American Stocks Analysis

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 returns lower - Analysis - 17-04-2023

Economies.com
2023-04-17 11:19AM UTC

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

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