Microsoft trims losses - Analysis - 26-01-2023

Economies.com
2023-01-26 12:42PM UTC

Microsoft's stock (MSFT) fell in the intraday levels after warnings from a change in consumption growth in its cloud businesses, a potentially negative one, sending the stock down 0.59% in the last session, or 1.43 points, settling at 240.61, with trading volumes surpassing 66.5 million shares, above 10-day averages of 34 million shares.

 

Technically, the stock is exposed to negative pressure after hitting the resistance of the 50-day SMA, amid the dominance of the main downward trend in the medium term, with negative signals from the RSI after reaching overbought levels. 

 

Therefore we expect the stock to decline and target the pivotal support of 219.13, provided the resistance of 241.53 holds on.

 

Expected trend for today: Bearish

Stocks Technical Analysis

United States Analysis

Stocks

Broadcom price breaches upside trend line - Forecast today - 19-04-2024
2024-04-19 13:26PM UTC
Broadcost’s stock price (AVGO) fell in the intraday levels and trespassed the support of the ...
United States Analysis

Stocks

Apple price extends losses - Forecast today - 19-04-2024
2024-04-19 13:26PM UTC
Apple’s stock price (AAPL) kept falling in the intraday levels, amid negative pressure from ...
United States Analysis

Stocks

Affirm price tries to recoup some losses - Forecast today - 19-04-2024
2024-04-19 13:26PM UTC
Affirm Holdings’ stock price (AFRM) advanced in the intraday levels amid negative pressure ...