High volatility in MicroStrategy Incorporated stock price on Monday which ended trading at $384.79

The MicroStrategy Incorporated stock price gained 12.96% on the last trading day (Monday, 18th Nov 2024), rising from $340.65 to $384.79. During the last trading day the stock fluctuated 14.47% from a day low at $339.38 to a day high of $388.49. The price has risen in 7 of the last 10 days and is up by 72.56% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 6 million more shares were traded than the day before. In total, 31 million shares were bought and sold for approximately $11.99 billion.

On Oct 21, 2024, it was reported that BTIG gave MSTR a "Buy" grade with a "hold" action.

Given the current short-term trend, the stock is expected to rise 110.67% during the next 3 months and, with a 90% probability hold a price between $580.14 and $810.64 at the end of this 3-month period.

Mostly positive signals in the chart today. The MicroStrategy Incorporated 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 $335.50 and $237.59. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, September 06, 2024, and so far it has risen 236.65%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

On the downside, the stock finds support just below today's level from accumulated volume at $356.59 and $340.00.There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, MicroStrategy Incorporated finds support just below today's level at $356.59. If this is broken, then the next support from accumulated volume will be at $340.00 and $328.38.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $49.11 between high and low, or 14.47%. For the last week, the stock has had daily average volatility of 12.34%.

MicroStrategy Incorporated 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.We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.