Google gains 0.96% within $104.74 to $106.43 daily range

Friday at a glance: the leading search engine company went up to $106.22, gaining 0.96%.

Alphabet made an initial breakout above its 10 day Simple Moving Average at $106.34, a potential indicator of a newly emerging bullish phase. Having stamped out a session range of $104.74 to $106.43, Fibonacci-inclined Google traders were highly concentrated around active Fibonacci resistance at $105.84. Google's lower Bollinger Band® is at $103.68, indicating that the market is oversold and fertile for new buyers. In contrast, Google is 64 cents away from testing key resistance at $106.86. Peaking above this level could inspire market bulls and open the path to further gains.

Examining the technical analysis landscape, Google might continue its downtrend in the short term.

This rally in Google's share price coincided with other communication services stocks as Verizon was up 1.29%. AT&T traded at $17.13 after closing Friday's trading day at $16.91 (up 1.3%). T-Mobile traded at $143.56 after closing Friday's trading day at $141.26 (up 1.63%).

Furthermore, the market is looking at United States EIA Short-Term Energy Outlook is scheduled for tomorrow at 16:00 UTC.

The stock has been trending positively for about 2 months. The leading search engine company has gained 18.62% since its lowest print of $83.49 earlier this year.