Google shares retreat amid political risk as death cross emerges near $150.5
GOOGL down 9%, stuck below resistance at $150
Google (NASDAQ: GOOGL) stock has slipped more than 9% from last week's peak at $161.6, erasing much of its post-April 7 rebound. The rally, which began from a monthly low near $140.0, stalled at the $161.6 level where price met a bearish trendline dating back several weeks. That rejection marked the resumption of the broader downtrend.
The latest leg of decline accelerated on Monday. Google opened the session at $148.8, dipped as low as $146.0, and settled at $147.5, recording a daily loss of -0.83%. The move aligned with broader weakness across U.S. equities as sentiment turned sour due to political uncertainty surrounding Donald Trump’s trajectory. Risk-off flows extended beyond individual stocks, dragging down indices across Wall Street and weighing on major tech names like Google and Microsoft.
Google price dynamics (April 2025). Source: TradingView
As of the North American session today, Google is set to pre-open at $148.6, trading marginally higher but still stuck below a key near-term resistance at $150.5. This level, which previously acted as support, now aligns with both the 20-EMA and 50-EMA on the 1-hour chart — where a death cross recently emerged. The EMA crossover adds to the bearish outlook, suggesting that sellers could defend the $150.5 area aggressively.
April low in focus as GOOGL bears eye deeper move if $150.5 breakout fails
Unless Google breaks and holds above $150.5, the broader trendline rejection is likely to keep pressure on the stock. A failed breakout may invite renewed selling, increasing the likelihood of a move below the April low, which also marked the lowest price since March 2024.
Technically, the rejection at $161.6, the breakdown through former support levels, and the death cross have formed a bearish structure that aligns with the current market narrative. Until sentiment shifts or key resistance levels are reclaimed, the short-term bias points lower.
Google dropped 5.5% this week, giving back over half of its post-tariff pause gains. The February downtrend resumed, and technical signals suggested more downsides ahead.
