Microsoft Stock Forecast
Microsoft stock price down 0.168% on Thursday
(Updated on Mar 28, 2024)
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 11.52% during the next 3 months and, with a 90% probability hold a price between $456.72 and $482.91 at the end of this 3-month period.
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MSFT Signals & Forecast
The Microsoft stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $424.29. On a fall, the stock will find some support from the long-term average at approximately $413.59. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -2.01%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Microsoft stock
Microsoft finds support from accumulated volume at $416.42 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 $2.73 (0.651%) between high and low. For the last week, the stock has had daily average volatility of 1.06%.
Our recommended stop-loss: $406.73 (-3.32%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (MSFT) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Microsoft Corporation to open at $420.58, and during the day (based on 14 day Average True Range), to move between $414.22 and $427.22, which gives a possible trading interval of +/-$6.50 (+/-1.55%) up or down from last closing price. If Microsoft Corporation takes out the full calculated possible swing range there will be an estimated 3.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $421.41 (0.16%) than the support at $416.42 (1.02%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Microsoft Corporation stock A Buy?
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 Microsoft stock to perform well in the short-term.
Current score: 1.450 Buy Candidate Unchanged
Predicted Opening Price for Microsoft Corporation of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$420.58 ( 0.0341%) | $420.72 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MSFT
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 423.31 | 0.615 % | |
R2 | 422.26 | 0.367 % | ||
R1 | 421.62 | 0.214 % | ||
Current price: | 420.72 | |||
Support | S1 | 419.53 | -0.282 % | |
S2 | 418.89 | -0.435 % | ||
S3 | 417.85 | -0.683 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 429.37 | 2.06 % | |
R2 | 425.22 | 1.07 % | ||
R1 | 421.41 | 0.164 % | ||
Current price | 420.72 | |||
Support | S1 | 416.42 | -1.02% | |
S2 | 413.64 | -1.68% | ||
S3 | 397.58 | -5.50% |
MSFT Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 12, 2024 | May 15, 2024 | Jun 13, 2024 | $0.750 | 0.178% |
2 | Nov 28, 2023 | Feb 14, 2024 | Mar 14, 2024 | $0.750 | 0.176% |
3 | Sep 19, 2023 | Nov 15, 2023 | Dec 14, 2023 | $0.750 | 0.205% |
4 | Jun 13, 2023 | Aug 16, 2023 | Sep 14, 2023 | $0.680 | 0.201% |
5 | Mar 14, 2023 | May 17, 2023 | Jun 08, 2023 | $0.680 | 0.209% |
FAQ
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