Alphabet Shares Slide Below 200‑Day Moving Average Ahead of Q3 Earnings

Alphabet Inc. (GOOGL) is trading more than 17 months‑old low below its 200‑day moving average, with the drop reaching the widest margin in that period. The stock is near $317 as investors await Q3 earnings, while Wall Street analysts maintain a bullish stance: 12 of 13 tracked analysts rate the stock a buy with an average target of $433, 35% above Friday’s close. Earnings guidance for Q3 projects revenue of about $127.9 billion, up roughly 25% YoY, and Google Cloud sales are expected to nearly double to $29.15 billion. Alphabet has raised its 2026 capital‑expenditure guidance to $195 billion–$205 billion, which has pushed free cash flow into negative territory for the first time since its 2004 IPO. Technical analysis shows the shares have broken a symmetrical triangle and a key Fibonacci retracement at $306, with further support levels at $275 and $221. The weekly RSI also broke a support trendline, indicating potential bearish momentum if the stock fails to recover to the $331–$345 range. The outcome of Alphabet’s earnings could influence sentiment around AI spending and the broader tech sector.