MICROSOFT CORP. - Daily - Technical analysis published on 10/10/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 316.48 USD
My targets
337.57 USD (+2.40%)
358.72 USD (+8.82%)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on MICROSOFT CORP. as long as the price remains well above 316.48 USD. The buyers' bullish objective is set at 337.57 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 358.72 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
5.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The MICROSOFT CORP. rating is 329.65 USD. On the day, this instrument lost -0.05% and was traded between 327.99 USD and 331.10 USD over the period. The price is currently at +0.51% from its lowest and -0.44% from its highest.327.99
331.10
329.65
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this MICROSOFT CORP. chart shows a bullish trend. 64.29% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : Daily
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
Price
S3 | S2 | S1 | Price | R1 | R2 | |
---|---|---|---|---|---|---|
ProTrendLines | 274.18 | 290.01 | 316.48 | 329.65 | 337.57 | 358.72 |
Change (%) | -16.83% | -12.02% | -4.00% | - | +2.40% | +8.82% |
Change | -55.47 | -39.64 | -13.17 | - | +7.92 | +29.07 |
Level | Minor | Intermediate | Major | - | Major | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 318.11 | 320.65 | 325.23 | 327.77 | 332.35 | 334.89 | 339.47 |
Camarilla | 327.86 | 328.52 | 329.17 | 329.82 | 330.47 | 331.13 | 331.78 |
Woodie | 319.14 | 321.16 | 326.26 | 328.28 | 333.38 | 335.40 | 340.50 |
Fibonacci | 320.65 | 323.37 | 325.05 | 327.77 | 330.49 | 332.17 | 334.89 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 297.94 | 304.57 | 315.92 | 322.55 | 333.90 | 340.53 | 351.88 |
Camarilla | 322.32 | 323.96 | 325.61 | 327.26 | 328.91 | 330.56 | 332.21 |
Woodie | 300.29 | 305.75 | 318.27 | 323.73 | 336.25 | 341.71 | 354.23 |
Fibonacci | 304.57 | 311.44 | 315.69 | 322.55 | 329.42 | 333.67 | 340.53 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 271.77 | 290.61 | 303.18 | 322.02 | 334.59 | 353.43 | 366.00 |
Camarilla | 307.11 | 309.99 | 312.87 | 315.75 | 318.63 | 321.51 | 324.39 |
Woodie | 268.64 | 289.04 | 300.05 | 320.45 | 331.46 | 351.86 | 362.87 |
Fibonacci | 290.61 | 302.61 | 310.02 | 322.02 | 334.02 | 341.43 | 353.43 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
RSI (14): | 56.68 | |
MACD (12,26,9): | -0.6500 | |
Directional Movement: | 4.79 | |
AROON (14): | 57.14 | |
DEMA (21): | 321.57 | |
Parabolic SAR (0,02-0,02-0,2): | 312.31 | |
Elder Ray (13): | 6.65 | |
Super Trend (3,10): | 309.71 | |
Zig ZAG (10): | 329.90 | |
VORTEX (21): | 0.9000 | |
Stochastique (14,3,5): | 93.81 | |
TEMA (21): | 322.64 | |
Williams %R (14): | -6.74 | |
Chande Momentum Oscillator (20): | 12.94 | |
Repulse (5,40,3): | 3.4400 | |
ROCnROLL: | 1 | |
TRIX (15,9): | -0.1000 | |
Courbe Coppock: | 2.10 |
MA7: | 322.88 | |
MA20: | 322.61 | |
MA50: | 324.73 | |
MA100: | 329.68 | |
MAexp7: | 324.37 | |
MAexp20: | 323.07 | |
MAexp50: | 324.93 | |
MAexp100: | 320.20 | |
Price / MA7: | +2.10% | |
Price / MA20: | +2.18% | |
Price / MA50: | +1.52% | |
Price / MA100: | -0.01% | |
Price / MAexp7: | +1.63% | |
Price / MAexp20: | +2.04% | |
Price / MAexp50: | +1.45% | |
Price / MAexp100: | +2.95% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The last news published on MICROSOFT CORP. at the time of the generation of this analysis was as follows:
- Thinking about buying stock in Lithium Americas, Microsoft, Shopify, Maia Biotechnology, or C3.ai?
- ARMA INFOCON 2023 to Offer Dedicated Microsoft Education Track; Trade Show and Conference to take Place October 8-11 in Detroit, MI
- Domino's® and Microsoft Cook Up AI-Driven Innovation Alliance for Smarter Pizza Orders and Seamless Operations
- EY and Microsoft expand social impact collaboration and advance sustainability education worldwide with Green Skills Passport
- Thinking about trading options or stock in Workday, Meta Platforms, Microsoft, Kohls, or Boeing?
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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