Technical Analysis
Based on the latest market data, GOOG stock closed at $181.58 on Friday (Feb 21, 2025) with a significant decline of -2.71% . The stock is showing bearish momentum in the short term.
- RSI (14) at 36.94 indicates the stock is approaching oversold territory but not yet extremely oversold
- MACD is bearish with -2.71 and negative histogram of -1.38
- Stock is trading below both 5-day SMA ($185.60) and 10-day SMA ($186.37), indicating short-term weakness
- Bollinger Bands show price near the lower band, suggesting potential oversold conditions
News Analysis & Fundamental Factors
Recent key developments affecting GOOG:
- Alphabet reported strong Q4 results with 13% YoY revenue growth and improved operating margins to 32%
- Google Cloud revenue grew 30% to $12 billion, though below expectations due to capacity constraints
- The company faces regulatory challenges with EU's Digital Markets Act implementation
- Analysts maintain positive outlook despite near-term pressure from higher capex spending
Price Prediction for Next Week
Based on technical indicators and news sentiment:
Target Prices:
- Support level: $179.49 (Fibonacci S2)
- Resistance level: $191.38 (Fibonacci R1)
Most likely scenario (60% probability):
- Price range: $179-185
- The stock likely continues consolidation near current levels with slight downward bias due to broader market concerns about tech spending
Trading Recommendation
SELL with the following rationale:
- Technical indicators show bearish momentum
- Price trading below key moving averages
- High capex guidance creating near-term pressure
- Regulatory headwinds from EU
Entry: Current market price ($181.58)
Stop loss: $186.84 (Fibonacci pivot)
Target: $179.49 (Fibonacci S2)
Technical Analysis
Based on the latest market data, GOOG stock closed at $181.58 on Friday (Feb 21, 2025) with a significant decline of -2.71% . The stock is showing bearish momentum in the short term.
- RSI (14) at 36.94 indicates the stock is approaching oversold territory but not yet extremely oversold
- MACD is bearish with -2.71 and negative histogram of -1.38
- Stock is trading below both 5-day SMA ($185.60) and 10-day SMA ($186.37), indicating short-term weakness
- Bollinger Bands show price near the lower band, suggesting potential oversold conditions
News Analysis & Fundamental Factors
Recent key developments affecting GOOG:
- Alphabet reported strong Q4 results with 13% YoY revenue growth and improved operating margins to 32%
- Google Cloud revenue grew 30% to $12 billion, though below expectations due to capacity constraints
- The company faces regulatory challenges with EU's Digital Markets Act implementation
- Analysts maintain positive outlook despite near-term pressure from higher capex spending
Price Prediction for Next Week
Based on technical indicators and news sentiment:
Target Prices:
- Support level: $179.49 (Fibonacci S2)
- Resistance level: $191.38 (Fibonacci R1)
Most likely scenario (60% probability):
- Price range: $179-185
- The stock likely continues consolidation near current levels with slight downward bias due to broader market concerns about tech spending
Trading Recommendation
SELL with the following rationale:
- Technical indicators show bearish momentum
- Price trading below key moving averages
- High capex guidance creating near-term pressure
- Regulatory headwinds from EU
Entry: Current market price ($181.58)
Stop loss: $186.84 (Fibonacci pivot)
Target: $179.49 (Fibonacci S2)