Microsoft Corp Stock Analysis: Can MSFT Keep Up The Rally?

• The Microsoft Corp. (MSFT) stock price is trading at $359.49 currently with a market capitalization of $2.673 Billion.
• MSFT stock gave more than 38.40% return to investors in a year.

Microsoft Corp (MSFT) is a tech company that offers software, hardware, cloud services, and gaming products. Its stock is listed on the Nasdaq stock exchange with the ticker symbol MSFT. On July 18, 2023, its stock closed at $345.73, a 0.14% increase from the previous day.

Its market value was $2.571 Trillion and its P/E ratio was 37.50. Its stock price fluctuated between $213.43 and $351.47 in the past 52 weeks. It distributed $0.68 per share as a quarterly dividend, with a 0.79% yield. It will announce its fourth-quarter earnings for fiscal year 2023 on July 25, 2023.

Microsoft’s cloud business has been growing rapidly in recent years, especially amid the COVID-19 pandemic, boosting its performance. It has also increased its stake in the gaming industry, by buying Activision Blizzard for $69 Billion in January 2023.

Weekly Analysis of MSFT Stock

The stock price of Microsoft Corp. has risen above the 50 and 200-day moving averages in the weekly chart, indicating a strong bullish trend. The market is optimistic about MSFT’s performance. Moreover, the weekly RSI and MACD are also in favor of the bulls.

MSFT Stock Price Technical Analysis

There is strong buying interest in Microsoft Corp. (MSFT) as its stock price has gone above the 200-day and 50-day moving averages. The stock price could continue to climb higher and start an uptrend if the buyers keep pushing. Furthermore, the bullish cross on the daily chart supports the bullish outlook.

The technical indicators MACD, RSI, and super trend are giving positive signals about Microsoft stock. The MACD line has crossed above the signal line, indicating bullish momentum. The RSI is above 50, indicating a positive trend. The super trend line is below the price, indicating an uptrend. These indicators suggest that Microsoft stock is in a strong bullish trend and may continue to rise.

Conclusion

Microsoft Corp. stock is reaching new highs while it reports an increase in its earnings. MSFT hit higher highs and surpassed the 50- and 200-day moving averages on daily and weekly time frames. The RSI, MACD, moving averages and super trend are all positive, signalling a strong uptrend.

Technical Levels

• Support – The current support level is $324.87.

• Resistance –The current resistance level is $367.14.

Disclaimer

The MSFT stock price prediction given in this article is for informational and educational use only. Do not use this information as financial, investment, or as trading advice. Investing and trading in stock is a risky task. Please consider your circumstances and risk profile before making any investment decisions.