Microsoft stock quotes continue to move within the framework of growth and a downward channel. At the time of publication of the forecast, MSFT’s share price is 242.07. Moving averages indicate a bearish trend. Prices have gone up from the area between the signal lines, which indicates pressure from buyers and a likely continuation of price growth already from current levels. At the moment, we should expect an attempt to grow and test the resistance level near the 250.05 area. Where can we consider a rebound down and the continuation of the fall in the value and the course of Microsoft with a target below the level of 215.05.
Microsoft Stock Forecast January 26, 2023
An additional signal in favor of a decline in MSFT quotes will be a test of the trend line on the relative strength index (RSI). The second signal will be a rebound from the upper border of the descending channel. Cancellation of the option of falling value of Microsoft shares in the current trading week will be a strong growth and a breakdown of the level of 265.05. This will indicate a breakdown of the upper descending channel and continued growth above the level of 295.05. Expect confirmation of the fall in MSFT quotes with a breakdown of the support area and closing below the level of 230.05, which will indicate a breakdown of the lower border of the bullish correction channel.
Microsoft Stock Forecast January 26, 2023 suggests an attempt to test the resistance area near the level of 250.05. Further, the continuation of the fall of MSFT quotes with a target below the level of 215.05. Cancellation of the option to reduce the price of Microsoft shares will be a strong growth and a breakdown of the level of 265.05. This will indicate a breakdown of the upper boundary of the descending channel. In this case, we should expect continued growth to the level of 295.05.
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