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Asset Summary

Daily Performance Report for GOOGL ETF: Nov 7, 2024

Summary: The day started with GOOGL ETF opening at $176.35 and closing at $176.24. The ETF showed weakness throughout the day, with the highest price observed at $176.35 and the lowest at $176. The underlying asset had a trading range of $0.35 Overall, it was a negative trading day for GOOGL ETF, reflecting investor pessimism and market activity.

Change in Closing Price: There was a net decrease of $-0.11 or -0.06% in the closing price from the opening to the closing price over the day.

Volume Analysis: Trading volume for GOOGL ETF was 9,783 units during Nov 7, 2024, indicating active market participation and investor interest.

Opening Price: The day started at $176.35.

Highest Price: The highest price observed during the day was $176.35.

Lowest Price: The lowest price observed during the day was $176.

Closing Price: The day ended at $176.24.

Asset Performance Metrics and Risk Characteristics:

Understanding asset performance is crucial for evaluating investment quality and making informed decisions. Metrics like trailing return and drawdown provide insights into how an asset has performed over time, its volatility, and the efficiency of its returns relative to risk. Performance indicators help assess the stability, risk, and reward of an investment, allowing investors and portfolio managers to make comparisons and strategize accordingly.

Asset Technical Analysis

Technical analysis involves evaluating an asset's price and volume data to forecast future movements and make informed trading decisions. By using various technical indicators and chart patterns, investors can gain insights into market trends, price momentum, and potential turning points. This section delves into essential technical metrics, including moving averages, pivot points, and other indicators that provide a snapshot of an asset's current technical stance. Analyzing these indicators helps investors identify entry and exit points, assess market sentiment, and refine their trading strategies. Explore the following technical analysis data to understand the asset's performance dynamics and make better-informed decisions.

Moving Averages

Moving Averages are commonly used to smooth out price data and identify trends over a specific period. Here’s a summary of the latest moving averages for various periods:

  • SMA (Simple Moving Average): Reflects the average price over a specific number of periods.
  • EMA (Exponential Moving Average): Gives more weight to recent prices, making it more responsive to new information.
  • WMA (Weighted Moving Average): Assigns a weight to each price, emphasizing more recent prices.
  • WEMA (Weighted Exponential Moving Average): Combines elements of both WMA and EMA for a more responsive moving average.

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Frequently Asked Questions

Investors can purchase shares of GOOGL through a brokerage account, as it is publicly traded on the NASDAQ under the ticker symbol "GOOGL."

GOOGL primarily generates revenue through advertising, with Google Ads being a significant contributor, alongside revenues from Google Cloud and other services.

Yes, shares of GOOGL can be held in retirement accounts such as IRAs or 401(k)s, making it a suitable option for long-term investments.

Historically, GOOGL has shown strong performance, driven by growth in digital advertising and cloud services, although past performance can vary.

Alphabet is involved in various community initiatives, focusing on education, technology access, and environmental sustainability.

GOOGL offers a wide range of products, including Google Search, YouTube, Google Cloud services, Android, and hardware products like Pixel phones and Nest devices.

Alphabet typically releases earnings reports quarterly, providing insights into financial performance and strategic developments.

Yes, risks include regulatory scrutiny, competition in the tech sector, fluctuations in advertising revenue, and changes in user privacy laws.

GOOGL is committed to continuous innovation, regularly updating and expanding its product offerings to meet changing consumer needs and technological advancements.

Similar companies include Facebook (Meta Platforms), Amazon, Microsoft, and Apple, all of which operate in the tech and digital advertising sectors.

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