Microsoft is Up for the 2nd Day in a Row

The Daily View for Microsoft

  • At the moment, MSFT’s price is down $-0.83 (-0.32%) from the day prior.
  • Microsoft has seen its price go down 4 out of the past 5 days, thus creating some compelling opportunities for bears.
  • If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 day timeframes.
  • Price action traders may also wish to note that we see a doji candlestick pattern on Microsoft. Given that we see an uptrend on the 20 and 5 daily candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Microsoft’s hourly price chart is shown below.

MSFT

The Daily View for Microsoft

  • At the moment, MSFT’s price is up $1.24 (0.48%) from the day prior.
  • It’s been a feast for bulls operating on the daily timeframe, as Microsoft has now gone up 4 of the past 5 days.
  • As for the trend on the daily timeframe, we see the clearest trend on the 100 day timeframe.
  • The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Below is a daily price chart of Microsoft.

MSFT

Featured Microsoft Commentary From Twitter

For all the hoopla about being at highs etc. I find setups to still be lacking and several of those have been stuffed. Much of the momentum sectors are getting sold hard. But all is well bc AAPL AMZN FB MSFT NVDA NFLX are strong. Mkt feels very thin and narrow kinda like my hair.NA

Canny4