Google Stock Rebound Targets $402 If $383 Support Holds
- Technical Rebound Signal: Alphabet's stock price rebounded to $392 after a TD Sequential buy signal appeared near the $383 support level, indicating a short-term recovery in market sentiment and increased investor confidence.
- Significant Cloud Growth: Google Cloud revenue surged 63% year-over-year to $20 billion, reflecting strong demand for AI infrastructure and core cloud services, further solidifying Alphabet's position as an AI infrastructure company.
- Ongoing Antitrust Risks: Despite the short-term technical rebound, Alphabet faces persistent antitrust pressures in the U.S. and Europe, which could lead to regulatory measures and fines, posing a threat to the stock's long-term performance and requiring cautious investor consideration.
- Elevated Market Valuation: With a market capitalization of approximately $4.7 trillion and a price-to-earnings ratio nearing 29.7, Alphabet's valuation is higher than historical levels; however, due to the company's scale and margin expansion, investors remain willing to buy on dips, reflecting confidence in future growth.
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Technical Analysis for AI
Technical Sentiment Analysis for Sleepless AI (AI). As of , Sleepless AI (AI) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 9 technical signals, shows that 6 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for AI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, AI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Sleepless AI (AI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0166 | 0.0203 | 0.0238 | 0.0275 | 0.031 | 0.0347 | 0.0382 |
| Fibonacci | 0.0203 | 0.0231 | 0.0248 | 0.0275 | 0.0303 | 0.032 | 0.0347 |
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