Alphabet stock prints indecision candlestick after six-day winning streak
GOOGL prints a Doji after a six-day rally
Alphabet Inc. stock has enjoyed a strong bullish run, currently on its sixth consecutive day of gains, marking its longest winning streak since September 2024.
This sustained upward momentum pushed GOOGL shares to reach an intraday high of $184.35 on Wednesday, moving just above the prior day’s high of $184.2 and recording its highest trading level since February 20, 2025, when it last closed at $184.5.
- GOOGL prints a Doji after a six-day rally near February highs
- Thursday premarket dips 0.47% below $182.47 short-term EMA
- Price action now tests breakout strength as buyers and sellers fight for control
However, despite the early strength in Wednesday’s session, price action lost steam into the close. The stock retreated from its high and ended the day at $183.25, nearly flat from its $182.8 opening price. This price behavior formed a Doji candlestick on the daily chart, a technical signal often associated with market indecision. The Doji's appearance suggests that although buyers and sellers both tried to push the stock, neither side maintained control, hinting at a short-term pause or possible turning point.
GOOGL price dynamic (May - July 2025). Source: Tradingview
The Doji has emerged following a multi-day rally, raising the probability of either a brief pullback or continuation. Price action in the next sessions will determine whether the consolidation resolves to the upside or if sellers take control.
GOOGL stock uptrend still intact unless selling holds through cash session
Thursday’s early premarket session has leaned in favor of short-term weakness. GOOGL stock is down by 0.47% at $182, breaking below Wednesday’s low and dipping under the 1-hour 20 EMA at $182.47. This suggests early bearish intent, and market participants are watching closely to see if the break below Wednesday’s low confirms a bearish breakout from the two-day consolidation range.
If bearish pressure holds through the cash session, the next key level is the $181 zone. This level, which acted as resistance in June, now serves as near-term support. A rebound from that zone could reset the structure and sustain the broader uptrend. If instead buyers regain control during today’s session and push price back above the Doji high, then the recent consolidation may serve as a launchpad for continuation toward $185 and beyond.
Despite today's early weakness, the broader trend still favors buyers. A six-day uptrend reflects strong sentiment, and unless confirmed by follow-through selling, the pullback may simply be a healthy pause.
Alphabet stock rose as investors reacted positively to new tech and AI partnerships. It broke $181 resistance and reached $183.70 as RSI climbed above 61 confirming bullish strength.
