Microsoft Technical Analysis | Microsoft Trading: 2022-04-28 | IFCM South Africa
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Microsoft Technical Analysis - Microsoft Trading: 2022-04-28

Microsoft Technical Analysis Summary

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Strong SellSellNeutralBuyStrong Buy

Below 269.91

Sell Stop

Above 293.53

Stop Loss

Ara Zohrabian
Ara Zohrabian
Senior Analytical Expert
Articles2757
IndicatorSignal
RSI Neutral
MACD Buy
Donchian Channel Sell
MA(200) Sell
MA(100) Sell
Fractals Sell
Parabolic SAR Buy

Microsoft Chart Analysis

Microsoft Chart Analysis

Microsoft Technical Analysis

The technical analysis of the Microsoft stock price chart on daily timeframe shows #S-MSFT,Daily is retreating after returning below the 200-day moving average MA(200) while the 100-day moving average MA(100) and MA(200) are about to form a death cross. We believe the bearish momentum will continue after the price breaches below the lower boundary of Donchian channel at 269.91. This level can be used as an entry point for placing a pending order to sell. The stop loss can be placed above the fractal high at 293.53. After placing the order, the stop loss is to be moved every day to the next fractal high, following Parabolic indicator signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (293.53) without reaching the order (269.91), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

Fundamental Analysis of Stocks - Microsoft

Microsoft stock declined despite better than expected quarterly results. Will the Microsoft stock price rebound?

Microsoft on Tuesday forecast double-digit revenue growth for the next fiscal year, citing higher demand for cloud computing services. Its fiscal third quarter profit and revenue beat Wall Street expectations, also driven by demand for its cloud-based services. The company reported revenue of $49.36 billion in the third quarter, up 18.4% compared with the third quarter a year earlier. Net income rose to $16.73 billion in the quarter ended March 31, up 8.2% from a year earlier. Stock price closed 3.74% down on the day after the report but recovered the loss next day however. Expected growing revenue and better results are bullish for a company’s stock price.

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This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.

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