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.
Microstrategy Incorporated’s stock (MSTR) fell in the intraday levels, amid the dominance of the downward correctional wave in the short term, with negative pressure from the 50-day SMA, while a negative divergence forms in the RSI after reaching overbought levels compared to the stock’s movements.
Therefore we expect more losses for the stock, targeting the support of 438.75, provided the resistance of 529.80 holds on.
Expected trend for today: Bearish