Microsoft stock downgraded from Strong Buy Candidate to Buy Candidate after Friday trading session., 2 months ago


The Microsoft stock price gained 0.0645% on the last trading day (Friday, 27th Jan 2023), rising from $248.00 to $248.16. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.22% from a day low at $246.83 to a day high of $249.83. The price has risen in 6 of the last 10 days and is up by 4.05% over the past 2 weeks. Volume fell on the last day by -7 million shares and in total, 26 million shares were bought and sold for approximately $6.56 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.

The last rating was given by BMO Capital on Jan 23, 2023. The price target was changed from 270 to 267.Over the last 90 days, this security got 3 buy, 17 sell, and 0 hold ratings.

The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Microsoft stock with a 90% probability to be traded between $221.32 and $263.11 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.


Mostly positive signals in the chart today. 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 $241.93 and $240.24. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, January 05, 2023, and so far it has risen 11.63%. 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 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.

Microsoft finds support from accumulated volume at $244.69 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 $3.00 between high and low, or 1.22%. For the last week, the stock has had daily average volatility of 2.59%.

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Microsoft stock to perform well in the short-term period.Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

Check full Microsoft forecast and analysis here.