Microsoft (MSFT) Price Near $202.51; 3 Day Down Streak Snapped

The Hourly View for MSFT

Last Updated September 22, 2020, 00:09 GMT

At the moment, MSFT’s price is down $-2.19 (-1.09%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as MSFT has now gone up 4 of the past 5 hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 20 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 end of a 3 day negative run has come for Microsoft Corp, which finished yesterday up 1.07% ($2.15). The price move occurred on volume that was down 29.19% from the day prior, but up 9.61% from the same day the week before. The daily price chart of Microsoft Corp below illustrates.

MSFT

Microsoft Corp Technical Analysis

Notably, Microsoft Corp is now close to its 100 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. Or to view things another way, note that out of the past 10 days Microsoft Corp’s price has gone down 6 them.

Overheard Around the Web

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

    $AAPL $MSFT $NVDA $QQQ $QCOM enough of the cyclical value rotation is dead … let’s get these back to ATH’s sooner than later … best defensive and long term growth plays period. ✅

    iNVESTING_PRO