Google Stock Forecast: Trend Line Rejection Indicates

Hello traders and investors! Today, we’re focusing on Google (Alphabet Inc.) stock, currently trading around $174.

Weekly timeframe 

Google Stock Forecast

As highlighted in the chart, Google stock has recently broken below a key trend line as well as a major support level. After the breakout, the price moved slightly upward to retest the trend line, where it faced strong rejection.

What Does This Mean?

This rejection near the trend line could signal increased bearish pressure, suggesting that the stock may move lower in the short term.

• If the price starts to decline from this rejection area, we could see a continuation of the downtrend, especially as stop-loss levels may begin to trigger.
• If the price doesn't drop immediately, there’s still an order block slightly higher, which could act as a resistance zone—providing another possible level from which the price may reverse downward.

Traders should closely watch how the price behaves around the retested trend line and upper order block for further confirmation. These areas present potential sell opportunities depending on lower time frame setups and candlestick confirmatve.