Evaluation of Microsoft stock downgraded after the last trading session.

The Microsoft stock price fell by -1.00% on the last day (Monday, 29th Apr 2024) from $406.32 to $402.25. During the last trading day the stock fluctuated 1.79% from a day low at $399.19 to a day high of $406.32. The price has been going up and down for this period, and there has been a -2.75% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -10 million shares and in total, 19 million shares were bought and sold for approximately $7.75 billion.

On Apr 26, 2024, it was reported that Bernstein gave MSFT a "Outperform" grade with a "hold" action.

The stock is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $399.27 will give a strong sell signal and a trend shift may be expected.Given the current horizontal trend, you can expect Microsoft stock with a 90% probability to be traded between $406.08 and $439.78 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 0.80%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Microsoft stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $403.47 and $416.79. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Microsoft finds support from accumulated volume at $399.12 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 $7.13 (1.79%) between high and low. For the last week, the stock has had daily average volatility of 1.86%.

Microsoft holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.