GOOGLE – Mid Term Forecast
Google has just recorded several rare and potentially pivotal technical events—signals we haven’t seen in quite some time. These developments could significantly reshape the company’s mid-term trajectory and may even warrant a fresh look at the long-term outlook. In this analysis, we break down the latest technical signals, decode multi-timeframe candlestick structures, and apply Elliott Wave theory to map out possible future paths. A major shift may already be underway.
CANDLES
Google has been recording one bullish signal after another. Following a strong bullish monthly closure, the stock spent some time solidifying its mid-term position. Newly confirmed technical signals—such as the 8/20 EMA bullish cross—are reminiscent of the setups seen in May 2020 and May 2023, each of which preceded rallies of approximately 130% and 100%, respectively. There is a fair chance that Google is at the beginning of a similar multi-year rally.
Elliott Waves
Long Term
GOOGL has possibly completed wave 2 in purple and is now launching wave 3. There’s also a scenario under the blue count, where the stock may be developing wave (3) of a higher degree—though the purple count remains the primary one for now. A larger corrective action, shown in barely visible red, is still on the radar but carries lower probability at this stage.
The mid-term chart below outlines the structure. Note that wave i may not be complete yet. If GOOGL follows this roadmap, it could add approximately 40% over the next 3–4 quarters.
SUMMARY
GOOGL is bullish and has consistently strengthened its outlook with increasingly powerful signals. There’s a solid chance the stock is at the beginning of a multi-year rally.
Happy Trading!
