Alphabet stock pulls back to $161.70 as four-day rally shows signs of fatigue
Alphabet Inc. (GOOGL) stock posted a solid four-day winning streak and is starting to show signs of exhaustion.
The upward momentum that carried the stock from late last week into Monday has stalled, as technical and volume-related signals now suggest a possible cooling phase in the near term.
On Monday, May 5, Alphabet shares opened near $162.50 and climbed as high as $165.40, clearing last week's high at $165. However, the rally faded before reaching April’s monthly peak, a resistance level at $166.10. The stock pulled back from the session high and closed at $164.20, posting a 0.75% daily gain but leaving a noticeable upper wick, reflecting intraday selling pressure.
GOOGL stock price dynamic (Jan - May 2025)
The retracement continued into Tuesday's premarket session, where the stock traded around $161.70, a three-day low and roughly 1.5% below the previous day’s close. This price drop has pushed the stock back below the 20-day EMA, chipping away at gains made earlier in May. The move suggests that short-term buyers are stepping aside as the uptrend loses steam.
Google stock EMA golden-cross and RSI hold bullish amid pullback
Volume data further supports this notion. Despite the series of bullish closes over the last four sessions, each daily candle was accompanied by declining volume. This pattern often points to weakening buying conviction, where price moves upward on diminishing participation, typically a warning of limited upside continuity unless new catalysts step in.
Still, the broader technical picture isn’t entirely bearish. The 20- and 50-day EMAs remain in a bullish alignment just below the $160.00 mark, reinforced by a recent golden cross. These levels could act as support if the current retracement deepens. Immediate support now lies at $161.30, a level that may provide short-term stability and attract new bids.
Meanwhile, RSI indicators on both the daily and 4-hour charts are still in bullish territory, suggesting the pullback may be part of a healthy reset rather than a shift in trend. For now, Alphabet’s short-term trajectory hinges on whether current support levels can absorb the profit-taking pressure and restore momentum for another push higher.
Alphabet stock extended its rally into May, but legal risks capped further gains. Price action showed higher highs and lows, yet momentum faded after three straight bullish sessions.
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