IS ALPHABET Inc going up today

Alphabet Inc. (GOOGL) is not expected to experience a significant increase in its stock price today. Here's an analysis to support this prediction:

1. Recent Performance: Alphabet's stock closed at $166.16 on August 27, 2024. The stock has been trading below its 50-day and 200-day moving averages, which could be seen as bearish signals.

2. Analyst Ratings and Price Targets: Despite the recent decline, analysts have set an average price target of $205.03, with a high of $225.00 and a low of $170.00. This suggests that analysts believe the stock has potential to increase in value, but it does not necessarily indicate that it will happen today.
3. Market Sentiment: The sentiment among analysts is generally positive, with a strong buy rating from 35 analysts and a buy rating from 28 analysts. However, the sentiment among investors can be influenced by a variety of factors, including broader market trends and economic indicators.
4. Technical Indicators: The MACD (Moving Average Convergence Divergence) is at 1.91, which is typically considered a bearish signal. The KDJ (Stochastic Oscillator) is at 78.45, which is near the oversold threshold and could potentially indicate a reversal. The RSI (Relative Strength Index) is at 56.72, which is neither overbought nor oversold and does not provide a clear indication of the stock's direction.

5. Support and Resistance Levels: The narrow support level is at $163.93, and the narrow resistance level is at $169.28. The stock is currently trading below its resistance level, which could indicate a lack of upward momentum.

In conclusion, while Alphabet's stock has potential for growth in the medium to long term, as indicated by the average price target and the positive analyst ratings, the stock is not expected to experience a significant increase today based on the current technical indicators and market sentiment.