Alphabet (NASDAQ: GOOGL) is picking up bullish momentum, emerging as the “dark horse” among the Magnificent Seven after flashing its first golden cross in over two years.
On the daily chart, the 50-day simple moving average (SMA) has crossed above the 200-day SMA, a technical signal that often precedes sustained uptrends. The move follows a strong Q2 earnings report, according to charting platform TrendSpider.
At the close of the last trading session, GOOGL stock was valued at $194.08, up 0.46% on the day and 3.76% over the past week.
In addition to the golden cross, Alphabet’s stock has cleared a dense volume zone, entering an area of lighter resistance, a setup that often fuels sharp rallies.
Now trading above both key moving averages, with the crossover near $176 and $177 likely acting as support, GOOGL shows strong institutional backing. The rising volume since the early July breakout, along with a pattern of higher highs and higher lows, further confirms the bullish trend.
Alphabet’s Q2 2025 results provided fundamental support for the rally. The company reported $96.43 billion in revenue, a 14% year-over-year increase, while net income rose 19% to $28.2 billion.
Diluted EPS came in at $2.31, a 22% jump from the prior year. Google’s core businesses, including Search, YouTube Ads, and Subscriptions & Devices, all delivered strong growth, while operating margins held steady despite rising capital investments.
Wall Street turns bullish on GOOGL shares
Meanwhile, Wall Street remains bullish on the American technology giant. Of 37 analysts covering the stock over at TipRanks, 28 rate it a ‘Buy,’ and none recommend selling. The consensus 12-month price target stands at $215.11, representing an 11.35% upside. Price forecasts range from $160 to $250.
However, it’s worth noting that Alphabet also faces legal headwinds. The company has been found liable for antitrust violations related to its search practices. A ruling on remedies by Judge Amit Mehta is expected in August, following the Justice Department’s victory.
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