Mapping the market: Alphabet shares may be ready for a corrective rally
Alphabet shares have fallen more than 30% peak-to-trough since May, but technical analysis suggests a temporary bounce could lift them to $315-$320. A fall below the $272-$275 support zone would likely extend the downtrend.
1. Potential support zone
Alphabet shares have been on the slide since May, losing more than 30% peak-to-trough. The stock appears to have found support around $270-$275, where a $274.57 Fibonacci retracement coincides with monthly lows of $270.70 in November 2025 and $272.11 in March 2026.
2. Signals remain mixed
After falling beneath the bottom of a trend channel, Alphabet shares have bounced back above it. The channel’s center line around $315-$320 is a potential target for a corrective rally. Weekly RSI signals the possibility of gains, while MACD and Bollinger Bands indicate continued risk of a fall; a break below $272-$275 would probably extend the downtrend.
