Alphabet Pauses Near Highs Pre-Earnings

$Alphabet(GOOG)$

$268.43 (−0.56%): Pre-earnings pause near highs; hold $267 keeps $271–$275 breakout path

Market Recap (as of Oct 29, 2025):

Alphabet slipped −0.56% to $268.43 after a run to $271.38 intraday (range $267.17–$271.38). Volume ~20M vs ~21.1M avg (slightly below).

Earnings are after the close; pre-market shows a mild bid around $269.9—positioning rather than risk-off.

Technical Indicators Analysis:

RSI(14) ~71 (strong/near overbought) while MACD is rising with a widening positive histogram. Price rides above EMA20/50/200 and sits just under the prior high—classic “pause at resistance.”

Base case (1–3 weeks): sideways-up. A firm close > $271.4 likely unlocks $274–$275; failure to hold $267 opens a $265–$262 retest to rebuild energy.

Support / Resistance:

Support: $265.0–$267.2
Resistance: $271.4–$275.0

Valuation and Target Range:

TTM P/E ≈ 28.7×, modestly above the S&P 500 (~25×) but reasonable for megacap growth; forward dividend ≈$0.84 (0.31%).

Near term: hold $267 → aim $271–$275; a daily close < $265 shifts bias toward $262.

Risk Statement:

Earnings prints can gap sharply; headline and guidance sensitivity are high. This note is for technical reference only and not investment advice.

Data Source: Yahoo Finance & TradingView (daily chart, Oct 29, 2025). Prepared by Tiger Morning Brief | For internal use only.

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