Microsoft (MSFT) Price Near $204.96; 2 Day Up Streak Snapped, in a Downtrend Over Past 14 Days, Price Base in Formation Over Past 30 Days

The Hourly View for MSFT

Last Updated September 16, 2020, 23:12 GMT

At the time of this writing, MSFT’s price is down $-0.09 (-0.05%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as MSFT has now gone down 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. Of note is that the 20 hour changed directions on MSFT; it is now pointing down. 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

205.05 was the closing price of the day for Microsoft Corp, resulting in today being one in which price moved down 1.79% ($3.73) from the previous day. The change in price came along side change in volume that was up 21.14% from previous day, but down 56.5% from the Tuesday of last week. Here is a daily price chart of Microsoft Corp.

MSFT

Microsoft Corp Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. Also of note is that on a 30 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For additional context, note that price has gone down 6 out of the past 10 days.

Overheard Around the Web

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

    $NVDA $TSLA $MSFT $AMZN just taking a little breather. These will come out stronger soon enough. Have patience…and don’t leverage more than you can afford. A margin call could force a sale and the last thing you want to see is the stock take off the day after you sell, at a loss, to cover your margin call.

    Boneshaker