Technical Analysis

To perform a comprehensive technical analysis of GOOG stock, here is the detailed breakdown:

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Recent Price Performance

• Last Close (2025-02-21): $181.58
• Pre-Market Change: +0.46%
• Regular Market Change: -2.71%
• Post-Market Change: -0.13%
• Current Price (Post-Market): $181.33

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Key Technical Indicators

• RSI (14): 36.94 (Oversold region approaching, indicating potential reversal)
• MACD (12,26,9): -2.71 (Bearish momentum with MACD line below the signal line)
• Stochastic Oscillator (14,3,3): 9.32 (Deeply oversold, potential for upward correction)
• Bollinger Bands (20,3):
  • Lower Band: $170.24
  • Middle Band: $192.94
  • Upper Band: $215.65
  • Current Price Position: Near the lower band, indicating oversold conditions.

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Support and Resistance Levels

• Fibonacci Pivot Point: $186.84
• Support Levels:
  • S1: $182.30
  • S2: $179.49
  • S3: $174.95
• Resistance Levels:
  • R1: $191.38
  • R2: $194.18
  • R3: $198.72

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Trend Analysis

• GOOG has been in a downward trend recently, with the price breaking below key moving averages:

  • SMA (20): $192.94
  • SMA (60): $189.96
  • SMA (200): $176.97 (Currently above the 200-day SMA, indicating long-term support).

• The stock is trading near its support zone ($182.30), which could act as a potential rebound point if buying pressure increases.

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Volume Analysis

• Volume (2025-02-21): 19.52M
• The volume is consistent with recent averages, suggesting no unusual activity. However, the price decline indicates selling pressure.

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Recommendation

• Action: Hold or cautiously buy if the price stabilizes above $182.30.
• Entry Point: $182.30 (Support level).
• Exit Point: $191.38 (Resistance level).
• Stop Loss: $179.49 (Next support level).

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This analysis suggests that GOOG is nearing oversold conditions, and a potential rebound could occur if it holds above the $182.30 support level. However, the bearish momentum remains strong, so caution is advised.