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Downtrend Broken Resist.Archive
- 9/22/2023 -
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Microsoft Corp. (MSFT) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Microsoft Corp. (MSFT). During the week, the MSFT dropped -13.21 points, or -4.00%, and closed at 317.01 on Friday, September 22, 2023. Weekly volume was -22% below average.
MSFT is a member of Information Technology Sector. Information Technology is the 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 366.78 on July 18, 2023. MSFT gained -153.35 points, or -71.85%, in 36 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 244.44 and resistance is at 399.67. 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 July 18, 2023 at 366.78 and reached 311.55 on August 18, 2023. MSFT lost 55.23 points, or 15.06%, in 4 weeks. The price is now at the 9.89% 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 August 4, 2023. 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 September 14, 2023 at 340.86 and reached 315.00 on September 21, 2023. MSFT lost 25.86 points, or 7.59%, in 7 days. The price is now at the 7.77% retracement level.
 Daily Technical Indicators: [See MSFT daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic. 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.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
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