Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
Alphabet’s stock price (GOOG) rose in the intraday levels after attempting to gather positive momentum, with negative signals from the RSI after reaching overbought levels, amid the dominance of the main upward trend in the medium term, while trading alongside the secondary short-term trend line, with negative pressure from the 50-day SMA.
Therefore we expect more gains for the stock, targeting the resistance of $180.00, provided the initial resistance of $169.60 is reliably breached.
Trend forecast: Bullish