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- Microsoft spokesperson has recently announced that he cannot comment on the timing of Acquisition of Blizzard.
- MSFT stock price is currently in a consolidated trend. It is currently trading near the value of $245.
Microsoft corporation which has expected to complete their acquisition of video game publisher Blizzard has been seeing a delay. Recently Microsoft spokesman David Cuddy has said that the company is now declining to comment on the timing of the transaction for the video-game publisher Activision Blizzard. US federal trade commission has sued the block deal as they think that it would hinder the competition. Regulators has said that the Microsoft’s ownership of Activision could hurt other players in the vast gaming market.
Microsoft has a total market cap of more than $1 Trillion. It has a PE of 26 with an EPS of 9.29. It is currently 30% below its 52 week high and can jump above it in upcoming months.
Is MSFT Stock Price Looking For An Upside?
The weekly technical chart of Microsoft stock price suggests a downside trend. It has been ranging in between $220 to $270 from quite some time. MSFT stock price has also been subject to strong volatility from the past few days. It is currently trading near the value of $245 with a drop of 0.8% in intraday session. The upside move of MSFT stock price can see a halt near the value of $270. Meanwhile the support in coin price can be seen near $200. It is trading below the 100 Daily Moving Average. If it crosses above 100 DMA then a strong upside can be seen in the future.
RSI of the MSFT stock is near 51 with a weak negative slope. The overall sentiment of RSI is neutral.
Conclusion
Microsoft corporation acquisition of Activision Blizzard has been getting delayed. MSFT stock price is currently seeing a consolidated move but can move to a new high in future.
Technical Levels
Major Support:$200
Major Resistance: $280
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
