Alphabet Inc (GOOG) stock declined slightly in its latest intraday trading after stabilizing at the key resistance level of $256.70, taking profits from its previous gains while attempting to gain new positive momentum that could help it break through that resistance. The move is supported by ongoing dynamic strength from trading above the previous 50-day SMA and under the dominance of the main bullish trend on both the medium- and short-term charts, along with positive signals from the relative strength indicators.

Therefore, we expect the stock to rise in its upcoming trading sessions, especially if it breaks above the mentioned resistance level of $256.70, targeting its next resistance at $285.40.

Todays stock forecast: Bullish.