{"id":148714,"date":"2019-05-31T10:45:02","date_gmt":"2019-05-31T14:45:02","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=148714"},"modified":"2019-05-31T06:25:38","modified_gmt":"2019-05-31T10:25:38","slug":"goog-analysis-slowing-revenue-growth-bearish-for-alphabet","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/05\/goog-analysis-slowing-revenue-growth-bearish-for-alphabet\/","title":{"rendered":"GOOG Analysis: Slowing revenue growth bearish for Alphabet"},"content":{"rendered":"
May 31, 2019<\/div>
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By IFCMarkets<\/a><\/strong><\/p>\n

Slowing revenue growth bearish for Alphabet<\/strong><\/p>\n

Alphabet price dropped after company reported slowing first quarter revenue. Will the GOOG price<\/a> continue declining?<\/p><\/blockquote>\n

Google\u2019s parent Alphabet shares dropped over 7% as the company reported weaker than expected first quarter revenue a month ago. Google report showed company\u2019s growth decelerated after consistently expanding at 20% or more in prior periods. Revenue increased 17%, down from 28% growth a year earlier, and advertising sales rose 15%, down from 24% a year ago. The slowdown was attributed to slower growth in paid clicks: 39% in Q1 from the year-ago quarter, after 66% increase in the fourth quarter of 2018 and 62% in the third quarter. It was the second straight disappointing quarterly report for Alphabet. The stock has struggled to recover since then. Slowing growth is bearish for Alphabet price.<\/p>\n

\"GOOG<\/p>\n

On the daily timeframe the S-GOOG: D1<\/b> has breached below the 200-day moving average MA(200) and is falling toward Fibonacci 61.8. This is bearish.<\/p>\n