Morgan Stanley falls in search of momentum - Analysis - 11-08-2017

Economies.com
2017-08-11 12:21PM UTC

Morgan Stanley's stock (MS) fell in the intraday levels, recording a new loss of 2.83% in the last session, or 1.35 points, as the stock seeks a bottom to bounce it higher, while gathering momentum to help it rise anew, as it trades within the main upward medium-term trend line, with positive pressure from the 50-day SMA, as relative power indicators reached extremely oversold levels compared to the stock's movement. 

 

Therefore we expect the stock to return higher, provided it settles back above 47.33, targeting the resistance of 51.78. 

Stocks Technical Analysis

United States Analysis

Stocks

CVS price climbs cautiously - Forecast today - 28-03-2024
2024-03-28 11:18AM UTC
CVS Health Corporation Stock Analysis CVS Health Corporation’s stock price edged up in the ...
United States Analysis

Stocks

eBay price starts recovering - Forecast today - 28-03-2024
2024-03-28 11:17AM UTC
eBay Stock Analysis eBay’s stock price rose in the intraday levels amid the dominance of the ...
United States Analysis

Stocks

Taiwan Semiconductor price seeks a bottom to boost it higher - 28-03-2024
2024-03-28 11:17AM UTC
Taiwan Semiconductor Stock Analysis Taiwan Semiconductor’s stock price (TSM) fell in the ...