Microsoft Corp (MSFT) Heads Up For the 2nd Day In A Row; in an Uptrend Over Past 14 Days

The Hourly View for MSFT

Last Updated February 16, 2021, 12:30 GMT

At the time of this writing, MSFT’s price is down $-0.98 (-0.4%) from the hour prior. MSFT has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. Price action traders may also wish to note that we see a doji candlestick pattern on MSFT. Given that we see an uptrend on the 20 and 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. The moving averages on the hourly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Microsoft Corp Daily Price Recap

Microsoft Corp is up 0.2% ($0.5) since yesterday, marking the 2nd day in a row it has gone up. The price move occurred on volume that was up 5.33% from the day prior, but down 37.51% from the same day the week before. Let’s take a look at the daily price chart of Microsoft Corp.

MSFT

Microsoft Corp Technical Analysis

Volatility for Microsoft Corp has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 10 out of the past 14 days.

Overheard Around the Web

Here’s what one trader on StockTwits recently had to say in regards to MSFT:

    $MSFT
    Microsoft testing browser-based version of xCloud, The Verge reports Microsoft is testing a browser-based version of its xCloud game streaming service, The Verge's Tom Warren reports, citing sources familiar with the plans. The service allows Xbox players to access their games through a browser, and opens up xCloud to work on devices like iPhones and iPads, according to the report.
    Read more at:
    https://thefly.com/n.php?id=3247479
    View the full list of news/momentum plays on watch at : bit.ly/32GfaRt
    [No bias / position]
    [Find me at https://stocktwits.com/sbiswas | https://twitter.com/soumyajyoti_b]"

    sbiswas