Alphabet Hitting Technical Support Ahead of Earnings
Google parent Alphabet (Nasdaq: GOOGL) is set to report earnings Thursday after the closing bell and the stock has hit a technical support level ahead of the report.
Like the rest of the tech sector, Google has been trending lower over the last few months and it is testing its 52-week moving average. In this case though, Google has another support level in addition to the moving average.
Over the last two years, all of the major dips in the stock can be connected with one trendline. The stock has touched that trendline in each of the last three weeks, but has remained above the trendline.
You can see that the stock’s overbought/oversold indicators are as low as they have been in the last few years which is another good sign that the stock could be due to rally. The 10-week RSI hit its lowest level since the summer of 2016 while the weekly stochastic readings are hitting oversold levels for only the fifth time in the last three and a half years.
The sentiment indicators on Alphabet are pretty optimistic, but they have been that way for as long as I can remember. The short interest ratio is a paltry 0.97, but the ratio has been below 2.0 for most of the past year. It was hovering right around 1.0 back at the end of March when the stock bounced off the trendline.
There are 43 analysts following the stock and 38 of them have the stock rated as a “buy” and the other five have it rated as a “hold”. These figures are exactly the same as they were back in July when the company last reported earnings.
Analysts expect the company to report earnings of $10.42 on revenue of $34.04 billion for the third quarter. The EPS estimate has been ratcheted down from $10.46 over the last 30 days. This suggests that the bar is being lowered slightly heading in to the earnings report.
Regardless of what Alphabet’s earnings report says, it will take quite a bit of selling pressure to move the stock below the trendline and with the stock as oversold as it is, that doesn’t look likely in my view.
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GOOGL in upward trend: price rose above 50-day moving average on October 05, 2026
GOOGL moved above its 50-day moving average on October 05, 2026 date and that indicates a change from a downward trend to an upward trend. In 26 of 36 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are 72%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on October 07, 2026. You may want to consider a long position or call options on GOOGL as a result. In 57 of 80 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 71%.
The Moving Average Convergence Divergence (MACD) for GOOGL just turned positive on October 05, 2026. Looking at past instances where GOOGL's MACD turned positive, the stock continued to rise in 31 of 49 cases over the following month. The odds of a continued upward trend are 63%.
Following a +1.16% 3-day Advance, the price is estimated to grow further. Considering data from situations where GOOGL advanced for three days, in 228 of 339 cases, the price rose further within the following month. The odds of a continued upward trend are 67%.
GOOGL may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.
The 10-day moving average for GOOGL crossed bearishly below the 50-day moving average on October 02, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In 12 of 17 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 71%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where GOOGL declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 62%.
The Aroon Indicator for GOOGL entered a downward trend on September 16, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron Profit vs. Risk Rating rating for this company is 14 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 94, placing this stock better than average.
The Tickeron SMR rating for this company is 20 (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of 33 (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (6.734) is normal, around the industry mean (1.332). P/E Ratio (17.198) is within average values for comparable stocks, (412.981). Projected Growth (PEG Ratio) (1.225) is also within normal values, averaging (17.274). Dividend Yield (0.002) settles around the average of (0.015) among similar stocks. P/S Ratio (9.416) is also within normal values, averaging (71.888).
The Tickeron Price Growth Rating for this company is 42 (best 1 - 100 worst), indicating steady price growth. GOOGL’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is 81 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
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