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Archive
- 4/26/2024 -
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Microsoft Corp. (MSFT) Technical Analysis
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| Summary:
| | | Weekly : | | Daily :
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| | It was a first positive week for the Microsoft Corp. (MSFT). During the week, the MSFT gained 7.20 points, or 1.80%, and closed at 406.32 on Friday, April 26, 2024. MSFT was trading at average weekly trading volume.
 Long-term trend: [See MSFT long-term trend chart]
A long-term uptrend had started on November 4, 2022 at 213.43 and reached 430.82 on March 21, 2024. MSFT gained -217.39 points, or -101.86%, in 71 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 373.15 and resistance is at 503.93. 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 downtrend had started on March 21, 2024 at 430.82 and reached 388.03 on April 25, 2024. MSFT lost 42.79 points, or 9.93%, in 5 weeks. The price is now at the 42.74% retracement level.
 Weekly Technical Indicators: [See MSFT weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since April 12, 2024. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
 Short-term trend: [See MSFT short-term trend chart]
A short-term downtrend had started on April 11, 2024 at 429.37 and reached 388.03 on April 25, 2024. MSFT lost 41.34 points, or 9.63%, in 14 days. The chart has formed a Broadening Descending Wedge chart pattern.
Daily Technical Indicators: [See MSFT daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish 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 link to access Lane's Stochastic help.
The daily MACD line is below its signal line since March 27, 2024. This is an indication that the short-term trend is down.
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.
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