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 (GOOG) fell in the intraday levels, registering a loss of 1.04% in the last session, or 12.18 points, as the stock tries to gather momentum to help it rise anew and vent off overbought saturation in the RSI, after the pivotal resistance of 1179.86 held on, amid positive pressure from the 50-day SMA, with the dominance of the main upward medium-term trend.
Therefore we expect the stock to return higher, especially if the resistance of 1179.86 was breached, targeting the next one at 1242.91.