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's stock (MSTR) returned lower in the intraday levels amid negative signals from the RSI after reaching overbought levels, while venting off some of that overbought saturation, marking a loss of 2.05% in the last session, or 6.97 points, and settling at 333.75, amid the dominance of the upward correctional short-term trend, with positive pressure from the 50-day SMA.
Therefore we expect the stock to return higher, targeting the pivotal resistance of 362.00.
Expected trend for today: Bullish