Alphabet's stock price is oversold with potential reversal indicated by RSI, creating buying opportunities.

From Nasdaq: 2024-09-06 13:27:20

The DividendRank formula at Dividend Channel ranks thousands of dividend stocks based on strong fundamentals and inexpensive valuations. Alphabet Inc (GOOGL) is currently ranked above average, in the top 50%, making it an interesting choice for investors.

Shares of GOOGL entered oversold territory, hitting a low of $152.97, with an RSI reading of 27.9, below the average of 49.5. A falling stock price creates an opportunity for dividend investors, with an annual yield of 0.51% based on a recent $157.24 share price.

Investors may see GOOGL’s oversold RSI as a sign of potential reversal, with entry point opportunities on the buy side. Analyzing its dividend history is key for investors to determine their bullish stance on GOOGL and its potential for ongoing dividends.



Read more at Nasdaq: Alphabet is Oversold | Nasdaq