April 24, 2025 a 10:15 am
GOOG: Fibonacci Analysis - Alphabet Inc.
Alphabet Inc. has exhibited a prolonged dominant downtrend from early February to late April 2025. The stock price has decreased significantly, reflecting broader market concerns. Despite temporary rebounds, the company's stock remains pressured, likely affected by mixed performance across its diverse segments.
Fibonacci Analysis
| Detail | Information |
|---|---|
| Trend Start Date | February 4, 2025 |
| Trend End Date | April 23, 2025 |
| Highest Price (Date) | $207.71 (February 4, 2025) |
| Lowest Price (Date) | $146.58 (April 8, 2025) |
| Current Price | $157.72 |
| Fibonacci 0.236 Level | $161.86 |
| Fibonacci 0.382 Level | $172.12 |
| Fibonacci 0.5 Level | $177.15 |
| Fibonacci 0.618 Level | $182.23 |
| Fibonacci 0.786 Level | $190.12 |
| Retracement Zone | None (Below 0.236 level) |
| Technical Interpretation | The current price is below the 0.236 retracement level, indicating continued bearish pressure with no immediate support in sight. |
Conclusion
Alphabet Inc.'s stock currently remains under a downward trend amidst broader market instability. Persisting below the 0.236 Fibonacci retracement level suggests considerable bearish momentum, with limited near-term buying interest. Although the technological advancements and robust segment performances offer potential upside, market sentiment appears cautious. Analysts should monitor retracement levels keenly, as surpassing these might indicate recovering investor confidence and potential bullish reversal.