Microsoft (MSFT) Closes Prior Hour Up 0.34%; in an Uptrend Over Past 90 Days, Bearish Engulfing Pattern Present

The Hourly View for MSFT

Last Updated September 11, 2020, 15:10 GMT

Currently, MSFT’s price is up $0.61 (0.3%) from the hour prior. The hourly chart shows that MSFT has seen 3 straight up hours. As for the trend on the hourly timeframe, we see the clearest trend 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 entered today at $205.37, down 2.8% ($5.92) from the previous day. The change in price came along side change in volume that was down 21.74% from previous day, but up 24.29% from the Thursday of last week. Here is a daily price chart of Microsoft Corp.


Microsoft Corp Technical Analysis

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. Or to view things another way, note that out of the past 10 days Microsoft Corp’s price has gone up 5 them. Traders may also wish to note that there is a bearish engulfing pattern in play, which suggests the uptrend on the 90 day charts, may be slowing down and ready to reverse.

Overheard Around the Web

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

    $AAPL $MSFT all Call credit spreads closed at over 80% profitability on Apple and msft. Also closed out 5 covered calls on Apple so I have more to sell next big bounce we get. The premiums have been so large I’m letting my msft covered calls ride even though they’re 70% profitable. Leaps are STRUG-U-LING but that’s why I buy leaps – cause trying to time irrational markets is like trying to explain gravity to a chicken. Gonna keep chipping away at that cost basis until this passes. 👍