Google Stock Forecast For 2015 Based On A Predictive Algorithm

Summary

  • Google stock experienced a pullback starting in September 2014, falling 16% since that time.
  • Investors and analysts are concerned about increased competition and stagnant net income growth due googto increasing costs.
  • Google will rebound in 2015, as the negativity facing the stock is old news and many of the concerns facing the company are overblown.
  • I Know First’s algorithm is bullish for Google in the three-month and one-year time horizon.

Google had their worst year in 2014 since 2008, falling 5%, while many of their competitors had fantastic years. The company faced a variety of problems that led to the stock pullback. However, these problems are now represented in the stock price, and it is no longer overbought. Even though profit margins have not seen growth in recent years, the company is still healthy, and will be able to rebound in 2015.  From an algorithmic perspective, Google’s position on the algorithmic charts indicates a strongly bullish signal for the company in the three-month and one-year time horizons; in the short term, of course, this signal may not be as accurate, but this appears to coincide well with the long-term outlook for the company.

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