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The Microsoft stock price fell by -0.79% on the last day (Thursday, 6th Jan 2022) from $316.38 to $313.88. and has now fallen 7 days in a row. During the day the stock fluctuated 2.31% from a day low at $311.49 to a day high of $318.70. The price has fallen in 7 of the last 10 days and is down by -5.8% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -457 thousand shares and in total, 39 million shares were bought and sold for approximately $12.30 billion.
On Jan 04, 2022 "Jefferies Financial Group" gave "$375.00" rating for MSFT. The price target was changed from $327.32 to 2.2%.
Given the current short-term trend, the stock is expected to rise 8.92% during the next 3 months and, with a 90% probability hold a price between $341.88 and $389.93 at the end of this 3-month period.
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 $330.23 and $332.90. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, November 19, 2021, and so far it has fallen -8.52%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Microsoft finds support from accumulated volume at $310.11 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $7.21 (2.31%) between high and low. For the last week, the stock has had a daily average volatility of 2.37%.
The Microsoft stock holds several negative signals and despite the positive trend, we believe Microsoft will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Check full Microsoft forecast and analysis here.