Google Stock Price Plummets by 2.09% on Monday

The Google stock price took a hit on Monday, August 31st, falling by 2.09% from $346.59 to $339.35.

This decline follows a trend of fluctuations in the short term, with the stock price going up and down over this period. In fact, over the last two weeks, Google has seen a loss of -1.35%. The total volume traded on Monday was 31 million shares, with an approximate value of $10.68 billion.

The technical analysis suggests that there are few positive signals at the moment. Both short-term and long-term moving averages indicate sell signals for the stock, which suggests a more negative outlook for Google's performance in the near future.

According to analysts, a break above $344.06 or $346.91 could issue buy signals, but for now, the indicators point towards further decline. The 3-month Moving Average Convergence Divergence (MACD) also shows a sell signal. With an increased volume on falling prices, investors are advised to keep a close eye on this stock.