Microsoft stock price ended on $337.20 on Wednesday after gaining 1.42%

The Microsoft stock price gained 1.42% on the last trading day (Wednesday, 12th Jul 2023), rising from $332.47 to $337.20. During the last trading day the stock fluctuated 1.78% from a day low at $335.67 to a day high of $341.65. The price has risen in 6 of the last 10 days and is up by 0.79% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 28 million shares were bought and sold for approximately $9.38 billion.

D.A. Davidson is very positive about MSFT. The price target was set to 325 (Feb 08, 2023).

The stock lies in the middle of a 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 18.83% during the next 3 months and, with a 90% probability hold a price between $386.86 and $432.76 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 $336.59 and $332.93. 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 Thursday, June 15, 2023, and so far it has fallen -3.13%. 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).

On the downside, the stock finds support just below today's level from accumulated volume at $305.41 and $304.83.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 $305.41. If this is broken, then the next support from accumulated volume will be at $304.83 and $295.37.

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 $5.98 between high and low, or 1.78%. For the last week the stock has had daily average volatility of 1.91%.

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.