Microsoft is in a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates a continued rise. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the stock has support at approximately 141 dollar. Volume tops and volume bottoms correspond badly with tops and bottoms in the price. This weakens the rising trend and could be an early signal for a coming trend break.
RSI above 70 shows that the stock has strong positive momentum in the short term. Investors have steadily paid more to buy the stock, which indicates increasing optimism and that the price will continue to rise. However, particularly for big stocks, high RSI may be a sign that the stock is overbought and that there is a chance of a reaction downwards. The stock is overall assessed as technically positive for the medium long term.
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Danny Deegan is the owner and proprietor of stocktipsguru.com. Born in the UK, currently working within financial services with an emphasis on equity investments.