Microstrategy price collects profits - Forecast today - 01-04-2024

Economies.com
2024-04-01 11:16AM UTC

Microstrategy Incorporated Stock Analysis

  • Intraday levels of Microstrategy Incorporated’s stock (MSTR) experienced a decline after nearing the main resistance level of $2000.
  • The decline was attributed to profit-taking, however, there is momentum building for a potential rise.
  • The dominance of the main upward trend in the medium and short terms, along with positive support from the 50-day SMA and signals from the RSI after reaching oversold levels, indicate a bullish sentiment.

Forecast and Analysis

Given the current trends and indicators, we anticipate the stock to rebound and target the main and pivotal resistance level of $2000.

Trend Forecast

Likely Bullish

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