Microsoft stock downgraded from Strong Buy Candidate to Buy Candidate after Thursday trading session.StockInvest.us, 1 month ago
The Microsoft stock price gained 0.13% on the last trading day (Thursday, 16th Sep 2021), rising from $304.82 to $305.22. , and has now gained 5 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 day the stock fluctuated 1.51% from a day low at $300.76 to a day high of $305.31. The price has been going up and down for this period, and there has been a 1.12% gain for the last 2 weeks. Volume fell on the last day by -9 million shares and in total, 19 million shares were bought and sold for approximately $5.81 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.
On September 14, 2021 "Morgan Stanley" gave "$305.00 - $331.00" rating for MSFT. The price target was set to $296.99+0.4%.
The stock lies in the middle of a 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 14.73% during the next 3 months and, with a 90% probability hold a price between $342.22 and $362.07 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 $300.00 and $295.73. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, September 10, 2021, and so far it has risen 3.22%. 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 months Moving Average Convergence Divergence (MACD).
Microsoft finds support from accumulated volume at $304.36 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 $4.55 between high and low, or 1.51%. For the last week the stock has had a daily average volatility of 1.37%.
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 Microsoft stock to perform well in the short-term.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.