MICROSOFT CORP. - Daily - Technical analysis published on 01/24/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
78%
6%
My opinion
Bearish under 304.93 USD
My targets
281.92 USD (-3.02%)
261.72 USD (-9.97%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on MICROSOFT CORP. as long as the price remains well below 304.93 USD. The sellers' bearish objective is set at 281.92 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 261.72 USD. In case of crossing, the next objective would be the support located at 231.65 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7
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Additional analysis
Quotes
MICROSOFT CORP. rating 290.69 USD. The price registered a decrease of -1.80% on the session with the lowest point at 289.12 USD and the highest point at 292.80 USD. The deviation from the price is +0.54% for the low point and -0.72% for the high point.289.12
292.80
290.69
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this MICROSOFT CORP. chart shows a sharp bearish trend. 82.14% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 100
Type : Bearish
Timeframe : Daily
In fact, 14 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : Daily
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Downside gap
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 231.65 | 261.72 | 281.92 | 290.69 | 304.93 | 319.91 | 330.43 |
| Change (%) | -20.31% | -9.97% | -3.02% | - | +4.90% | +10.05% | +13.67% |
| Change | -59.04 | -28.97 | -8.77 | - | +14.24 | +29.22 | +39.74 |
| Level | Major | Minor | Major | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 284.56 | 290.08 | 293.06 | 298.58 | 301.56 | 307.08 | 310.06 |
| Camarilla | 293.69 | 294.47 | 295.25 | 296.03 | 296.81 | 297.59 | 298.37 |
| Woodie | 283.28 | 289.45 | 291.78 | 297.95 | 300.28 | 306.45 | 308.78 |
| Fibonacci | 290.08 | 293.33 | 295.34 | 298.58 | 301.83 | 303.84 | 307.08 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 271.49 | 283.55 | 289.79 | 301.85 | 308.09 | 320.15 | 326.39 |
| Camarilla | 291.00 | 292.68 | 294.35 | 296.03 | 297.71 | 299.39 | 301.06 |
| Woodie | 268.58 | 282.10 | 286.88 | 300.40 | 305.18 | 318.70 | 323.48 |
| Fibonacci | 283.55 | 290.54 | 294.86 | 301.85 | 308.84 | 313.16 | 320.15 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 293.90 | 305.57 | 320.95 | 332.62 | 348.00 | 359.67 | 375.05 |
| Camarilla | 328.88 | 331.36 | 333.84 | 336.32 | 338.80 | 341.28 | 343.76 |
| Woodie | 295.75 | 306.50 | 322.80 | 333.55 | 349.85 | 360.60 | 376.90 |
| Fibonacci | 305.57 | 315.91 | 322.29 | 332.62 | 342.96 | 349.34 | 359.67 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 27.38 | |
| MACD (12,26,9): | -9.0100 | |
| Directional Movement: | -22.24 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 302.37 | |
| Parabolic SAR (0,02-0,02-0,2): | 313.22 | |
| Elder Ray (13): | -16.75 | |
| Super Trend (3,10): | 316.81 | |
| Zig ZAG (10): | 290.20 | |
| VORTEX (21): | 0.7600 | |
| Stochastique (14,3,5): | 1.59 | |
| TEMA (21): | 294.89 | |
| Williams %R (14): | -98.24 | |
| Chande Momentum Oscillator (20): | -26.35 | |
| Repulse (5,40,3): | -6.1600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2800 | |
| Courbe Coppock: | 18.74 |
| MA7: | 301.41 | |
| MA20: | 318.28 | |
| MA50: | 327.29 | |
| MA100: | 316.18 | |
| MAexp7: | 301.17 | |
| MAexp20: | 312.82 | |
| MAexp50: | 319.45 | |
| MAexp100: | 313.48 | |
| Price / MA7: | -3.56% | |
| Price / MA20: | -8.67% | |
| Price / MA50: | -11.18% | |
| Price / MA100: | -8.06% | |
| Price / MAexp7: | -3.48% | |
| Price / MAexp20: | -7.07% | |
| Price / MAexp50: | -9.00% | |
| Price / MAexp100: | -7.27% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The latest news and videos published on MICROSOFT CORP. at the time of the analysis were as follows:
- Thinking about trading options or stock in Unilever, Apple, Microsoft, Nio, or Netflix?
-
US Federal Reserve rate meeting; Tesla, Apple, Microsoft results - w/c 24 January 2022
- Vuzix Smart Glasses Now Supports Microsoft Endpoint Manager to Streamline Device Onboarding and Provisioning for Microsoft Teams
-
Microsoft buys Activision: Makers of Candy Crush and Call of Duty strike historic deal
-
Microsoft inks its biggest deal ever
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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