Google ( GOOG) ($896.19) declined from an all time high at $928.00 on July 15 to $845.56 on Aug. 30, and then momentum began to rise on its daily chart. Google fell below its 50-day SMA at $890.96 on Aug. 12 and is now above this key level which is $887.17 with a Wednesday high at $896.97. The weekly chart profile is neutral with declining momentum with the stock above its five-week MMA at $879.25.
Google has a hold rating with fair value at $693.40, which makes the stock 29.3% overvalued. My weekly value level is $835.25 with semiannual pivots at $880.49 and $892.48, which have been magnets in recent trading. My quarterly risky level at $915.63 was tested at the all time high. The ValuEngine one-year price target is $916.19. Netflix ( NFLX) ($308.30) set a new all time high at $314.18 on Wednesday as the daily chart became extremely overbought. The weekly chart is positive but overbought with the five-week MMA at $273.10. Netflix has a buy rating with fair value at $177.91, which makes the stock 73.3% overvalued, but the ValuEngine one-year price target is $326.32. This week's value level is $279.19 with this month's risky level at $353.70. My semiannual value level is $237.48, which was a risky level when July began.
Tesla Motors ( TSLA) ($163.52) set an all-time high at $173.70 on Sept. 3 then dipped to $158.51 on Sept. 9. The daily chart shows a negative divergence in momentum suggesting that a new high is not likely over the near term. The weekly chart profile is extremely overbought with the five-week MMA at $149.81. Tesla has a hold rating with fair value at $125.21, which makes the stock 30.6% overvalued. My monthly value level is $153.16 with the ValuEngine one-year price target at $157.92 and weekly risky level at $169.40. At the time of publication the author held no positions in any of the stocks mentioned.Follow @SuttmeierThis article is commentary by an independent contributor, separate from TheStreet's regular news coverage.