Volatile ride for MicroStrategy Incorporated stock price on Monday moving between $293.30 and $351.73

The MicroStrategy Incorporated stock price gained 25.73% on the last trading day (Monday, 11th Nov 2024), rising from $270.42 to $340.00. During the last trading day the stock fluctuated 19.92% from a day low at $293.30 to a day high of $351.73. The price has been going up and down for this period, and there has been a 33.16% 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, 27 million more shares were traded than the day before. In total, 45 million shares were bought and sold for approximately $15.23 billion.

On Oct 21, 2024, it was reported that BTIG gave MSTR a "Buy" grade with a "hold" action.

The stock has broken the very wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $279.64, a level that may pose a second chance to hit a runner.

Mostly positive signals in the chart today. 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 $259.93 and $211.26. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, November 04, 2024, and so far it has risen 52.47%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

On the downside, the stock finds support just below today's level from accumulated volume at $270.81 and $258.24.There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, MicroStrategy Incorporated finds support just below today's level at $270.81. If this is broken, then the next support from accumulated volume will be at $258.24 and $257.81.

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 $58.43 between high and low, or 19.92%. For the last week, the stock has had daily average volatility of 10.61%.

The MicroStrategy Incorporated stock is extremely overbought on RSI14 (79). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rate of rising. 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 period.We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.