Microsoft exhausts positive chances - Analysis - 19-09-2023

Economies.com
3 days ago

Microsoft Corp's stock (MSFT) skidded in the intraday levels amid negative signals from the RSI, with negative pressure from the 50-day SMA, as the stock parks finally on the main upward trend line in the short term, which is the last positive chance for the stock to gather momentum and rebound.

 

Therefore we expect the stock to return higher, targeting the pivotal resistance of 366.78, provided the initial resistance of 338.56 is reliably breached. 

Advertistment

 

Expected trend for today: Likely Bullish

Stocks Technical Analysis

United States Analysis

Stocks

American Express breaches upward trend line - Analysis - 22-09-2023
14 hours ago
American Express Company's stock (AXP) kept falling in the intraday levels amid negative pressure ...
United States Analysis

Stocks

Intel seeks a bottom to boost it higher - Analysis - 22-09-2023
14 hours ago
Intel Corporation's stock (INTC) fell in the intraday levels, amid negative signals from the RSI ...
United States Analysis

Stocks

Chevron tries to gather positive momentum - Analysis - 22-09-2023
14 hours ago
Chevron Corporation's stock (CVX) fell in the intraday levels, amid negative signals from the RSI ...