Alphabet Stock Drops 10% From Peak, Now Testing Key Support at 334.5

Alphabet stock is correcting after blowout earnings, closing at 338.36 โ more than 10% below its recent peak. The gap between strong fundamentals and a weakening tape defines this setup.
Key takeaways
- Alphabet stock closed at 338.36, more than 10% below its recent peak but still above the 200-day EMA at 326.68.
- Daily RSI14 at 44.75 confirms momentum has softened without tipping into oversold territory.
- The hourly chart regime is explicitly bearish, with price below all three key EMAs including the 200-EMA at 344.3.
- Bullish recovery requires reclaiming the daily 20-EMA at 342.91; bearish extension hinges on a breakdown below S1 at 334.5.
- The 15-minute chart shows ATR compressing to just 0.87, signaling a consolidation that precedes the next directional move.
Alphabet Stock Daily Structure Turns Neutral-to-Bearish
The daily chart shows Alphabet stock in a pullback within a larger uptrend, not a full reversal. Price holds above the 200-day EMA at 326.68. However, it sits below both the 20-EMA at 342.91 and the 50-EMA at 347.49.
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