Google closes at $94.25 after gaining 2.83%

Yesterday at a glance: Google surges 2.83% to close at $94.25 yesterday.

United States Producer Price Index data will be released today at 12:30 UTC, with an expected decline to 0.3%.

The MACD index is indicating that momentum is shifting from bearish to bullish following a positive crossover. When the MACD rises above the signal line, it is typically considered to be a bullish development favoring long positions.

Overall, looking at the technical analysis landscape, it seems Google might continue pointing upwards in the short term.

A look at other communication services stocks also showed bullish price action as Meta Platforms gained 7.25%, as it traded at $194.02. T-Mobile traded at $143 after closing yesterday's trading day at $139.73 (up 2.35%). Verizon traded at $36.88 after closing yesterday's trading day at $36.54 (up 0.93%).

Also worthy of note, as things stand, upcoming United States Retail Sales data is projected to fall short of market expectations with newly published data of -0.3%, following on from the preceding figure of 3%. New data is set to be published today at 12:30 UTC. Today at 12:30 UTC data for United States Core Retail Sales will be released, with an expected decline to -0.1% from the preceding figure of 2.3%. Today at 12:30 UTC data for United States Producer Price Index will be released, with an expected decline to 0.3% from the preceding figure of 0.7%.

The leading search engine company is now trading 36.19% below the significant high of $143.64 it set around 11 months ago.