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The Microsoft stock price gained 7.24% on the last trading day (Wednesday, 26th Apr 2023), rising from $275.42 to $295.37. During the last trading day the stock fluctuated 2.33% from a day low at $292.74 to a day high of $299.57. The price has fallen in 6 of the last 10 days but is still up by 4.19% 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, 24 million more shares were traded than the day before. In total, 65 million shares were bought and sold for approximately $19.05 billion.
D.A. Davidson is very positive about MSFT and gave it a "" rating on Feb 08, 2023. The price target was set to 325.Over the last 90 days, this security got 4 buy, 0 sell, and 0 hold ratings.
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 15.42% during the next 3 months and, with a 90% probability hold a price between $314.30 and $351.90 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 $285.89 and $278.39. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 25, 2023, and so far it has risen 7.24%. Further rise is indicated until a new top pivot has been found. 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. 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 $279.43 and $276.20.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 $279.43. If this is broken, then the next support from accumulated volume will be at $276.20 and $266.73.
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 $6.83 between high and low, or 2.33%. For the last week the stock has had daily average volatility of 1.87%.
Microsoft holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Buy candidate.
Check full Microsoft forecast and analysis here.