MICROSTRATEGY INC. - 1H - Technical analysis published on 03/06/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
6%
39%
56%
My opinion
Bullish above 1,088.02 USD
My targets
1,210.28 USD (+2.74%)
1,272.94 USD (+8.06%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on MICROSTRATEGY INC. as long as the price remains well above 1,088.02 USD. The buyers' bullish objective is set at 1,210.28 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1,272.94 USD. If there is any crossing, the next objective would be the resistance located at 1,358.25 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, technical indicators are in opposition with the general bullish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
3.9
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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 MICROSTRATEGY INC. price is 1,178.00 USD. The price registered an increase of +12.08% on the session and was traded between 1,131.10 USD and 1,205.00 USD over the period. The price is currently at +4.15% from its lowest and -2.24% from its highest.1,131.10
1,205.00
1,178.00
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
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:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Abnormal volumes on MICROSTRATEGY INC. were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of MICROSTRATEGY INC. in 1H shows a strongly overall bullish trend. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, only 7 technical indicators out of 18 studied are currently positioned bearish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 685.15 | 860.00 | 1,088.02 | 1,178.00 | 1,272.94 | 1,358.25 |
| Change (%) | -41.84% | -26.99% | -7.64% | - | +8.06% | +15.30% |
| Change | -492.85 | -318.00 | -89.98 | - | +94.94 | +180.25 |
| Level | Major | Major | Minor | - | 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 | 642.05 | 838.56 | 944.78 | 1,141.29 | 1,247.51 | 1,444.02 | 1,550.24 |
| Camarilla | 967.76 | 995.51 | 1,023.26 | 1,051.01 | 1,078.76 | 1,106.51 | 1,134.26 |
| Woodie | 596.92 | 815.99 | 899.65 | 1,118.72 | 1,202.38 | 1,421.45 | 1,505.11 |
| Fibonacci | 838.56 | 954.20 | 1,025.64 | 1,141.29 | 1,256.93 | 1,328.37 | 1,444.02 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 426.16 | 557.05 | 818.22 | 949.11 | 1,210.28 | 1,341.17 | 1,602.34 |
| Camarilla | 971.57 | 1,007.51 | 1,043.45 | 1,079.39 | 1,115.33 | 1,151.27 | 1,187.21 |
| Woodie | 491.30 | 589.62 | 883.36 | 981.68 | 1,275.42 | 1,373.74 | 1,667.48 |
| Fibonacci | 557.05 | 706.82 | 799.34 | 949.11 | 1,098.88 | 1,191.40 | 1,341.17 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 74.38 | 270.93 | 646.89 | 843.44 | 1,219.40 | 1,415.95 | 1,791.91 |
| Camarilla | 865.40 | 917.88 | 970.36 | 1,022.84 | 1,075.32 | 1,127.80 | 1,180.28 |
| Woodie | 164.08 | 315.78 | 736.59 | 888.29 | 1,309.10 | 1,460.80 | 1,881.61 |
| Fibonacci | 270.93 | 489.63 | 624.75 | 843.44 | 1,062.14 | 1,197.26 | 1,415.95 |
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): | 53.11 | |
| MACD (12,26,9): | 33.7000 | |
| Directional Movement: | -3.25 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 1,211.40 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,253.67 | |
| Elder Ray (13): | -14.38 | |
| Super Trend (3,10): | 1,337.68 | |
| Zig ZAG (10): | 1,161.37 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 29.23 | |
| TEMA (21): | 1,179.93 | |
| Williams %R (14): | -59.25 | |
| Chande Momentum Oscillator (20): | -92.01 | |
| Repulse (5,40,3): | -3.9400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.8200 | |
| Courbe Coppock: | 1.10 |
| MA7: | 1,069.31 | |
| MA20: | 818.67 | |
| MA50: | 654.71 | |
| MA100: | 567.74 | |
| MAexp7: | 1,156.50 | |
| MAexp20: | 1,152.39 | |
| MAexp50: | 1,045.27 | |
| MAexp100: | 915.44 | |
| Price / MA7: | +10.16% | |
| Price / MA20: | +43.89% | |
| Price / MA50: | +79.93% | |
| Price / MA100: | +107.49% | |
| Price / MAexp7: | +1.86% | |
| Price / MAexp20: | +2.22% | |
| Price / MAexp50: | +12.70% | |
| Price / MAexp100: | +28.68% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
Don't forget to follow the news on MICROSTRATEGY INC.. At the time of publication of this analysis, the latest news was as follows:
- Vertosoft Named as New Distributor for MicroStrategy
- Thinking about buying stock in Johnson & Johnson, Fortress Biotech, MicroStrategy, Neximmune, or ShiftPixy?
- MicroStrategy Announces Second Quarter 2023 Financial Results
- MicroStrategy Announces Earnings Release Date and Live Video Webinar for Second Quarter 2023 Financial Results
- Thinking about buying stock in Bentley Systems, MicroStrategy, Icahn Enterprises, Verve Therapeutics, or Bilibili?
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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