GOOGL Stock Analysis & GEX Options Insights – Feb. 18
Technical Analysis (TA) for GOOGL
* Current Price Action: GOOGL is attempting a recovery from a previous downtrend, but price is consolidating around the $185 level. Momentum is neutral, suggesting indecision in the market.
* Support & Resistance Levels:
* Immediate Resistance: $188 – A breakout above this level could fuel a move higher.
* Next Resistance: $195 – This aligns with the 2nd Call Wall from GEX data.
* Major Resistance: $200 – Strong resistance based on options positioning.
* First Support: $181 – This is a critical level to hold, as a breakdown could trigger a move lower.
* Major Support: $175 – Below this, GOOGL may accelerate downward.
* Indicators:
* MACD: Near the zero line, indicating a lack of strong momentum in either direction.
* Stochastic RSI: Oversold but starting to curl up, suggesting a possible bounce.
Options Flow & GEX Analysis
* GEX (Gamma Exposure):
* Highest Positive NetGEX / Call Resistance: $200 – This is the key resistance where a reversal could occur.
* 51.02% Call Wall: $195 – A critical level that could act as a resistance zone.
* Put Wall Support: $180 – The market might find support here, as 69.89% of puts are concentrated at this level.
* 3rd Put Wall: $175 – If GOOGL breaks down further, this could be the next major support area.
* IV & Sentiment:
* IV Rank (IVR): 20.3 → Low implied volatility, meaning options are relatively cheap.
* IVx Avg: 33.5 → A moderate volatility level.
* Options Sentiment: Calls = 12.8% → Higher than usual, indicating a possible bullish tilt in options flow.
Trade Setups
📈 Bullish Scenario (Breakout Play):
* Entry: Above $188 with strong volume.
* Target: $195, then $200.
* Stop Loss: Below $185.
📉 Bearish Scenario (Breakdown Play):
* Entry: Below $181.
* Target: $175 (Put Support).
* Stop Loss: Above $185.
Final Thoughts
* GOOGL is at a critical inflection point, hovering around key support at $185.
* A move above $188 could lead to a rally towards $195-$200, driven by options flow.
* A break below $181 could see downside acceleration toward $175.
* Best Trade Approach: Wait for a breakout confirmation above $188 or breakdown confirmation below $181 before entering a trade.
🚨 This analysis is for educational purposes only. Trade responsibly and manage risk! 🚨
* Current Price Action: GOOGL is attempting a recovery from a previous downtrend, but price is consolidating around the $185 level. Momentum is neutral, suggesting indecision in the market.
* Support & Resistance Levels:
* Immediate Resistance: $188 – A breakout above this level could fuel a move higher.
* Next Resistance: $195 – This aligns with the 2nd Call Wall from GEX data.
* Major Resistance: $200 – Strong resistance based on options positioning.
* First Support: $181 – This is a critical level to hold, as a breakdown could trigger a move lower.
* Major Support: $175 – Below this, GOOGL may accelerate downward.
* Indicators:
* MACD: Near the zero line, indicating a lack of strong momentum in either direction.
* Stochastic RSI: Oversold but starting to curl up, suggesting a possible bounce.
Options Flow & GEX Analysis
* GEX (Gamma Exposure):
* Highest Positive NetGEX / Call Resistance: $200 – This is the key resistance where a reversal could occur.
* 51.02% Call Wall: $195 – A critical level that could act as a resistance zone.
* Put Wall Support: $180 – The market might find support here, as 69.89% of puts are concentrated at this level.
* 3rd Put Wall: $175 – If GOOGL breaks down further, this could be the next major support area.
* IV & Sentiment:
* IV Rank (IVR): 20.3 → Low implied volatility, meaning options are relatively cheap.
* IVx Avg: 33.5 → A moderate volatility level.
* Options Sentiment: Calls = 12.8% → Higher than usual, indicating a possible bullish tilt in options flow.
Trade Setups
📈 Bullish Scenario (Breakout Play):
* Entry: Above $188 with strong volume.
* Target: $195, then $200.
* Stop Loss: Below $185.
📉 Bearish Scenario (Breakdown Play):
* Entry: Below $181.
* Target: $175 (Put Support).
* Stop Loss: Above $185.
Final Thoughts
* GOOGL is at a critical inflection point, hovering around key support at $185.
* A move above $188 could lead to a rally towards $195-$200, driven by options flow.
* A break below $181 could see downside acceleration toward $175.
* Best Trade Approach: Wait for a breakout confirmation above $188 or breakdown confirmation below $181 before entering a trade.
🚨 This analysis is for educational purposes only. Trade responsibly and manage risk! 🚨
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.