Microsoft (MSFT) Closes Last Hour Up $0.38; 2 Day Down Streak Snapped, in an Uptrend Over Past 90 Days, Pin Bar Pattern Appearing on Chart

The Hourly View for MSFT

Last Updated September 15, 2020, 23:12 GMT

At the time of this writing, MSFT’s price is up $4.15 (2.02%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 50 hour moving average, resulting in them so that price is now turning above it. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50 and 100 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Microsoft Corp Daily Price Recap

The back and forth price flow continues for Microsoft Corp, which started today off at 205.41 US dollars, up 0.68% ($1.38) from the day prior. This move happened on lower volume, as yesterday’s volume was down 10.66% from the day before — and down 11.45% from the same day the week before. The daily price chart of Microsoft Corp below illustrates.


Microsoft Corp Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. Price action traders in particular will want to note that the 30 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. For additional context, note that price has gone up 16 out of the past 30 days. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!

Overheard Around the Web

Over on StockTwits, here’s an example of what they’re saying about MSFT:

    $MSFT get ready for some price target increases soon. 235 is my take. News should start flowing in soon as the bullish crossovers take place. Its no coincidence news comes in at certain price setups in stocks. The crooks are always 2 steps ahead.