Microsoft Stock Forecast

Microsoft stock upgraded from Sell Candidate to Buy Candidate after Friday trading session.
(Updated on Apr 26, 2024)

MSFT Signals & Forecast

There are mixed signals in the stock today. The Microsoft stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $416.91. On a fall, the stock will find some support from the short-term average at $403.76. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 1.82%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for Microsoft stock

Microsoft finds support from accumulated volume at $403.78 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $7.24 (1.78%) between high and low. For the last week, the stock has had daily average volatility of 1.86%.

Our recommended stop-loss: $385.65 (-5.09%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)

Trading Expectations (MSFT) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect Microsoft Corporation to open at $408.36, and during the day (based on 14 day Average True Range), to move between $397.76 and $414.88, which gives a possible trading interval of +/-$8.56 (+/-2.11%) up or down from last closing price. If Microsoft Corporation takes out the full calculated possible swing range there will be an estimated 4.21% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $403.78 (0.63%) than the resistance at $413.64 (1.80%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Microsoft Corporation stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Microsoft stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 2.640 Buy Candidate Upgraded

Predicted Opening Price for Microsoft Corporation of Monday, April 29, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.