Google Alphabet stock tests $338 support as short-term momentum turns bearish

Google Alphabet stock is trading in a tightening range just above $340. The technical picture reads as neutral with a bearish tilt. Price sits below the 20-day and 50-day EMAs but above the 200-day EMA. Shorter-term momentum has rolled over while the longer-term uptrend remains intact.

Key takeaways

• Alphabet closed at 340.61 after a session high of 341.79 and a low of 338.09.
• The daily RSI at 44.6 and MACD histogram at -0.9 point to fading momentum.
• The 200-day EMA at 323.59 keeps the longer-term uptrend intact.
• The 1-hour chart shows a fully bearish EMA stack with price at 340.95.
• Key daily levels: pivot 340.16, resistance 342.23, support 338.53.

Google Alphabet Stock Daily Bias: Neutral, But Losing Upward Conviction

The daily bias for Google Alphabet stock is neutral, yet momentum is losing upward conviction.

The daily chart shows Alphabet closing at 340.61 after a high of 341.79 and a low of 338.09. Price sits below the 20-day EMA at 346.87 and the 50-day EMA at 349.98. However, it remains comfortably above the 200-day EMA at 323.59. This structure signals that the longer-term uptrend is intact while the shorter-term trend has rolled over.

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