Microsoft Technical Analysis | Microsoft Trading: 2022-07-28 | IFCM Canada
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Microsoft Technical Analysis - Microsoft Trading: 2022-07-28

Microsoft Technical Analysis Summary

Neutral
SellBuy
Strong SellStrong Buy

Above 259.65

Buy Stop

Below 241.83

Stop Loss

Ara Zohrabian
Ara Zohrabian
Senior Analyst
Articles2785
IndicatorSignal
RSI Neutral
MACD Buy
Donchian Channel Buy
MA(200) Sell
Fractals Neutral
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 rebounding toward the upper bound of recent range under the 200-day moving average MA(200) which is declining itself. We believe the bullish momentum will continue after the price breaches above the upper boundary of Donchian channel at 259.65. 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 241.83. 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 (259.65) without reaching the order (241.83), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

Fundamental Analysis of Stocks - Microsoft

Microsoft stock rallied despite lower than expected quarterly results. Will the Microsoft stock price rebound continue?

Microsoft on Wednesday forecast double-digit revenue growth for the fiscal year 2023, citing higher demand for cloud computing services. Its fiscal fourth quarter profit and revenue missed Wall Street expectations. The company reported revenue of $51.87 billion in the fourth quarter, compared with the consensus projection of $52.45 billion. Stock price closed 6.69% up on the day after the report. Revenue growth expectations are bullish for a company’s stock price.

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Note:
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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