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- Microsoft released its Q2 earnings and they were not great and also missed analysts expectations
- Technical indicators are favoring the weak upside move. It is currently trading near $248 and has gained 2%
Microsoft Corporation is a technology company headquartered in Redmond, Washington that specializes in the development and sale of computer software, consumer electronics, and personal computers. The company was founded in 1975 by Bill Gates and Paul Allen and has since grown into one of the largest technology companies in the world.Microsoft is well known for its Windows operating system and Office software suite, but it has also expanded into other areas such as cloud computing, gaming, and artificial intelligence. The company’s strong brand, extensive product offerings, and solid financial performance have made it a popular stock among investors.Microsoft’s stock has been a consistent performer over the years, providing long-term growth and stability to investors. The company’s financial performance has been impressive, with solid revenue growth, high profit margins, and a strong balance sheet. Additionally, Microsoft has a strong focus on innovation and continues to invest heavily in research and development to ensure it stays at the forefront of the technology industry.
Microsoft has recently released their earnings and it was not as expected as per the analysts.Cloud comping branch of Microsoft has seen a strong growth. Various analysts are expecting strong growth in the future.
Is MSFT Stock Price Ready To Run?
The weekly technical chart of the Microsoft stock price suggests a consolidated momentum. On the daily chart it is trading near the value of $246 with a loss of 0.89%.The upside momentum of the MSFT can see a halt near $275.Meanwhile the support of the MSFT can see a halt near $225.It is currently trading above the 50 and 100 Daily Moving Average. It can see a positive crossover which can push the price.On the 4 hour chart it is trading in an upside move.
RSI of the stock price is near 55 with a downside slope.The overall sentiment of the RSI is neutral.
Conclusion
Microsoft has recently released their earnings which was less than the analysts expectations. MSFT stock price is currently in a consolidated move and can see a new high in the future.
Technical Levels
Major Support:$225
Major Resistance:$275
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.
