Alphabet stock holds $170 support with bullish signals from 20 EMA
Alphabet stock consolidates near $176 as bulls eye breakout
Alphabet Inc. stock price has continued to maintain its broader uptrend within a defined bullish channel that began in April.
The recent price action shows the stock trading above the midpoint of that channel, reinforcing the structure of higher highs and higher lows that has shaped the ongoing rally.
Highlights
-GOOGL is consolidating near $176 with technical indicators pointing to a potential breakout above $177.4.
-The 20 EMA aligns with the $175 support level, reinforcing the consolidation zone and suggesting structural strength.
-The 4-hour RSI near 56 remains in bullish territory, supporting the case for continued upward movement.
Last week, GOOGL price pulled back after reaching a higher high at $181. The decline broke below the $175 level, briefly challenging the lower boundaries of support. However, the price rebounded off the channel’s midpoint and formed a higher low at $172.4. This rebound was significant because it reclaimed the $175 level, which previously acted as resistance during March and May. This week, the level has shifted roles and is now providing strong support.
GOOGL stock price dynamics (May - June 2025). Source: TradingView
On Tuesday, GOOGL stock extended its range briefly, printing a four-day high at $177.4. But the price could not hold those gains and retraced to test the $175 zone again. A bounce followed, lifting the stock to a close near $175.9. Since then, the price has moved into consolidation, staying locked between $175 and $177.4. That range has defined price movement since the start of the week.
Alphabet maintains higher low formation as traders eye break above $177.4
As of the premarket session on Wednesday, June 18, GOOGL is trading near $176. The ongoing consolidation suggests a buildup in directional bias, and technical signals indicate a possible breakout to the upside. The 4-hour chart shows the 20 EMA aligning perfectly with the $175 support level, adding an extra layer of structural support to the consolidation zone.
The 4-hour RSI currently reads near 56, holding in bullish territory and suggesting that momentum still favors the upside. The confluence of the 20 EMA support, bullish RSI reading, and the channel midpoint structure makes the case for another upward expansion.
If price breaks above $177.4, that would open the path toward retesting the recent high at 181. However, if the consolidation fails and GOOGL stock breaks below $175, the next support lies at the 4-hour 50 EMA near $171. Until then, the price is still technically positioned within a healthy bullish structure.
Alphabet stock reversed after hitting $181 as resistance capped the five-day rally. Price slipped below the 20 EMA on short-term charts, but RSI still pointed to a broader uptrend.
