Technical Analysis

Technical Analysis of GOOGL Stock

Current Price and Recent Performance

As of the latest data (2025-03-21), Alphabet Inc. (GOOGL) is trading at $164.28. The stock closed the regular market session at $163.99, with an intraday high of $164.24 and a low of $160.89. The volume was 36,625,764 shares, indicating moderate trading activity.

Key Technical Indicators

• RSI (14-period): 38.96 (oversold territory, suggesting potential reversal).
• MACD: -5.58 (bearish signal line crossover).
• Stochastic Oscillator: K=37.48, D=31.94 (oversold region, potential bullish reversal).
• Fibonacci Levels:
  • Pivot Point: $163.09
  • R1: $167.58
  • S1: $158.61

Price Action and Trends

The stock has formed a bullish engulfing candlestick pattern on the daily chart, indicating a potential reversal after a recent downtrend. The price is currently testing the Fibonacci pivot level of $163.09, which is acting as a support zone.

Moving Averages

• 20-day SMA: $168.21
• 50-day SMA: $175.02
• 200-day SMA: $184.44

The stock is currently trading below the 20-day and 50-day SMAs, which suggests a bearish trend in the short to medium term. However, the bullish engulfing pattern and oversold RSI suggest a potential short-term reversal.

Bollinger Bands

The stock is currently near the lower Bollinger Band, which often indicates oversold conditions and a potential bounce.

Volume Analysis

The volume has been increasing over the past few sessions, supporting the case for a bullish reversal.

Conclusion

Based on the technical analysis, GOOGL stock is a buy at the current price of $164.28. The stock is oversold, and the bullish engulfing pattern, combined with the Fibonacci pivot support, suggests a potential upside move.

Target Price: $170
Stop-Loss: $158

This recommendation is based on technical analysis and should be considered in conjunction with fundamental factors and market conditions.