Alphabet Wave Analysis – 30 October 2026
Published on October 30, 2026
Market Overview
As of October 30, 2026, various financial instruments are showing mixed performance. Notably, Gold is trading at $3974.16, down by 1.16%, while Bitcoin is at $77534.92, down by 1.84%. The US indices, including the NASDAQ 100 and S&P 500, are also experiencing declines of 1.29% and 0.52%, respectively.
Technical Analysis of Alphabet
The analysis indicates a bearish outlook for Alphabet Inc. (GOOGL). The stock has recently broken through a significant support level at $300.00, which is a critical psychological barrier. This breach occurred with a downward gap, suggesting strong selling pressure.
Furthermore, the stock has also broken the support trendline of a daily down channel that has been in place since May. This trendline's breach, combined with the earlier breakdown of the $315.00 support level, indicates that the stock is currently in an active impulse wave iii of the larger impulse wave 3 that began in August.
Given the prevailing strong daily downtrend, analysts predict that Alphabet's stock price may continue to decline towards the next support level at $270.00. This level is significant as it previously acted as a strong support point at the end of March, halting wave (4) of the stock's price movements.