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The Microsoft stock price gained 3.20% on the last trading day (Thursday, 27th Apr 2023), rising from $295.37 to $304.83. During the last trading day the stock fluctuated 3.35% from a day low at $295.27 to a day high of $305.17. The price has fallen in 6 of the last 10 days but is still up by 5.17% over the past 2 weeks. Volume fell on the last day by -19 million shares and in total, 45 million shares were bought and sold for approximately $13.75 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
D.A. Davidson is very positive about MSFT and gave it a "" rating on Feb 08, 2023. The price target was set to 325.Over the last 90 days, this security got 4 buy, 0 sell, and 0 hold ratings.
The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $306.65 will firstly indicate a stronger rate of rising.Given the current short-term trend, the stock is expected to rise 15.9% during the next 3 months and, with a 90% probability hold a price between $317.39 and $355.40 at the end of this 3-month period.
The Microsoft stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $288.24 and $279.85. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, March 01, 2023, and so far it has risen 23.78%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Microsoft finds support from accumulated volume at $295.37 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $9.90 between high and low, or 3.35%. For the last week the stock has had daily average volatility of 2.26%.
Microsoft holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Check full Microsoft forecast and analysis here.