Alphabet Inc. (GOOG) moved lower in recent intraday trading as the stock attempted to work off some of its pronounced overbought conditions on the momentum indicators, particularly as fresh bearish signals have begun to emerge. This pullback could also help the stock rebuild positive momentum needed to resume its recovery and advance once again. The latest decline brought the stock back to its 50-day Simple Moving Average (SMA), which is acting as dynamic support, while the primary medium-term uptrend remains firmly in place, with price action continuing to move alongside an ascending trendline that reinforces the prevailing bullish bias.

Therefore, our outlook remains bullish for the stock's upcoming trading sessions, as long as support at $350.00 remains intact. Under this scenario, the stock is expected to target the key resistance level at $399.90.

Today's price forecast: Bullish.