MICROSOFT CORP. - Daily - Technical analysis published on 12/13/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
22%
33%
44%
My opinion
Bullish above 357.99 USD
My targets
382.70 USD (+2.79%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on MICROSOFT CORP. as long as the price remains well above 357.99 USD. The buyers' bullish objective is set at 382.70 USD. A bullish break in this resistance would boost the bullish momentum. 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, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
4.6
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The MICROSOFT CORP. price is 372.32 USD. The price is lower by -0.55% since the last closing and was traded between 370.77 USD and 377.64 USD over the period. The price is currently at +0.42% from its lowest and -1.41% from its highest.370.77
377.64
372.32
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of MICROSOFT CORP. indicates that the overall trend is strongly bullish. 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 market scanner is currently detecting several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
Ichimoku - Bearish crossover : Tenkan & Kijun
Type : Bearish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Dark cloud cover
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 311.12 | 336.89 | 357.99 | 372.32 | 382.70 |
| Change (%) | -16.44% | -9.52% | -3.85% | - | +2.79% |
| Change | -61.20 | -35.43 | -14.33 | - | +10.38 |
| Level | Major | Major | Major | - | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 367.79 | 369.13 | 371.75 | 373.09 | 375.71 | 377.05 | 379.67 |
| Camarilla | 373.29 | 373.65 | 374.02 | 374.38 | 374.74 | 375.11 | 375.47 |
| Woodie | 368.44 | 369.45 | 372.40 | 373.41 | 376.36 | 377.37 | 380.32 |
| Fibonacci | 369.13 | 370.64 | 371.57 | 373.09 | 374.60 | 375.53 | 377.05 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 355.04 | 358.97 | 366.60 | 370.53 | 378.16 | 382.09 | 389.72 |
| Camarilla | 371.05 | 372.11 | 373.17 | 374.23 | 375.29 | 376.35 | 377.41 |
| Woodie | 356.89 | 359.90 | 368.45 | 371.46 | 380.01 | 383.02 | 391.57 |
| Fibonacci | 358.97 | 363.39 | 366.11 | 370.53 | 374.95 | 377.67 | 382.09 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 305.14 | 322.05 | 350.48 | 367.39 | 395.82 | 412.73 | 441.16 |
| Camarilla | 366.44 | 370.60 | 374.75 | 378.91 | 383.07 | 387.22 | 391.38 |
| Woodie | 310.90 | 324.93 | 356.24 | 370.27 | 401.58 | 415.61 | 446.92 |
| Fibonacci | 322.05 | 339.37 | 350.07 | 367.39 | 384.71 | 395.41 | 412.73 |
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): | 54.59 | |
| MACD (12,26,9): | 4.7700 | |
| Directional Movement: | 12.52 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 378.21 | |
| Parabolic SAR (0,02-0,02-0,2): | 362.90 | |
| Elder Ray (13): | 1.68 | |
| Super Trend (3,10): | 362.34 | |
| Zig ZAG (10): | 372.06 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 45.26 | |
| TEMA (21): | 375.25 | |
| Williams %R (14): | -57.57 | |
| Chande Momentum Oscillator (20): | -6.61 | |
| Repulse (5,40,3): | 0.8100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.2900 | |
| Courbe Coppock: | 1.49 |
| MA7: | 372.02 | |
| MA20: | 374.40 | |
| MA50: | 353.27 | |
| MA100: | 339.32 | |
| MAexp7: | 372.72 | |
| MAexp20: | 370.40 | |
| MAexp50: | 357.94 | |
| MAexp100: | 343.85 | |
| Price / MA7: | +0.08% | |
| Price / MA20: | -0.56% | |
| Price / MA50: | +5.39% | |
| Price / MA100: | +9.73% | |
| Price / MAexp7: | -0.11% | |
| Price / MAexp20: | +0.52% | |
| Price / MAexp50: | +4.02% | |
| Price / MAexp100: | +8.28% |
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 TAKE-TWO INTERACTIVE, Linde, Oracle, Microsoft, or Airbnb?
- Grid Dynamics Earns the Analytics on Microsoft Azure Advanced Specialization
- AFL-CIO and Microsoft announce new tech-labor partnership on AI and the future of the workforce
- Lucy(R) Available in the Microsoft Azure Marketplace
- Tempus Resource Announces Integration With Microsoft Teams
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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