Alphabet stock closes June up 2.86% after $181 double top caps monthly advance
Alphabet stock ends June with a 2.86% daily gain
Alphabet [GOOGL] stock closed out June on a cautious note after printing a clear double top formation near the $181 resistance level.
On Monday, the final trading day of June, the stock initially extended the previous week’s rally, driven by strong momentum and positive sentiment across tech names. However, after testing $181, a level that had already capped advances earlier in the month, sellers stepped in forcefully. This rejection led to a sharp decline, pulling the stock price down to the $175 support level before a mild recovery to close at $176.18.
- Alphabet stock ends June with a 2.86% daily gain
- RSI signals across all timeframes remain bullish despite short-term pullback
- $181 resistance or $175 support to define next leg in Alphabet’s trend
The importance of the $175 support level was reinforced by its confluence with the 20 EMA on the 1-hour chart. This alignment helped cushion the decline and provided a temporary floor for buyers to regroup. Despite Monday’s price swing, Alphabet still managed to record a modest daily gain of 2.86%, bringing its total second-quarter advance to 13.8%. This quarterly result marks a notable improvement over the first quarter of 2025 and highlights persistent investor interest in big tech.
GOOGL stock price dynamics (Sept 2024 - June 2025). Source: TradingView
Heading into Tuesday’s premarket session, Alphabet traded slightly lower near $175.9. The price action remains confined between the $181 resistance zone and the $175 support level. From a structural perspective, Alphabet has maintained a bullish trend, characterized by higher highs and higher lows inside a broader ascending channel. This formation suggests that unless $175 breaks decisively, the longer-term uptrend stays intact.
Alphabet RSI readings across timeframes reinforce bullish structure
The RSI momentum indicator across multiple timeframes, including the monthly, weekly, daily, and 4-hour, all sit firmly in bullish territory. This reinforces the view that the stock’s overall momentum points higher, despite the short-term hesitation at $181. The upcoming test of the resistance zone at $181 will be crucial. A successful breakout above this level could signal a renewed push towards fresh highs, while failure might prompt another drop towards the psychological $170 level.
Looking at broader fundamentals, the strong momentum in tech stocks has been supported by enthusiasm around the AI revolution. This optimism is visible across semiconductors, software, and the enterprise and consumer sectors. As investors digest upcoming economic data, particularly Fed Chair Powell’s comments on rate policy and the ISM Manufacturing PMI reading, Alphabet’s near-term trajectory may depend on whether these catalysts confirm continued growth expectations or inject caution.
The immediate bullish objective for Alphabet stands at the double top resistance near $181. On the downside, a bearish shift could target the $170 psychological support. Market participants will be closely monitoring these levels as they gauge whether Alphabet can sustain its bullish structure into the second half of the year.
Alphabet stock rebounded as investor sentiment improved on AI prospects and easing Middle East tensions. Price respected the May trendline support and advanced toward $175 resistance level.
