significant in the coming months and years. Unless the global network is permanently paralyzed, Google will still hold an important position in our future, and its stock price will reflect this. Please remember that market sentiment will respond to small challenges, so do not expect an uninterrupted bullish trend.
