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Microsoft stock upgraded from Sell Candidate to Hold/Accumulate after Wednesday trading session.

StockInvest.us, 3 months ago

Microsoft

The Microsoft stock price gained 0.17% on the last trading day (Wednesday, 29th Sep 2021), rising from $283.52 to $284.00. During the day the stock fluctuated 1.33% from a day low at $283.01 to a day high of $286.77. The price has been going up and down for this period, and there has been a -6.83% loss for the last 2 weeks. Volume fell on the last day by -16 million shares and in total, 26 million shares were bought and sold for approximately $7.45 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 17, 2021 "Barclays" gave "$330.00 - $345.00" rating for MSFT. The price target was set to $305.22+0.1%.

The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $283.92 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift.Given the current short-term trend, the stock is expected to rise 8.78% during the next 3 months and, with a 90% probability hold a price between $308.84 and $335.89 at the end of this 3-month period.

Microsoft

A buy signal was issued from a pivot bottom point on Tuesday, September 28, 2021, and so far it has risen 0.17%. 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. 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 $293.43 and $297.58. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Microsoft finds support from accumulated volume at $283.52 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 $3.76 between high and low, or 1.33%. For the last week the stock has had a daily average volatility of 1.49%.

Microsoft holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Check full Microsoft forecast and analysis here.