Chart Of The Day: Google's Uptrend Continues To Weaken

in #money4 years ago

US stocks on the S&P 500 briefly touched an all-time closing high yesterday, but finished just 0.2% below that level. The boost was largely propelled by surging heavyweight technology shares.

Facebook (NASDAQ:FB) jumped 3.75%, raising the social media giant's stock by 26.6% for the year so far. Apple's (NASDAQ:AAPL) shares were up 3.3%, bringing the i
Phone maker's gains to a whopping 53.8% since the beginning of 2020. Shares of Microsoft (NASDAQ:MSFT) added 2.9% on Wednesday and +32.65% in 2020. Amazon (NASDAQ:AMZN) also gained yesterday, up 2.6% for a mind-boggling 71.25% acceleration this year.

Fellow FAANGer Alphabet (NASDAQ:GOOG), however, continued to underperform peers, both on a daily and year-to-date basis. The stock rose just 1.8% yesterday, bringing its YTD climb to a comparatively anemic 12.7%.

On Aug. 4, we published a post contrasting the two tech behemoths. At that time we focused on the superiority of Facebook’s business model over Google—and highlighted the technical outlook for FB shares which was bullish, as we correctly noted at the time.

In today's post, we'll zero in on GOOG.

GOOG Daily

(Image not shown due to low ratings)




Images were hidden due to low ratings.
Sort:  

Warning! This user is on our black list, likely as a known plagiarist, spammer or ID thief. Please be cautious with this post!
If you believe this is an error, please chat with us in the #appeals channel in our discord.