Microsoft stock upgraded to Strong Buy Candidate.StockInvest.us, 2 months ago
The Microsoft stock price gained 1.68% on the last trading day (Wednesday, 15th Sep 2021), rising from $299.79 to $304.82. , and has now gained 4 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 1.16% from a day low at $301.82 to a day high of $305.32. The price has fallen in 6 of the last 10 days, but is still up by 0.97% 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, 6 million more shares were traded than the day before. In total, 28 million shares were bought and sold for approximately $8.44 billion.
On September 14, 2021 "Morgan Stanley" gave "$305.00 - $331.00" rating for MSFT. The price target was set to $296.99+0.4%.
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 15.13% during the next 3 months and, with a 90% probability hold a price between $342.72 and $362.86 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 $299.28 and $295.19. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, September 10, 2021, and so far it has risen 3.08%. 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 months Moving Average Convergence Divergence (MACD).
Microsoft finds support from accumulated volume at $304.36 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 $3.50 between high and low, or 1.16%. For the last week the stock has had a daily average volatility of 1.41%.
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 Buy to a Strong Buy candidate.Check full Microsoft forecast and analysis here.