On Friday, it was announced that Google Cloud secured an exclusive £400 million contract to provide sovereign cloud capabilities for the UK Ministry of Defence. As part of the agreement, an on-site team of specialists will manage the technologies to ensure data control.
The financial report is scheduled for release on October 28. Analysts expect revenue to reach a record $99.58 billion, compared to $96.43 billion in the previous quarter and $88.27 billion a year earlier. Earnings per share are forecast at $2.33 versus $2.31 and $2.12, respectively. Today, the company will pay a quarterly dividend of $0.21 per share, reflecting a low annual yield of 0.36%, below the sector median of 0.65%.
Support and Resistance Levels
On the daily chart, the instrument is correcting after moving beyond the ascending channel with dynamic boundaries of 220.00–200.00.
Technical indicators are reinforcing the buy signal: the EMA range of the “Alligator” indicator is expanding upward, while the AO histogram forms corrective bars in the positive zone.
Resistance levels: 247.00, 263.00.
Support levels: 234.00, 212.00.
Trading Scenarios and Alphabet Stock Forecast
Long positions can be opened after the price consolidates above 247.00, targeting 263.00. Stop-loss — 240.00. Implementation period: 7 days or more. Short positions can be opened after the price consolidates below 234.00, targeting 212.00, with a stop-loss at 240.00.
Scenario
| Timeframe | Weekly |
| Recommendation | BUY STOP |
| Entry Point | 247.05 |
| Take Profit | 263.00 |
| Stop Loss | 240.00 |
| Key Levels | 212.00, 234.00, 247.00, 263.00 |
Alternative Scenario
| Recommendation | SELL STOP |
| Entry Point | 233.95 |
| Take Profit | 212.00 |
| Stop Loss | 240.00 |
| Key Levels | 212.00, 234.00, 247.00, 263.00 |