Death Cross Alert: Alphabet Stock Drops The Signal, Bears Pick It Up
Alphabet Inc. (GOOGL/GOOG) stock is forming a 'Death Cross,' indicating a potential downtrend as it trades at $146.75, below its 50-day and 200-day moving averages. Technical indicators show a bearish outlook with an oversold RSI of 29.94 and a negative MACD of -6.71. The stock has dropped nearly 5% in the past week, contributing to a year-to-date loss of 22.5%. Concerns over tariffs, ad revenue, and antitrust issues are impacting investor confidence, leading to a price target reduction by JPMorgan from $220 to $180.
Alphabet Inc.‘sGOOGL GOOG stock is about to form thedreaded ‘Death Cross,‘ and investors aren't exactly searching for the upside.
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With Alphabet stock falling to $146.75, well below its 50-day simple moving average of $174.39 and 200-day SMA of $174.21, the bearish signal couldn't be louder.
The Death Cross—when the 50-day moving average slips below the 200-day—is a classic red flag that a downtrend might be starting. Alphabet stock is heading right towards it.
Read Also: Apple Stock’s Death Cross: Is The iPhone Maker Heading For A Rotten Summer?
Alphabet Stock Technicals Say ‘Bearish’ – Loud & Clear
The stock is now trading below all key exponential moving averages, from the five-day to the 50-day. Add to that a Relative Strength Index (RSI) of 29.94 — firmly in oversold territory — and a Moving Average Convergence Divergence (MACD) reading of a negative 6.71, and the technical picture spells one thing: strongly bearish.
Even slight buying pressure hasn't been enough to reverse course over the past week, where Alphabet stock dropped nearly 5%, bringing its year-to-date losses to a steep 22.5%.
Read Also: Apple, Facebook, And Google Become Bargaining Chips In US Trade War: EU Threatens Retaliation, UK Offers Tax Relief For Lower Tariffs
The Wiz Bet And Cloudy Growth Outlook
Alphabet's $32 billion cash acquisition of cybersecurity firm Wiz left investors puzzled. Is it a defensive move in a tougher cloud landscape or a power play against Amazon.com Inc AMZN and Microsoft Corp MSFT? Either way, the bet hasn't impressed the Street — not yet.
With its annual cloud conference kicking off on April 9, all eyes are on whether generative artificial intelligence news can reboot sentiment. So far, hopes are muted.
Ad Woes, Tariffs & DOJ Trouble
On the macro front, tariff fears and rising recession risks are casting long shadows over Google's core advertising business. JPMorgan slashed its price target to $180 from $220 and cut 2025 search ad growth estimates to just 3%, down from 9%.
Meanwhile, Alphabet still faces the antitrust heat from the Department of Justice.
The result? Wall Street's confidence is eroding, just like its moving averages.
Read Next:
- Nvidia And Google Bet Big On Quantum AI With $150M Investment In SandboxAQ, Raising Series E Round To $450 Million
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