Analysis:
GOOGL has entered a consolidation phase, trading within a tight range near $190-$195 after a strong run-up. The stock faces overhead resistance at $197-$200, as indicated by strong call walls in the GEX data. The MACD is neutral, suggesting indecision, while the Stochastic RSI shows oversold conditions, indicating a potential bounce is possible.
Volume remains relatively muted, emphasizing the consolidation. However, a breakout or breakdown from the current range could set the stage for the next directional move.
Key Levels to Watch:
* Resistance Levels:
* $195-$197: Strong resistance zone aligning with the highest call walls.
* $200: Psychological barrier with significant gamma resistance.
* Support Levels:
* $190: Key support level for the current range.
* $187.50-$188: Strong GEX put support.
* $182.50: Final downside support and critical zone to hold.
GEX Insights:
* Gamma Exposure (GEX):
* Positive GEX levels dominate near $197-$200, suggesting strong resistance to upside moves.
* Negative GEX levels around $188-$187 provide key support zones.
* Options Activity:
* IVR: Moderate at 48.7, reflecting manageable implied volatility.
* Call/Put Ratio: Calls are relatively lower (19.3%), indicating bearish skew.
Trade Scenarios:
Bullish Scenario:
* Entry: Break above $195 with increasing volume.
* Target: $200 (first target), $205 (extended target).
* Stop-Loss: Below $192.
Bearish Scenario:
* Entry: Break below $190 with selling pressure.
* Target: $187.50 (first target), $182.50 (extended target).
* Stop-Loss: Above $193.
Directional Bias:
Neutral to cautiously bearish, as the stock remains range-bound with strong resistance overhead. A decisive break above $195 or below $190 will likely dictate the next trend.
Actionable Suggestions:
* For Scalpers: Trade the $190-$195 range until a breakout or breakdown occurs.
* For Swing Traders: Monitor the $187.50-$200 range for breakout/breakdown opportunities, aligning with GEX resistance/support levels.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage your risk before trading.
GOOGL has entered a consolidation phase, trading within a tight range near $190-$195 after a strong run-up. The stock faces overhead resistance at $197-$200, as indicated by strong call walls in the GEX data. The MACD is neutral, suggesting indecision, while the Stochastic RSI shows oversold conditions, indicating a potential bounce is possible.
Volume remains relatively muted, emphasizing the consolidation. However, a breakout or breakdown from the current range could set the stage for the next directional move.
Key Levels to Watch:
* Resistance Levels:
* $195-$197: Strong resistance zone aligning with the highest call walls.
* $200: Psychological barrier with significant gamma resistance.
* Support Levels:
* $190: Key support level for the current range.
* $187.50-$188: Strong GEX put support.
* $182.50: Final downside support and critical zone to hold.
GEX Insights:
* Gamma Exposure (GEX):
* Positive GEX levels dominate near $197-$200, suggesting strong resistance to upside moves.
* Negative GEX levels around $188-$187 provide key support zones.
* Options Activity:
* IVR: Moderate at 48.7, reflecting manageable implied volatility.
* Call/Put Ratio: Calls are relatively lower (19.3%), indicating bearish skew.
Trade Scenarios:
Bullish Scenario:
* Entry: Break above $195 with increasing volume.
* Target: $200 (first target), $205 (extended target).
* Stop-Loss: Below $192.
Bearish Scenario:
* Entry: Break below $190 with selling pressure.
* Target: $187.50 (first target), $182.50 (extended target).
* Stop-Loss: Above $193.
Directional Bias:
Neutral to cautiously bearish, as the stock remains range-bound with strong resistance overhead. A decisive break above $195 or below $190 will likely dictate the next trend.
Actionable Suggestions:
* For Scalpers: Trade the $190-$195 range until a breakout or breakdown occurs.
* For Swing Traders: Monitor the $187.50-$200 range for breakout/breakdown opportunities, aligning with GEX resistance/support levels.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage your risk before trading.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.