Will Alphabet stock hold $334.76 support as ongoing government talks cloud outlook?

Traders Union
All News
Financial News
Alphabet slides 3.11% after AI delay

Highlights

Alphabet has delayed the launch of its Gemini 3.5 Pro AI model, introducing fresh uncertainty around future AI-driven revenues.
Ongoing partner testing and consultations with the U.S. government are slowing Gemini 3.5 Pro’s path to commercialization.
GOOGL trades below key moving averages with strong intraday bearish momentum; next 2–3 days expected range is $334.76–$357.10.

Uncertainty rises amid Gemini 3.5 Pro AI launch delays

Alphabet experienced increased scrutiny after multiple reports on July 16 indicated a delay in the launch of Google's Gemini 3.5 Pro AI model. According to Cnbc, Alphabet confirmed that this advanced AI product remains in testing with partners and is subject to ongoing discussions with the U.S. government. The postponed launch stalls expected advances in the company's AI business pipeline and adds uncertainty to the timeline for capturing new revenue streams from artificial intelligence offerings.

Technical sell momentum confirmed as key averages breached

GOOGL is trading below the 20-period moving average at $364.99 and the 50-period moving average at $360.08 on the hourly chart, while remaining above the 200-period moving average at $321.14. Immediate resistance is set by the Ichimoku Kijun at $363.16. The Relative Strength Index (RSI) sits at 38.87 and the Commodity Channel Index (CCI) also indicates sell signals. Both the Stochastic RSI and Bull/Bear Power confirm oversold conditions and dominant selling momentum for intraday moves. The Moving Average Convergence Divergence (MACD) is neutral, while the Average Directional Index (ADX) continues to reflect a prevailing sell trend, and the Awesome Oscillator shows pronounced downside pressure.

Downside risk prevails with limited bullish breakout chances

In the next 2–3 trading days, the price is expected to move within a corridor of $334.76 to $357.1, reflecting a typical volatility band relative to current levels. The likelihood of a sustained upward move is considered very low, with the balance of probability strongly favoring continued downside or range-bound activity. A clear bullish scenario would require a breakout above $363.16, while a break below $334.76 would open the door for further declines.

Anton Kharitonov, expert at Traders Union, sees Alphabet’s technical and news-driven setup as fragile. He notes the delayed Gemini 3.5 Pro launch amplifies negative sentiment and keeps near-term resistance firmly in place. Key technical markers suggest continued downside or stagnant movement unless $363.16 is reclaimed. "As long as Alphabet remains stalled below its major averages and AI rollout is uncertain, I remain defensive on the stock."

Earlier, analysts noted that Alphabet’s technical structure remained bullish despite rising regulatory and AI-related uncertainties. However, with the stock now experiencing short- to medium-term pressure and AI delays further clouding sentiment, traders should closely monitor $334.76 as the next major support that could signal further downside if breached.

Source of Data: GOOGL Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.