High volatility in MicroStrategy Incorporated stock price on Wednesday which ended trading at $406.00

The MicroStrategy Incorporated stock price gained 8.72% on the last trading day (Wednesday, 4th Dec 2024), rising from $373.43 to $406.00. During the last trading day the stock fluctuated 12.14% from a day low at $365.60 to a day high of $409.97. The price has fallen in 6 of the last 10 days and is down by -5.7% for this period. 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, 28 million shares were bought and sold for approximately $11.23 billion.

On Nov 20, 2024, it was reported that BTIG gave MSTR a "Buy" grade with a "hold" action.

The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled.Given the current short-term trend, the stock is expected to rise 147.51% during the next 3 months and, with a 90% probability hold a price between $806.37 and $1,281.93 at the end of this 3-month period.

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 $384.74 and $305.89. A breakdown below any of these levels will issue sell signals. 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 -14.32%. 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 $397.28 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $44.37 between high and low, or 12.14%. For the last week, the stock has had daily average volatility of 8.68%.

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.