Alphabet stock heads toward $180 pivot despite Waymo disruption and falling volume
Alphabet stock is showing further strength in the premarket session, trading at $176.46
Alphabet stock is extending its multi-month uptrend, building on a series of higher highs and higher lows that began in early April.
The current leg of this rally, which gained strength through June, is backed by technical signals and steady investor appetite, despite recent operational disruptions.
- Alphabet gains 1.5% on Monday and tests May high in Tuesday premarket
- RSI signals bullish momentum without overbought exhaustion
- Golden cross at $168 reinforces multi-month uptrend trajectory
On Monday, June 9, Alphabet shares rose by 1.5%, closing at $176.10 after hitting an intraday high at $176.20. This move brought the stock within striking distance of its previous three-month high at $176.88.
GOOGL stock price dynamics (March - June 2025). Source: TradingView
Today, Tuesday, June 10, Alphabet stock is showing further strength in the premarket session, trading at $176.46. The sustained push in early trading suggests investor confidence in the stock’s trajectory remains intact, even as its autonomous driving unit, Waymo, temporarily paused services in downtown Los Angeles following vehicle damage during protests. The fact that shares rose in the face of this disruption highlights the market’s broader bullish sentiment.
Alphabet RSI above average but below overbought supports continued upside
A key technical milestone occurred recently on the daily chart, where the 20-day EMA crossed above the 100-day EMA at $168. This golden cross reinforces the long-term bullish outlook, signalling sustained upward momentum. The RSI has also moved above its own average and is situated within bullish territory, yet not at overbought levels. This indicates there is still room for further upside before momentum reaches an exhaustion point.
Despite the price strength, one technical caution emerges from volume. The recent leg higher in June has been marked by declining volume, suggesting the rally is progressing on less participation. However, as long as price continues to make higher highs and respects support levels, the structure of the uptrend remains valid.
Looking ahead, the next key upside objective is the psychological pivot at $180. A clear break above the May high at $176.88 would confirm the continuation toward that level and mark Alphabet’s highest price in four months. On the downside, immediate support lies near the $170 area, protected by the 20, 50 and 100 EMAs on the 1-hour chart.
Alphabet technical breach below 0.786% Fib level sets stage for further downside. Daily RSI approaches bearish territory as trend momentum continues to deteriorate.
