MicroStrategy Incorporated Stock Forecast
Green day on Friday for MicroStrategy Incorporated stock after gaining 1.25%
(Updated on Jun 21, 2024)
The MicroStrategy Incorporated stock price gained 1.25% on the last trading day (Friday, 21st Jun 2024), rising from $1,465.40 to $1,483.76. During the last trading day the stock fluctuated 5.82% from a day low at $1,409.02 to a day high of $1,491.05. The price has been going up and down for this period, and there has been a -10.44% loss 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, 212 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $1.66 billion.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect MicroStrategy Incorporated stock with a 90% probability to be traded between $1,070.09 and $1,993.30 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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MSTR Signals & Forecast
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. The MicroStrategy Incorporated stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $1,501.28 and $1,489.25. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -14.10%. 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).
Support, Risk & Stop-loss for MicroStrategy Incorporated stock
MicroStrategy Incorporated finds support from accumulated volume at $1,439.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $82.03 between high and low, or 5.82%. For the last week, the stock has had daily average volatility of 6.36%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MSTR) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect MicroStrategy Incorporated to open at $1,461.28, and during the day (based on 14 day Average True Range), to move between $1,371.81 and $1,595.71, which gives a possible trading interval of +/-$111.95 (+/-7.55%) up or down from last closing price. If MicroStrategy Incorporated takes out the full calculated possible swing range there will be an estimated 15.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1,483.88 (0.01%) than the support at $1,439.00 (3.02%), 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 MicroStrategy Incorporated stock A Buy?
MicroStrategy Incorporated holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.194 Sell Candidate Unchanged
Predicted Opening Price for MicroStrategy Incorporated of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $1,461.28 ( 1.52%) | $1,483.76 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MSTR
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,543.31 | 4.01% |
| R2 | 1,511.97 | 1.90% |
| R1 | 1,492.61 | 0.597% |
| Price | 1,483.76 | |
| S1 | 1,429.94 | -3.63% |
| S2 | 1,410.58 | -4.93% |
| S3 | 1,379.25 | -7.04% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,704.56 | 14.88% |
| R2 | 1,524.49 | 2.75% |
| R1 | 1,483.88 | 0.0081% |
| Price | 1,483.76 | |
| S1 | 1,439.00 | -3.02% |
| S2 | 1,324.01 | -10.77% |
| S3 | 1,188.05 | -19.93% |
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