Microsoft (MSFT) Closes Last Hour Up $1.43; Moves Down For the 2nd Straight Day, in an Uptrend Over Past 90 Days, Price Base in Formation Over Past 30 Days

The Hourly View for MSFT

Last Updated September 17, 2020, 23:14 GMT

At the time of this writing, MSFT’s price is down $-1.89 (-0.92%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. As for the trend on the hourly timeframe, we see the clearest trend on the 20 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 came into today down 1.04% ($2.14) from the open of the previous day, marking the 2nd straight day it has gone down. The change in price came along side change in volume that was up 27.42% from previous day, but down 36% from the Wednesday of last week. Let’s take a look at the daily price chart of Microsoft Corp.


Microsoft Corp Technical Analysis

The first thing we should note is that Microsoft Corp is now close to its 100 day moving averages, which may act as price barrier for the asset. 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. 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.

Overheard Around the Web

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

    $TSLA you heard it here first
    This stock has been pumped. Battery day will be the dump. And earning reports will be the wake up call to everyone who bought into this overpriced POS.

    Good luck all.