Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
Microsoft's stock (MSFT) fell in the intraday levels, registering a loss of 0.70% in the last session, or 0.65 points, after hitting an intraday high at 94.05, bouncing off it lower and turning the gains into losses, while leaning on the support of the 50-day SMA in an attempt to seek a bottom to bounce it higher anew, amid the dominance of the main upward trend in the medium and short terms, while the Relative Strength Index reached extremely oversold levels compared to the stock's movements.
Therefore we expect the stock to return higher, provided the resistance of 96.07 was breached, targeting the next one at 103.89.