How Important is the $1,000 Level for Google?
Google’s parent company, Alphabet (Nasdaq: GOOGL), has been trending lower over the last four months and the downtrend has brought the stock down to the $1,000 level. When we look at the weekly chart, we get an idea of how important it is that the stock remains above the round-number support area.
Back in mid-2017, the stock was rising pretty rapidly in the second quarter, but ran in to some resistance at the $1,000 mark in late May and again in July.
Once the stock broke through the level, it rallied up to the $1,200 mark before pulling back to the $1,000 level back in late March, hovering there for a few months. The stock then rallied all the way up to an all-time high of $1,291.44 in July.
It is also interesting that the 104-week moving average is part of the story at this time. The last time the stock was flirting with that trendline was at the beginning of 2015, when it was using the $500 level as support.
The way I see it, it is crucial that Google remain above the $1,000 mark for several reasons.
First, from a technical perspective, the next minor layer of support for the stock is in the $920 area, but after that it is all the way down to $800 for the next support level.
The second problem for Google is the amount of bullish sentiment toward the stock. There are 43 analysts following the stock and 38 have it rated as a “buy,” while the other five have it rated as a “hold.” The short interest ratio is a paltry 0.78.
If the stock breaks through the support at $1,000, the number of investors and analysts that could flip sides could cause an accelerated move to the downside.
Aroon Indicator for GOOGL shows an upward move is likely
GOOGL's Aroon Indicator triggered a bullish signal on June 20, 2025. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 286 similar instances where the Aroon Indicator showed a similar pattern. In of the 286 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for GOOGL just turned positive on July 01, 2025. Looking at past instances where GOOGL's MACD turned positive, the stock continued to rise in of 51 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where GOOGL advanced for three days, in of 352 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The 10-day RSI Indicator for GOOGL moved out of overbought territory on June 11, 2025. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 47 similar instances where the indicator moved out of overbought territory. In of the 47 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
The Momentum Indicator moved below the 0 level on July 01, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on GOOGL as a result. In of 86 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
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 of 62 cases within the following month. The odds of a continued downward trend are .
GOOGL broke above its upper Bollinger Band on June 10, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Tickeron Valuation Rating of (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 (6.821) is normal, around the industry mean (11.909). P/E Ratio (26.802) is within average values for comparable stocks, (50.062). Projected Growth (PEG Ratio) (1.626) is also within normal values, averaging (3.572). Dividend Yield (0.000) settles around the average of (0.027) among similar stocks. P/S Ratio (6.435) is also within normal values, averaging (20.696).
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 89, placing this stock better than average.
The Tickeron SMR rating for this company is (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 Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Price Growth Rating for this company is (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 (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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a holding company with interests in software, health care, transportation and other technologies
Industry InternetSoftwareServices
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