Big movements in MicroStrategy Incorporated stock price on Friday moving 15.10% between high and low
StockInvest.us, 4 weeks ago
The MicroStrategy Incorporated stock price gained 11.56% on the last trading day (Friday, 20th Dec 2024), rising from $326.46 to $364.20. During the last trading day the stock fluctuated 15.10% from a day low at $317.00 to a day high of $364.88. The price has fallen in 6 of the last 10 days and is down by -7.8% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 18 million more shares were traded than the day before. In total, 44 million shares were bought and sold for approximately $16.11 billion.
On Nov 20, 2024, it was reported that BTIG gave MSTR a "Buy" grade with a "hold" action.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $331.12 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift.Given the current short-term trend, the stock is expected to rise 105.47% during the next 3 months and, with a 90% probability hold a price between $680.35 and $1,174.55 at the end of this 3-month period.
The MicroStrategy Incorporated stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $376.58. On a fall, the stock will find some support from the long-term average at approximately $358.45. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, November 20, 2024, and so far it has fallen -23.14%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
MicroStrategy Incorporated finds support from accumulated volume at $353.69 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $47.88 between high and low, or 15.10%. For the last week, the stock has had daily average volatility of 11.91%.
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 MicroStrategy Incorporated 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.
Check full MicroStrategy Incorporated forecast and analysis here.