Alphabet shares close higher on Friday, YouTube TV price for new users raised following content additions

The price of Googles YouTube TV on-line service for new clients is to be raised from $35 per month to $40 per month following the addition of new content, Reuters reported.

Alphabet shares closed higher for the ninth time in the past ten trading sessions on Friday. It has also been the sharpest daily surge since February 15th. The stock went up 1.82% ($20.16) to $1,126.79, with the intraday high and the intraday low being at $1,127.28 and $1,104.71 respectively.

In the week ended on February 25th the shares of the tech giant added 2.92% to their market value compared to a week ago, which marked a second consecutive period of gains.

The stock has pared its loss to 3.69% so far during the current month, following an 11.81% increase in January. The latter has been a seventh consecutive monthly gain and also the largest one in more than two years.

For the entire past year, Alphabet shares soared 35.58% following another 1.86% surge in 2016.

The new price is to affect new users who sign up after March 13th, Google said.

Among content additions are Time Warner Inc’s Turner channels – TNT, TBS and CNN, as well as MLB Network and NBA TV.

An estimate by research firm BTIG revealed that subscriptions for Googles YouTube TV were almost 350 000 at the end of 2017. That compares with 500 000 subscribers for AT&T’s Hulu, more than 2 million for AT&T’s DirecTV Now, as well as about 2.1 million for Dish Network Corp’s Sling TV.

According to Reuters, when YouTube TV was launched, it offered about 50 channels to users in 5 markets. At present, after the latest additions, it will offer about 60 channels to users in 100 markets.

According to CNN Money, the 41 analysts, offering 12-month forecasts regarding Alphabet Inc’s stock price, have a median target of $1,285.00, with a high estimate of $1,475.00 and a low estimate of $1,100.00. The median estimate is a 14.04% surge compared to the closing price of $1,126.79 on February 23rd.

The same media also reported that 34 out of 44 surveyed investment analysts had rated Alphabet Inc’s stock as “Buy”, while 7 – as “Hold”.

Daily and Weekly Pivot Levels

With the help of the Camarilla calculation method, todays levels of importance for the Alphabet stock are presented as follows:

R1 – $1,128.86
R2 – $1,130.93
R3 (Range Resistance – Sell) – $1,133.00
R4 (Long Breakout) – $1,139.20
R5 (Breakout Target 1) – $1,146.45
R6 (Breakout Target 2) – $1,149.81

S1 – $1,124.72
S2 – $1,122.65
S3 (Range Support – Buy) – $1,120.58
S4 (Short Breakout) – $1,114.38
S5 (Breakout Target 1) – $1,107.13
S6 (Breakout Target 2) – $1,103.77

By using the traditional method of calculation, the weekly levels of importance for Alphabet Inc (GOOG) are presented as follows:

Central Pivot Point – $1,116.43
R1 – $1,144.33
R2 – $1,161.88
R3 – $1,189.78
R4 – $1,217.69

S1 – $1,098.88
S2 – $1,070.98
S3 – $1,053.43
S4 – $1,035.89 is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

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