GOOGL Stock Analysis & GEX Options Insights – Feb. 18Technical 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! 🚨
