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Microsoft stock price down 1.07% on Monday

StockInvest.us, 1 month ago

Microsoft

The Microsoft stock price fell by -1.07% on the last day (Monday, 29th Aug 2022) from $268.09 to $265.23. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.35% from a day low at $263.85 to a day high of $267.40. The price has fallen in 9 of the last 10 days and is down by -9.62% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -7 million shares and in total, 20 million shares were bought and sold for approximately $5.39 billion.

Guggenheim is very positive about MSFT and gave it a "" rating on Aug 12, 2022. The price target was set to 292.Over the last 90 days, this security got 2 buy, 18 sell, and 0 hold ratings.

The stock has broken the wide and strong rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $265.49. A reaction back to this level may hold a second chance to get out before further falls.

Microsoft

There are few to no technical positive signals at the moment. The Microsoft stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $275.47 and $273.82. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, August 15, 2022, and so far it has fallen -9.62%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

On the downside, the stock finds support just below today's level from accumulated volume at $251.90 and $247.65.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, Microsoft finds support just below today's level at $251.90. If this is broken, then the next support from accumulated volume will be at $247.65 and $242.26.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $3.55 (1.35%) between high and low. For the last week, the stock has had daily average volatility of 1.92%.

The Microsoft stock holds several negative signals and despite the positive trend, we believe Microsoft will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Check full Microsoft forecast and analysis here.