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) declined for another session after the resistance of 2,361 held on, with the stock marking a loss of 3.47%, or 81.02 points, and settling at 2,251, with trading volumes surpassing 1.4 million shares, below 10-day averages of 1.6 million shares, amid the dominance of the main downward trend in the short term, with negative pressure from the 50-day SMA, with negative signals from the RSI.
Therefore we expect more losses for the stock, targeting the pivotal support of 2,044, provided the resistance of 2,361 holds on.
Expected trend for today: Bearish