Death Cross Alert: Alphabet Stock Drops The Signal, Bears Pick It Up

Benzinga
2025.04.08 15:25
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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.