Alphabet Stock Holds Uptrend Despite Short-Term Hesitation

Google Alphabet stock continued its long-term uptrend into September, despite short-term hesitation in its price action. The stock closed at $339.36 on September 16, below its session high of $344.70. However, it remains above the 200-day EMA at $325.98.

The daily chart shows that momentum has stalled, with the RSI14 sitting at a neutral level of 49.35. Nevertheless, the MACD histogram has flipped positive, indicating fading downward momentum from the recent pullback.

Berkshire Hathaway increased its Alphabet stake by 83% last quarter, making it the conglomerate's third-largest equity position. This move is seen as a vote of confidence in Alphabet's AI infrastructure and cloud revenue potential.