Alphabet stock tumbles nearly 5% as Turkey threatens antitrust probe
Alphabet stock suffers sharpest June loss after Turkey antitrust threat
Alphabet Inc. stock recorded its sharpest single-day loss in June last Friday after news broke that Turkey’s antitrust authority may investigate Google’s Performance Max product for possible violations of competition laws.
The news pressured investor sentiment, triggering a sharp selloff that took the stock from $174 at the open to a low of $165.50, down 4.88% on the day.
Highlights
-Alphabet posted its steepest daily loss in June after Turkey's antitrust probe threat
-Price crashed below the 20, 50 and 100-day EMAs on highest volume since April
-RSI turned bearish while $166 support holds the line for now
The magnitude of the decline broke through key technical support levels including the 20, 50, and 100-day EMAs. Volume surged significantly during the selloff, marking the highest trading activity in Alphabet stock since April. This confirms that Friday’s move was not a shallow correction but a broader shift in sentiment tied to both technical and fundamental factors.
GOOGL stock price dynamics (Dec 2024 - June 2025). Source: TradingView
On the chart, Friday’s drop brought the price to the base trendline of the ascending channel that has defined Alphabet’s upward trajectory since April. That channel support, along with horizontal price support, at $166, helped prevent the stock from sliding further toward a four-month low. The confluence of these supports offers a technical foundation for potential dip-buying interest, especially if the broader market environment remains constructive.
GOOGL volume surge confirms institutional selling amid retest on channel base
However, the technical backdrop is not without concern. The daily RSI has now entered bearish territory, suggesting the momentum has shifted to the downside. Furthermore, the broken EMA levels are now positioned as layers of resistance. The 50-day EMA sits at $168.20, the 100-day at $168.90, and the 20-day at $171.90. Until price reclaims these levels, buyers may find it difficult to build sustained upside momentum.
As of Monday’s premarket session, Alphabet stock is trading near $167.17. While the stock has not broken below last Friday’s low, a further breach of the $166 support would expose it to extended losses toward the psychological $160 level. This level will likely serve as the next key technical target if bearish pressure intensifies.
For now, the regulatory risk and technical fragility sets the tone of Google stock price. A firm recovery above the broken EMAs is needed to restore bullish confidence. Until then, price action could stay pressured by headline risk and trend structure.
Alphabet price dropped below the 50% Fibonacci level and RSI gave a sell signal. The stock weakened to $172.9 after breaking $175 support and underperforming top tech peers.
