Microsoft Technical Analysis | Microsoft Trading: 2023-07-07 | IFCM Tanzania
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Microsoft Technical Analysis - Microsoft Trading: 2023-07-07

Microsoft Technical Analysis Summary

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Strong SellSellNeutralBuyStrong Buy

Above 342.87

Buy Stop

Below 335.41

Stop Loss

Ara Zohrabian
Ara Zohrabian
Senior Analytical Expert
Articles2603
IndicatorSignal
RSI Neutral
MACD Buy
Donchian Channel Neutral
MA(200) Buy
Fractals Buy
Parabolic SAR Buy

Microsoft Chart Analysis

Microsoft Chart Analysis

Microsoft Technical Analysis

The technical analysis of the Microsoft stock price chart on 4-hour timeframe shows #S-MSFT,H4 is rebounding above the 200-period moving average MA(200) which is rising itself. We believe the bullish momentum will continue after the price breaches above the upper boundary of Donchian channel at 342.87. This level can be used as an entry point for placing a pending order to buy. The stop loss can be placed below the fractal low at 335.41. After placing the order, the stop loss is to be moved every day to the next fractal low, 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 (342.87) without reaching the order (335.41), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

Fundamental Analysis of Stocks - Microsoft

Microsoft stock edged up after Morgan Stanley raised its price target for the company’s stock. Will the Microsoft stock price advancing continue?

Yesterday Morgan Stanley raised its price target for Microsoft stock to $415 from $335. That is the second highest among analysts tracked by Bloomberg after Redburn’s $450 target. Morgan Stanley has rated Microsoft overweight since early 2016, and the stock has gained more than 500% in that period. The stock has gained 42% this year. $415 price target for the software giant implies a valuation of around $3.1 trillion and Morgan Stanley analysts justify their upgrade by claiming Microsoft is the best placed in the sector to benefit from the growth of AI. Microsoft is planning now to overhaul its entire lineup of Office apps — including Excel, PowerPoint, Outlook and Word — with OpenAI technology after the success of its ChatGPT tool. Microsoft’s stock rose 0.9% on Thursday.

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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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