Is a good buy googl now ?

Alphabet Inc. (GOOGL) is not an oversold stock, and the sentiment is bearish. Here's the analysis to support this conclusion:

1. Current Stock Price and Analyst Sentiment: The closing price of GOOGL on September 4, 2024, was $156.45, which is above the support level of $155.21 and below the resistance level of $159.06. The sentiment is bearish, with 19 technical analysis indicators signaling bearish signals, and only 7 indicating bullish signals.

2. Analyst Ratings and Price Targets: The stock has a strong buy rating with an average price target of $205.42, which represents a significant upside from the current price. Additionally, the average price target from analysts is $204.58, with a high forecast of $240.00 and a low forecast of $170.00, indicating a potential for a substantial increase in the stock price.

3. Financial Performance: Alphabet has shown strong financial performance with a net income of $23.62 billion and a diluted EPS of $1.89 as of June 30, 2024. The revenue growth rate is 13.59%, and the net income growth rate is 28.59%. These figures suggest a healthy company performance.

4. Market Position and Growth Prospects: Alphabet's position in the market and its integration with AI are expected to drive future growth. The company's stock price forecast for the next week is $165.43, which represents a 4.37% gain. Long-term predictions suggest that the stock could reach $188.87 by 2025, indicating a potential for significant growth.
5. Technical Indicators: The Fear & Greed Index is at 39 (Fear), indicating a bearish sentiment among investors. However, the stock's 50-day SMA is $174.48, and the 200-day SMA is $157.87, which could provide support if the price drops further.
6. Insider Activity: There have been no significant insider purchases or sales recently, which is a positive sign for the company's confidence in its future prospects.

In conclusion, while there is a bearish sentiment currently, the strong financial performance, analyst ratings, and growth prospects suggest that GOOGL is not an oversold stock and could be a good buy for investors looking for long-term growth opportunities.