Microsoft Stock Forecast: Will MSFT perform better than the index?

Microsoft Stock Forecast: Will MSFT perform better than the index?

Uncategorized US Stocks
December 23, 2021 by Elizabeth McKeniser
15
Microsoft Stock Forecast: The shares of Microsoft Corporation (NASDAQ: MSFT) are expected to trade between $ 321 and $ 335 for the next 24 hours. The overall recommendation for the next 24 hours is Buy. 4 of the 5 Momentum Indicators are Positive. None of the 5 Momentum Indicators are Negative 2 analysts Microsoft Corporation

Microsoft Stock Forecast: The shares of Microsoft Corporation (NASDAQ: MSFT) are expected to trade between $ 321 and $ 335 for the next 24 hours. The overall recommendation for the next 24 hours is Buy.

4 of the 5 Momentum Indicators are Positive. None of the 5 Momentum Indicators are Negative

2 analysts

Microsoft Corporation closed 1.81% higher at $ 333.2 on 22.12.2021.

Metric
Value
Trend
Share Volume
25 M
Steady
Average Share Volume
27 M
NA
Forward PE (1 Year)
36.5
NA
Microsoft Stock Forecast: Outperformance round the corner?

Microsoft Corporation Performance Chart

Stock Name
1 day
5 day
1 Month
1 Year
+1.81%
-0.75%
-133%
+50.8%

Microsoft Stock Forecast: Momentum Summary

Momentum Indicator
Indicator Direction
Stock Price
Higher
Technical
Buy
Social Media Sentiment
Higher
Volume
Steady
Performance vs NASDAQ
Higher

Microsoft Stock Forecast: Support and Resistance

Source
Support
Resistance
Recommendation
$ 322 (S3)
$ 333 (R1)
Buy
$ 320 (S3)
$ 336 (R1)
Buy

BIG TECH STOCK ANALYSIS( AMZN, TSLA , AAPL, MSFT, FB, GOOG), Foreign Accent

MSFT Latest Prediction Tweets and News

Alextradez on Twitter: “$MSFTNot really liking this chart at all, not enough confirmations of support and resistance for me, Going to just see how it follows $SPY and $AAPL Most likely not playing this pic.twitter.com/OJ1dXcsf9L / Twitter”

MSFTNot really liking this chart at all, not enough confirmations of support and resistance for me, Going to just see how it follows $SPY and $AAPL Most likely not playing this pic.twitter.com/OJ1dXcsf9L

Originally tweeted by Dagger_Six 🌐 (@Dagger_Six) on December 22, 2021.

$MSFT broke above 200MA (1hr chart), needs to establish support above 330.64 and this can head higher

MSFT Social Media Sentiments

Social Media Sentiment Period
Positive Sentiment
Negative Sentiment
Net Sentiment
Last 7 days
7%
10%
Negative
Last 24 hours
9%
9%
Neutral

Microsoft Corporation Latest Videos

3@3 With Jon Najarian – December 22 – $MSFT $RBLX $AA, Video starts at 1 minute

Microsoft Corporation 12 Month Forecast

Source
Overall Analysts’ Consensus
Upper Range
Lower Range
CNN Money
Buy
$440
$294
Nasdaq.com
Buy
$410
$320
Investment.com
Buy
$412
$299

Fibonacci Pivot Points and Trend Lines

image 722

The chart above is daily chart for Microsoft Corporation. Microsoft Inc is in uptrend since 30th March 2021, as shown above with help of trend line. The stock took support at $280 in the month of October which also coincide with S1 for the month of October. After taking support at level of $280 on 4th October. The stock went on to breach R3 in October. In month of November, it majorly traded between R1 and R2 and entered December on a positive note above pivot point.

December has been disappointing month for Microsoft as it broke pivot point of $335 and also fell below S1 only to take support at S2 around $317. Yesterday i.e. 20.12.2021, stock has again rebounded from $317 and stock is holding S2 level for the month of December. Also, it is trading below 50 days exponential moving average of $326.73 and that shows not so bullish sentiments for Microsoft Inc.

