GOOG Selling Exhaustion Signals Near $278.27
Alphabet Inc (GOOG) finished unchanged at $278.27 on November 4.
Technical indicators paint a bearish picture:
Moving Averages
Price sits below both the 9-day ($297.90) and 21-day ($315.53) EMAs, suggesting short-term weakness.
Momentum
RSI at 21.0 is depressed in oversold territory, where bounces often originate. MACD is bearish (-15.38 vs signal -9.16).
Volatility
Bollinger Band width at 30.9% indicates normal volatility.
Despite the bearish EMA structure, oversold RSI suggests patient buyers may find opportunity near $273.92.
Traders are watching $273.92 on the downside and $374.01 on the upside.
