Google’s stock quotes are traded at the local maximum level near the area of 948. At the moment, there is a potential for development of correction in the area below the level of 915.
Google stock price forecast on May 25, 2017
In favor of the decline is the downward trend test on the indicator of relative strength index (RSI) and the reversal pattern «Head and Shoulders», and the formation of the model «Expanding Formation». The cancellation of the fall of Google shares will be the breakdown of the area 951, which will indicate the continued growth of quotations. To expect the acceleration of the fall is with the breakdown of the area 946.
Google stock price forecast on May 25, 2017 attempt is made to fall within the framework of the «Expanding Formation» model with a potential reduction target below the area of 915, an additional signal is the reversal model on the relative strength indicator.