Microsoft Stock Forecast

Microsoft stock price ended at $420.21 on Friday, after losing 0.185%.
(Updated on May 17, 2024)

MSFT Signals & Forecast

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 $417.37 and $412.75. A breakdown below any of these levels will issue sell signals. 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 Wednesday, May 15, 2024, and so far it has fallen -0.678%. 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.

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 $4.90 (1.17%) between high and low. For the last week, the stock has had daily average volatility of 1.44%.

Our recommended stop-loss: $403.64 (-3.94%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (MSFT) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Microsoft Corporation to open at $420.39, and during the day (based on 14 day Average True Range), to move between $413.08 and $427.34, which gives a possible trading interval of +/-$7.13 (+/-1.70%) up or down from last closing price. If Microsoft Corporation takes out the full calculated possible swing range there will be an estimated 3.39% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $420.72 (0.12%) than the support at $416.42 (0.90%), 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?

Microsoft holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.271 Hold/Accumulate Unchanged

Predicted Opening Price for Microsoft Corporation of Monday, May 20, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.