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Microsoft stock upgraded from Sell Candidate to Strong Buy Candidate after Tuesday trading session.

StockInvest.us, 1 month ago

Microsoft

The Microsoft stock price gained 2.68% on the last trading day (Tuesday, 7th Dec 2021), rising from $326.19 to $334.92. , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 1.73% from a day low at $330.10 to a day high of $335.80. The price has fallen in 6 of the last 10 days and is down by -1.44% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 788 thousand more shares were traded than the day before. In total, 31 million shares were bought and sold for approximately $10.28 billion.

On Nov 22, 2021 "Wells Fargo & Company" gave "$400.00" rating for MSFT. The price target was changed from $342.85 to 0.1%.

The stock lies in the middle of a 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 18.65% during the next 3 months and, with a 90% probability hold a price between $382.90 and $418.59 at the end of this 3-month period.

Microsoft

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 $330.13 and $329.43. 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 Friday, November 19, 2021, and so far it has fallen -2.39%. 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).

Microsoft finds support from accumulated volume at $330.59 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 $5.70 between high and low, or 1.73%. For the last week the stock has had a daily average volatility of 2.73%.

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.