Google stock jumps 5% premarket as AI-driven ad growth fuels bullish breakout
The stock jumped another 5% to $168.70
Alphabet Inc. (Google) Class A stock price has broken away from its multi-week downtrend that held sway since February, staging a decisive bullish reversal that is both technically and fundamentally driven.
The breakout comes after Alphabet reassured investors that its aggressive AI investments are already translating into stronger advertising revenue, helping offset the slowdown in its cloud business. That investor confidence triggered a sharp repricing seen in the previous day’s price action.
Alphabet Class A shares opened at $156.18 on Thursday, April 24 and briefly tested support at the 20-day moving average near $155.80 before surging 2.43% to an intraday high of $159.60. The day closed at $159.30—marking a notable shift from last week’s bearish tone and contributing to a 7% gain on the week and 3.7% for the month. This performance has further reduced Alphabet's losses in April to -14%.
Google price dynamics (Jan - April 2025). Source: TradingView
The bullish momentum carried into Friday's premarket session, where the stock jumped another 5% to $168.70. This price move decisively broke above the prior three-week high of $161.70 and also cleared the 50-day moving average at $163.70. That clean break above both technical barriers has turned near-term sentiment upward.
Alphabet’s stock bullish RSI shift supported by price structure and investor sentiment
The Relative Strength Index (RSI) also support the strength of the move. On both the 4-hour and daily charts, the RSI has shifted into bullish territory, validating the recent upward move and suggesting further potential for price expansion.
Technically, Alphabet’s bullish breakout is occurring above the 20- and 50-day moving averages, further confirming the change in direction. The next resistance to watch sits at $169.00, just above Friday’s premarket high. A close above that level would reinforce the bullish reversal and could extend the recovery, especially as Alphabet continues to draw investor support for its $75 billion data centre and AI infrastructure plan.
Google stock reversed early losses and broke past resistance at $150.60, reaching $152.20. The rebound came despite regulatory concerns, driven by renewed optimism over U.S.-China trade relations.
