MicroStrategy Incorporated stock price up more than 9.03% on Wednesday

The MicroStrategy Incorporated stock price gained 9.03% on the last trading day (Wednesday, 11th Dec 2024), rising from $377.32 to $411.40. During the last trading day the stock fluctuated 7.05% from a day low at $385.50 to a day high of $412.68. The price has been going up and down for this period, and there has been a 16.32% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 8 million more shares were traded than the day before. In total, 26 million shares were bought and sold for approximately $10.89 billion.

On Nov 20, 2024, it was reported that BTIG gave MSTR a "Buy" grade with a "hold" action.

The stock lies in the middle of a very 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 137.20% during the next 3 months and, with a 90% probability hold a price between $836.36 and $1,289.69 at the end of this 3-month period.

The MicroStrategy Incorporated 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 $387.84 and $331.41. 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 Wednesday, November 20, 2024, and so far it has fallen -13.18%. 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).

MicroStrategy Incorporated finds support from accumulated volume at $397.28 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $27.18 between high and low, or 7.05%. For the last week, the stock has had daily average volatility of 9.30%.

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for MicroStrategy Incorporated stock to perform well in the short-term.