Microsoft (MSFT) Price Near $209.58; in an Uptrend Over Past 90 Days, 3 Day Down Streak Ended, Eyes 50 Day Average

The Hourly View for MSFT

Last Updated September 10, 2020, 15:8 GMT

At the moment, MSFT’s price is up $0.87 (0.41%) from the hour prior. This is the 2nd hour in a row MSFT has seen its price head down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. 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

Microsoft Corp’s 3 day negative streak has officially concluded, as the candle from the day prior closed up 4.26% ($8.63). The change in price came along side change in volume that was down 13.36% from previous day, but up 71.26% from the Wednesday of last week. Let’s take a look at the daily price chart of Microsoft Corp.

MSFT

Microsoft Corp Technical Analysis

Notably, the current price of Microsoft Corp is sitting close to its 50 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. For another vantage point, consider that Microsoft Corp’s price has gone up 9 of the previous 14 trading days.

Overheard Around the Web

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

    $MSFT $300 by Friday, buy the dip, dark pool buyers, MM shaking, to the moon, big buys coming, just saw bill gates sucking Jeff bezos cock, Amazon MSFT partnership ahead 🤯 you bulls and bears are fucking dumb, play the market the way it is. It’s selling off so buy puts, then buy calls on the way back up and if you have shares shut the fuck up, come back in December or you’re a fake trader dogshit bitch ass fuckface cunt dick

    JoshuaTrades