Based

Alphabet

Million

Resistance

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>GOOGL stock price increased by 6.26% over the past week and the current volume is above the 10-day average volume.</a> </li> 
 <li> <span>2</span> <a>Alphabet Inc (NASDAQ: GOOGL) stock’s 52-week price range is around $81 – $144.</a> </li> 
</ul> 
<p>Alphabet’s earnings have been increasing by an average of 23.1% per year, while the industry it belongs to only grew by 5.3% per year. Alphabet’s revenues have also been rising by an average of 18.5% every year. Alphabet has a return on equity of 22.8% and a net margin of 21.1%.</p> 
<p>GOOGL stock has been rising since November 2022, before the beginning of 2023, and has shown buyer accumulation with the buyers piling up. Based on recent data, the revenue of the period ending June 2023 was $74.60 Billion with a net income of $18.37 Billion.&nbsp;</p> 
<p>GOOGL stock price was at $136.71 with an intraday increase of 1.01%. Moreover, the intraday trading volume of GOOGL is 20.749 Million lower than the 10-day aggregate volume of 25.177 Million.</p> 
<p>The GOOGL stock estimated EPS for the period ending June 2023 was 1.344, and the reported EPS was 1.44 which gave a positive surprise of 7.13%. Moreover, the forecasted EPS for the next quarter is positive at 1.44.</p> 
<h2 class="wp-block-heading" id="strong-technical-analysis-of-googl-stock-price-in-1-d-timeframe-strong"><strong>Technical Analysis of GOOGL Stock Price in 1-D Timeframe</strong></h2> 
<p>The GOOGL stock price has been rising from $83 with a strong uptrend and making new highs. The price action suggests that the GOOGL stock is ready for more growth in the future. The GOOGL buyers are supporting the price at these levels.</p> 
<p>The GOOGL stock is still in a strong uptrend above the key moving averages. The trend halted at the 23.60% fibo level but recovered quickly. On the daily charts, GOOGL stock is bullish and above the 20 and 50-day EMAs.</p> 
<p>The price also broke the previous high on August 29th, 2023, and kept going up. The price followed the Fibonacci levels of 61.80%, 50.00%, 38.20%, and 23.60% closely and respected them during the uptrend.</p> 
<p>The price also moved up on every earnings date. The next earnings are is October 24th, and the market might go up more until then.</p> 
<p>If Alphabet cannot keep the current level, the GOOGL price might fall to the next support levels around $126 and $122.</p> 
<p>But if the stock price stays at the current level and Alphabet price goes up, then it might reach the next resistance levels of $143 and $150.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh4.googleusercontent.com/YmCJIX_htKtsbe8rRCSFIh51GO9bibopy85pKwLT8p08BFCTcJW_jXuQ1HAuHedRP7RJfU1-8AesM2TXgsa_8K2IapT2FZdFYLBGxULbM_kuzhif2HvC9ikaznwXPol1KqfXpQlYMNJeqNDq7Ou9yxQ" alt="GOOGL Stock Forecast: Can (NASDAQ: GOOGL) Surpass $150 Soon?"> 
  <figcaption class="wp-element-caption">
    Source: GOOGL.1D.NASDAQ by TradingView 
  </figcaption> 
 </figure> 
</div> 
<p>At the time of publishing, Alphabet Inc. (NASDAQ: GOOGL) is trading above the major 20 and 50-day exponential moving averages (EMA), which is supporting the GOOGL price trend.&nbsp;</p> 
<p>The current value of RSI is 62.64 points. The 14 SMA is below the median line at 61.66 points. The MACD line at 2.25 and signal line at 2.18 are below the zero line. Collectively in GOOGL stock, all mentioned indicators <a href="https://www.thecoinrepublic.com/2023/09/06/google-stock-price-prediction-can-googl-stock-break-above-150/" rel="noopener noreferrer nofollow">highlight</a> positive sentiment.</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p>Alphabet Inc. (NASDAQ: GOOGL) chart indicates that the traders and investors of the stock price are bullish on the 1-D time frame. The <a href="https://www.thecoinrepublic.com/2023/09/06/google-stock-price-prediction-can-googl-stock-break-above-150/" rel="noopener noreferrer nofollow">price</a> action shows a bullish view at the time of publishing. The technical analysis tools of Alphabet stock price also support bullishness. The EMA, RSI, and MACD show upward signals in Alphabet stock price.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support levels</strong>: $126 and $122</li> 
 <li><strong>Resistance levels:</strong> $143 and $150</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.</p>

GOOGL Stock Forecast: Can (NASDAQ: GOOGL) Surpass $150 Soon?

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