MICROSOFT CORP. - Weekly - Technical analysis published on 04/16/2024 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
56%
17%
28%
My opinion
Bullish above 370.04 USD
My targets
416.64 USD (+0.08%)
434.90 USD (+4.46%)
My analysis
MICROSOFT CORP. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 370.04 USD. The next resistance located at 416.64 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 434.90 USD. After this resistance, buyers could then target 449.07 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.3
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Additional analysis
Quotes
The MICROSOFT CORP. price is 416.33 USD. Over 5 days, this instrument lost -2.33% and has been traded over the last 5 days between 413.73 USD and 425.18 USD. This implies that the 5 day price is +0.63% from its lowest point and -2.08% from its highest point.413.73
425.18
416.33
Here is a more detailed summary of the historical variations registered by MICROSOFT CORP.:
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of MICROSOFT CORP. in Weekly shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : Weekly
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
Price
S3 | S2 | S1 | Price | R1 | |
---|---|---|---|---|---|
ProTrendLines | 238.35 | 310.54 | 336.27 | 416.33 | 419.77 |
Change (%) | -42.75% | -25.41% | -19.23% | - | +0.83% |
Change | -177.98 | -105.79 | -80.06 | - | +3.44 |
Level | Minor | Major | Major | - | Intermediate |
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 | 395.72 | 404.57 | 409.11 | 417.96 | 422.50 | 431.35 | 435.89 |
Camarilla | 409.96 | 411.19 | 412.41 | 413.64 | 414.87 | 416.10 | 417.32 |
Woodie | 393.56 | 403.49 | 406.95 | 416.88 | 420.34 | 430.27 | 433.73 |
Fibonacci | 404.57 | 409.69 | 412.85 | 417.96 | 423.08 | 426.24 | 431.35 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 408.27 | 413.99 | 417.94 | 423.66 | 427.61 | 433.33 | 437.28 |
Camarilla | 419.24 | 420.13 | 421.01 | 421.90 | 422.79 | 423.67 | 424.56 |
Woodie | 407.40 | 413.55 | 417.07 | 423.22 | 426.74 | 432.89 | 436.41 |
Fibonacci | 413.99 | 417.68 | 419.96 | 423.66 | 427.35 | 429.63 | 433.33 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 370.04 | 384.21 | 402.47 | 416.64 | 434.90 | 449.07 | 467.33 |
Camarilla | 411.80 | 414.78 | 417.75 | 420.72 | 423.69 | 426.67 | 429.64 |
Woodie | 372.08 | 385.23 | 404.51 | 417.66 | 436.94 | 450.09 | 469.37 |
Fibonacci | 384.21 | 396.60 | 404.26 | 416.64 | 429.03 | 436.69 | 449.07 |
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): | 62.74 | |
MACD (12,26,9): | 19.5200 | |
Directional Movement: | 11.32 | |
AROON (14): | 71.43 | |
DEMA (21): | 428.41 | |
Parabolic SAR (0,02-0,02-0,2): | 430.82 | |
Elder Ray (13): | 8.66 | |
Super Trend (3,10): | 380.58 | |
Zig ZAG (10): | 416.88 | |
VORTEX (21): | 1.1300 | |
Stochastique (14,3,5): | 82.80 | |
TEMA (21): | 429.98 | |
Williams %R (14): | -29.75 | |
Chande Momentum Oscillator (20): | 13.52 | |
Repulse (5,40,3): | -2.3100 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.8300 | |
Courbe Coppock: | 19.61 |
MA7: | 422.03 | |
MA20: | 422.74 | |
MA50: | 415.17 | |
MA100: | 398.16 | |
MAexp7: | 418.09 | |
MAexp20: | 401.56 | |
MAexp50: | 365.35 | |
MAexp100: | 328.98 | |
Price / MA7: | -1.35% | |
Price / MA20: | -1.52% | |
Price / MA50: | +0.28% | |
Price / MA100: | +4.56% | |
Price / MAexp7: | -0.43% | |
Price / MAexp20: | +3.67% | |
Price / MAexp50: | +13.94% | |
Price / MAexp100: | +26.54% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
Don't forget to follow the news on MICROSOFT CORP.. At the time of publication of this analysis, the latest news was as follows:
- Microsoft Invests $1.5 Billion in Abu Dhabi's G42 to Accelerate AI Development and Global Expansion
- Microsoft Invests $1.5 Billion in Abu Dhabi's G42 to Accelerate AI Development and Global Expansion
- Microsoft Invests $1.5 Billion in Abu Dhabi's G42 to Accelerate AI Development and Global Expansion
- Microsoft announces quarterly earnings release date
- Holistic AI Joins the Microsoft for Startups Founders Hub to Drive AI Governance for Global Enterprises
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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