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Microsoft stock price down 2.71% on Thursday

StockInvest.us, 2 weeks ago

Microsoft

The Microsoft stock price fell by -2.71% on the last day (Thursday, 15th Sep 2022) from $252.22 to $245.38. During the last trading day the stock fluctuated 3.02% from a day low at $244.02 to a day high of $251.40. The price has been going up and down for this period, and there has been a -6.15% loss for the last 2 weeks. Volume has increased on the last day by 8 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 31 million shares were bought and sold for approximately $7.71 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, 16 sell, and 0 hold ratings.

Given the current short-term trend, the stock is expected to rise 4.01% during the next 3 months and, with a 90% probability hold a price between $255.22 and $309.47 at the end of this 3-month period.

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. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $256.76 and $273.63. 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 -16.39%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Microsoft finds support from accumulated volume at $244.97 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 $7.38 between high and low, or 3.02%. For the last week, the stock has had daily average volatility of 2.21%.

Microsoft is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

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.