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Downtrend Broken Resist.Archive
- 7/19/2024 -
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Microsoft Corp. (MSFT) Technical Analysis
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| Summary:
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| | It was the negative week for the Microsoft Corp. (MSFT). During the week, the MSFT dropped -16.44 points, or -3.62%, and closed at 437.11 on Friday, July 19, 2024. It was the worst weekly loss since April 19, 2024. Weekly volume was -16% below average.
 Long-term trend: [See MSFT long-term trend chart]
A long-term uptrend had started on November 4, 2022 at 213.43 and reached 468.35 on July 5, 2024. MSFT gained -254.92 points, or -119.44%, in 87 weeks. The price is now at the 12.25% retracement level.
 Medium-term trend: [See MSFT medium-term trend chart]
A medium-term uptrend had started on April 25, 2024 at 388.03 and reached 468.35 on July 5, 2024. MSFT gained -80.32 points, or -20.70%, in 10 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 426.26 and resistance is at 480.76. 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 medium-term trend.
 Weekly Technical Indicators: [See MSFT weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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.
The weekly MACD line is above its signal line since June 14, 2024. 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 downtrend had started on July 5, 2024 at 468.35 and reached 432.00 on July 19, 2024. MSFT lost 36.35 points, or 7.76%, in 14 days. The price is now at the 14.06% retracement level.
 Daily Technical Indicators: [See MSFT daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. Use the following link to access Williams' Percentage Range help.
The daily MACD line is below its signal line since July 10, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.
During the last week, the price has declined below 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.
During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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