Alphabet stock remains near major support amid broader tech sell-off
Alphabet also continues to expand aggressively in key growth areas.
As of April 3, 2025, Alphabet Inc. (GOOGL) is trading at $157.04, reflecting a marginal decline of 0.03% from the previous close.
The stock has been under sustained pressure since the start of Q1, falling over 20% from its 52-week high of $208.70. Alphabet’s 52-week range is currently between $148.20 and $208.70, placing it near the lower end of its trading corridor—an indication that it may be undervalued relative to recent historical norms.
Technically, Alphabet is trading below both the 50-day and 200-day moving averages. The 50-day moving average is hovering near $160, while the 200-day moving average is at approximately $175. This bearish alignment signals a continuation of downward momentum unless a reversal occurs. Immediate support is seen around the $148 level, a key zone that was tested several times in March and held firm.
GOOGL stock price dynamics (January 2025 - April 2025). Source: TradingView.
Relative strength index (RSI) readings are currently in the neutral zone, around 42, suggesting that the stock is not yet oversold but is inching closer to that territory. This leaves room for further downside in the short term but also increases the potential for a technical bounce if broader market sentiment improves.
Market context
Recent geopolitical developments, particularly the resolution of tariff uncertainties between the United States and key trading partners, are poised to boost investor confidence in growth stocks. A new report from CNBC dated April 2, 2025, highlights that this tariff clarity could catalyze a rebound in beaten-down mega-cap technology stocks, with Alphabet identified as a potential beneficiary. The removal of ambiguity in import and export costs allows multinationals like Alphabet to better forecast expenses and revenues, which could translate into improved earnings expectations in upcoming quarters.
Alphabet also continues to expand aggressively in key growth areas such as artificial intelligence, cloud services, and digital advertising. While regulatory concerns around antitrust remain a long-term headwind, the company’s diversified revenue streams and robust balance sheet position it well for a macroeconomic recovery. Furthermore, the rising adoption of AI tools and digital infrastructure spending by enterprises globally may act as a tailwind for Alphabet's Google Cloud segment, which has been gaining traction in recent earnings reports.
Price scenarios
Given the convergence of technical support at $148 and improving macro sentiment, Alphabet appears poised for a potential short-term rebound. If the broader market continues to respond positively to tariff resolutions and earnings season brings optimistic guidance, GOOGL could break above its $160 resistance level. In that scenario, a rally toward $175—the 200-day moving average—is a reasonable target over the next few weeks.
However, if bearish momentum persists and the $148 support level fails, downside risks increase significantly. The stock could then trend toward $140, a psychological support level not tested since early 2023. Traders should monitor upcoming macroeconomic data, Alphabet’s next earnings release, and market-wide risk sentiment, particularly in the tech sector, to reassess positioning.
Last week Alphabet stock remained under selling pressure, trading at $167.14 and staying below its 50-day and 200-day EMAs. Despite tariff clarity improving market sentiment, the technical outlook is still bearish as the stock struggles with resistance and hovers near key support.
