Alphabet Inc.’s shares extended their recent slide on 23 June, with Class A stock edging 0.26% lower to $166.21 and Class C shares flirting with $164.07, a level flagged by several chart-watchers as potential near-term support. Technical analysts noted the stock is trading around its 50-day moving average and has set a fresh monthly trough, underscoring its weakness compared with other members of the so-called ‘Magnificent Seven’. On a relative basis, the company’s performance has deteriorated to a 15-month low against the Nasdaq-tracking Invesco QQQ Trust, according to derivative strategists. Options activity remained in line with typical volumes, but a put-to-call ratio of 0.51 and rising implied volatility suggested traders are positioning for heightened price swings while retaining a mildly bullish bias.