The Greedy Trader Weekly Analysis
Sign In Mar 22, 2024
Skip Navigation Links
Number of records: 1
Share
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

Uptrend Support

Uptrend Support stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Uptrend Support stock alert indicates that price is near long-term support trendline and probability of short-term trend reversal is high. The strategy here is to take advantage of established uptrend price pullback and entering the long position just prior to the continuation of the trend. The strategy has relatively low risk.

Uptrend Support

Archive
- 3/15/2024 -
Sign In to see current Signals.

Microsoft Corp. (MSFT) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Overbought sectorWilliams' Percentage Range is strongly overboughtStochastic signal line moved below overbought areaLane's Stochastic and MACD bearish divergence
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARPrice is near the Fibonacci 38.2% retracement levelThe price moved above the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was a first positive week for the Microsoft Corp. (MSFT). During the week, the MSFT gained 10.20 points, or 2.51%, and closed at 416.42 on Friday, March 15, 2024. It was the best weekly gain since January 12, 2024. MSFT was trading at average weekly trading volume.

MSFT is a member of Information Technology Sector. Information Technology is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See MSFT long-term trend chart]
A long-term uptrend had started on November 4, 2022 at 213.43 and reached 427.82 on March 14, 2024. MSFT gained -214.39 points, or -100.45%, in 70 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 360.15 and resistance is at 483.63. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See MSFT medium-term trend chart]
A medium-term uptrend had started on September 28, 2023 at 309.45 and reached 427.82 on March 14, 2024. MSFT gained -118.37 points, or -38.25%, in 24 weeks. The price is now at the 9.63% retracement level.

Weekly Technical Indicators: [See MSFT weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Weekly Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since November 3, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See MSFT short-term trend chart]
A short-term uptrend had started on February 21, 2024 at 397.22 and reached 427.82 on March 14, 2024. MSFT gained -30.60 points, or -7.70%, in 22 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See MSFT daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.05
Williams' Percentage Range (W%R) 27.90
Lane's Stochastic (%D-Slow) 71.66
Greed/Fear Indicator (GFI) 66.94
Moving Average Converg./Diverg. (MACD) 2.93
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.98
Williams' Percentage Range (W%R) 8.20
Strong Overbought
Lane's Stochastic (%D-Slow) 79.31
Bearish
Greed/Fear Indicator (GFI) 77.07
Moving Average Converg./Diverg. (MACD) 20.22 Bearish
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 483.63
Upper Bollinger Band 422.48
Daily Stochastic Crossing 422.37
Weekly Stochastic Crossing 420.33
Price 416.42
20 Day Moving Average 409.72
50 Day Moving Average 402.88
Parabolic System 402.18
Lower Bollinger Band 398.43
Quarterly Trendline Support 360.15
Sector and Industry
Description Name Rank
Sector Information Technology 8
Industry Application Software 60
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 398.39
Low Date 03/06/2024
High 427.82
High Date 03/14/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 397.22
Low Date 02/21/2024
High 427.82
High Date 03/14/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 309.45
Low Date 09/28/2023
High 427.82
High Date 03/14/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 483.63
Support 360.15
Low 213.43
Low Date 11/04/2022
High 427.82
High Date 03/14/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 14.87
Low Date 03/06/2009
High 427.82
High Date 03/14/2024
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.