Alphabet Beats Revenue Expectations, Cloud Unit Hits Record
📊 GOOGL — Piyasa Yorumu
▲ up · 65%Strong revenue and a record performance from the cloud unit serve as a positive catalyst for the stock. Although the RSI at 68 is approaching overbought territory, it is not yet excessive and remains above the MACD signal line, indicating positive momentum. The price is trading above both the 20-day and 50-day moving averages, supporting a short-term upward trend. However, the 1% gain over the past 24 hours and the elevated RSI could trigger some profit-taking in the near term. Overall, while the upward trend continues, cautious optimism prevails.
📊 GOOG — Piyasa Yorumu
▲ up · 70%Alphabet's revenue exceeded expectations and its cloud unit achieved a record, providing a positive catalyst for the stock. Technically, while the RSI at 66 approaches overbought territory, the MACD remains above the signal line, and both the SMA20 and SMA50 are trending upward. Short-term upward momentum may continue, but resistance at the $384 level could be tested. A positive gap at the open tomorrow is possible due to the news.