Microsoft stock upgraded from Strong Sell Candidate to Sell Candidate after Wednesday trading session.StockInvest.us, 3 weeks ago
The Microsoft stock price gained 4.81% on the last trading day (Wednesday, 27th Apr 2022), rising from $270.22 to $283.22. During the day the stock fluctuated 4.23% from a day low at $279.16 to a day high of $290.97. The price has risen in 6 of the last 10 days and is up by 0.44% 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, 18 million more shares were traded than the day before. In total, 64 million shares were bought and sold for approximately $18.12 billion.
The last rating was given by Wedbush on Apr 27, 2022. The price target was set to 283.22+4.81.Over the last 90 days, this security got 2 buy, 6 sell, and 0 hold ratings.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled.Given the current short-term trend, the stock is expected to fall -4.61% during the next 3 months and, with a 90% probability hold a price between $254.92 and $296.17 at the end of this 3-month period.
A buy signal was issued from a pivot bottom point on Tuesday, April 26, 2022, and so far it has risen 4.81%. 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. The Microsoft stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term moving average at $293.59. On a fall, the stock will find some support from the short-term average at $280.09. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Microsoft finds support from accumulated volume at $278.91 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 $11.81 between high and low, or 4.23%. For the last week, the stock has had a daily average volatility of 4.28%.
Microsoft holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.Check full Microsoft forecast and analysis here.