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17.7x P/E at $335, Testing Trendline, Amazon Earnings Today

17.7x P/E at $335, Testing Trendline, Amazon Earnings Today

TradingKey – As of July 30, Alphabet Inc. (NASDAQ: GOOGL) has reached an approximate value of $335, signaling a slight recover from its post-Q2 2026 earnings drop of $315.04. This drop, in combination with a 15% stock decline over two days, occurred on July 24. Today’s trading has a low of $331.62 and a high of $342.50. The stock’s recovery has triggered further Fibonacci analysis as the stock demonstrates movement between the 38.2% and 50% levels and is currently evaluating the 0.618 level at $338.90 with the descending trend line. 

RSI has shown recovery to the approximate level of 55 and the P/E has compressed to 17.7, while GOOGL’s business has demonstrated growth in revenue of 24% and cloud of 82% in Q2. Since the sell-off,…

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