Alphabet Inc. (GOOG) stock price jumped higher in its latest intraday trading, attacking the key resistance level of $208.70. The stock remains under the control of the primary upward trend, trading along a short-term supporting trendline, with continued positive pressure from its position above the 50-day simple moving average. However, RSI indicators are showing negative signals, which may temporarily cap further gains.
Therefore, we expect the stock price to rise in its upcoming trading sessions, provided it first breaks through the mentioned resistance of $208.70, to then target its next resistance at $226.50.
Todays price forecast: Bullish