The stock should trade between $350 and $317 for the month of December. R2 at $349.94 should act as strong resistance and $317 should act as strong support. But the immediate target for stock is to reclaim 50 days EMA and pivot point of $335, then only some fresh buying can be initiated in the stock. Support and resistance for the month of December is listed below.

Name
S3
S2
S1
Pivot
R1
R2
R3
Classic
288.94
312.24
321.42
335.54
344.72
358.84
382.14
Fibonacci
312.24
321.14
326.64
335.54
344.44
349.94
358.84
Woodie’s
300.18
313.27
323.48
336.58
346.78
359.88
370.08

Moving Averages and Supertrend Indicator

image 723

The stock is majorly in uptrend since last one year and same is depicted via Supertrend indicator. One year before, on 21.12.2020, Microsoft closed at $222.59 and since then it has outperformed Nasdaq by giving 44% return. Also it has seen minor drawdowns but that is followed by big bull rallies. The stock moved higher for major period of time but that came after small periods of consolidation with negative bias.

Recently in third week of December, stock is again in the consolidation zone and is preparing for the next bull run which is expected to start afresh in the next year. Also it can be seen that 10 days EMA hovered above 20 days EMA for bull run and recently it has broken 20 days EMA from above. It cautions us that an investor should wait before initiating fresh buying positions. Also Supertrend indicator is not signaling positively towards Microsoft Corporation. Various moving averages are listed below with buy/sell signals

Period
SMA
Signal
EMA
Signal
MA5
325.40
Sell
325.36
Sell
MA10
330.54
Sell
327.78
Sell
MA20
331.08
Sell
330.13.
Sell
MA50
326.77
Sell
325.09
Sell
MA100
310.86
Buy
311.07
Buy
MA200
283.84
Buy
288.96
Buy

Momentum Indicators RSI and MACD Combined with Volume

image 724

Above is the daily chart for Microsoft Inc with RSI and MACD indicator. The good thing about bluest of blue chip stocks is that they follow indicators like MACD and RSI very nicely. Whenever RSI has crossed over 75, for example, on 23th August and 8th November, the stock has corrected little bit. Also, when RSI has fallen below 30, it has recovered uniformly. Normally technical analysts use RSI as (30,70) as lower band and upper band, I prefer using (40,60), as whenever RSI crosses 40, it gives signal that strength is coming back to the stock.

Currently RSI is just above 40, but it should not be used alone to enter the stock. MACD line is below signal line, cautioning against initiating buy position. Also the bars of MACD are not on down side for last couple of days and it may take time for MACD line to cross signal line from below.

It is time to wait and watch for Microsoft Corporation, one should wait for MACD line crossover and RSI to hover between 40 and 70 to enter the stock. All this should be followed by good volume, because volume protects against fake signals. A buy/sell signal combined with good volume cements conviction or else stock can reverse on the following day.

A Combination of Bollinger Bands and ADX

image 725

Microsoft has beautifully abided Bollinger bands and generally it is seen that Bollinger bands do not expand for bluechip stocks. On 22nd November, stock touched the upper band and it is followed by a correction. On 22nd September and 12th May, it touched lower band and that is followed by a good recovery. Also ADX generally lies between 20 and 40, and whenever it has fallen below 15, it saw a rebound and it falls again when it crossed above 45 around 50.

Currently, ADX is 22 and stock is around the lower band, indicating that rebound is awaited for the stock in near term, but actual time is anybody’s guess. But for that to happen, positive DMI will first cross negative DMI, and ADX line will rebound above 25. Also it should be keenly watched that Bollinger band should not expand on the lower side and history should repeat itself.

Take Away Points from Technical Analysis of Microsoft Corporation

  • For the month of December, $317 is very strong support, and $335 should act as good resistance and if it claims that then it will move towards $350.
  • The stock is trading below 50 days EMA and all lower EMA than that, indicating not so bullish trend in near term and Supertrend is also cautioning against fresh buying.
  • MACD should cross signal line to give confidence about the bullish sentiments with RSI between 40 and 60 with good volume.
  • As stock is near lower Bollinger band, a rebound is expected soon, but that should be followed by ADX bouncing back from the current level of 22.

Check out our Extensive US Stocks and Crypto Content

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.

Add a comment