Alphabet’s recent price action suggests a brief consolidation phase following a powerful uptrend. After a sustained advance through late summer, price has developed a bull flag pattern — a downward-sloping channel (highlighted in blue) forming just below recent highs, often seen as a continuation setup within strong trends.
The 50-day SMA (blue) continues to rise sharply above the 200-day SMA (red), confirming the broader bullish structure. Price remains comfortably above both moving averages, reinforcing underlying strength despite short-term pullback behavior.
Momentum indicators show mixed signals typical of consolidation:
The MACD has flattened slightly, with the signal lines converging but still holding in positive territory, indicating a temporary slowdown rather than a full reversal.
The RSI (14) has eased from overbought levels to around 63, suggesting that buying pressure has cooled but remains generally supportive of the trend.
Overall, Alphabet’s chart maintains a constructive technical setup. The bull flag pattern, combined with rising moving averages and resilient momentum, indicates that the broader uptrend remains intact pending a confirmed breakout from the consolidation channel.
-MW
The 50-day SMA (blue) continues to rise sharply above the 200-day SMA (red), confirming the broader bullish structure. Price remains comfortably above both moving averages, reinforcing underlying strength despite short-term pullback behavior.
Momentum indicators show mixed signals typical of consolidation:
The MACD has flattened slightly, with the signal lines converging but still holding in positive territory, indicating a temporary slowdown rather than a full reversal.
The RSI (14) has eased from overbought levels to around 63, suggesting that buying pressure has cooled but remains generally supportive of the trend.
Overall, Alphabet’s chart maintains a constructive technical setup. The bull flag pattern, combined with rising moving averages and resilient momentum, indicates that the broader uptrend remains intact pending a confirmed breakout from the consolidation channel.
-MW
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.