Microsoft Analysis, The Bulls Are Not Stopping
Hello everyone, as we all know the market action discounts everything :)
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The MSFT has been having a great year so far and the Bullish trend doesn't seem to be slowing down yet. over the year the trend has been going up and forming new support levels and it started after the fall that happened to the stock on February 13 2020.
MSFT is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
MSFT has an average volume of 21698600. This is a good sign as it is always nice to have a liquid stock.
Scenario for the market action :
The price has reached and brokeout all the daily resistance lines spreading from 301.42 to 304.71, a very strong movement for the stock today, If the bulls were able to keep this momentum up then the stock won't have any problem reaching the weekly resistance line located at 306.86 by the end of the week. but if the trend lost some short-term momentum then we will see the price drop a bit and sit near the 304.71 level for this week.
Technical indicators show :
1) The market is above the 5 10 20 50 100 and 200 MA and EMA (Strong Bullish sign)
2) The RSI is at 65.52 showing Great strength in the market. there is a possibility for a divergence to form soon as the market is showing but nothing too big yet
3) The ADX is at 30.53 showing that the market is trending, With a positive crossover between DI+ (28.33) and DI- (14.33)
Daily Support and Resistance :
support Resistance
1) 298.13 1) 301.42
2) 296.47 2) 303.05
3) 294.84 3) 304.71
Weekly Support and Resistance :
support Resistance
1) 293.34 1) 300.10
2) 290.98 2) 304.50
3) 286.58 3) 306.86
Fundamental point of view :
MSFT has a Return On Assets of 18.36%. This is amongst the best returns in the industry. The industry average is -4.59%. MSFT outperforms 96% of its industry peers, and the stock Profit Margin of 36.45% is amongst the best returns of the industry.
In addition to announcing a six-cent-per-share dividend increase, Microsoft announced a share buyback program. The company’s three-year dividend growth is over 31%, which is exceptional. And this is an example of a stock that is also making growth investors happy. Since the correction at the start of the Covid-19 pandemic, MSFT stock has seen its share price rise 102% as of this writing. The success of Microsoft Teams to facilitate the need for remote work as well as remote learning will likely continue to be a catalyst for some time. Analysts still foresee a nearly 10% upside for the stock from its current price at around $303 per share. According to marketbeat
This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts for The Fundamental point of view, not financial advice.
If you have any questions please ask and have a great day !!
Thank you for reading.
_________________________________Make sure to Like and Follow if you like the idea_________________________________
The MSFT has been having a great year so far and the Bullish trend doesn't seem to be slowing down yet. over the year the trend has been going up and forming new support levels and it started after the fall that happened to the stock on February 13 2020.
MSFT is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
MSFT has an average volume of 21698600. This is a good sign as it is always nice to have a liquid stock.
Scenario for the market action :
The price has reached and brokeout all the daily resistance lines spreading from 301.42 to 304.71, a very strong movement for the stock today, If the bulls were able to keep this momentum up then the stock won't have any problem reaching the weekly resistance line located at 306.86 by the end of the week. but if the trend lost some short-term momentum then we will see the price drop a bit and sit near the 304.71 level for this week.
Technical indicators show :
1) The market is above the 5 10 20 50 100 and 200 MA and EMA (Strong Bullish sign)
2) The RSI is at 65.52 showing Great strength in the market. there is a possibility for a divergence to form soon as the market is showing but nothing too big yet
3) The ADX is at 30.53 showing that the market is trending, With a positive crossover between DI+ (28.33) and DI- (14.33)
Daily Support and Resistance :
support Resistance
1) 298.13 1) 301.42
2) 296.47 2) 303.05
3) 294.84 3) 304.71
Weekly Support and Resistance :
support Resistance
1) 293.34 1) 300.10
2) 290.98 2) 304.50
3) 286.58 3) 306.86
Fundamental point of view :
MSFT has a Return On Assets of 18.36%. This is amongst the best returns in the industry. The industry average is -4.59%. MSFT outperforms 96% of its industry peers, and the stock Profit Margin of 36.45% is amongst the best returns of the industry.
In addition to announcing a six-cent-per-share dividend increase, Microsoft announced a share buyback program. The company’s three-year dividend growth is over 31%, which is exceptional. And this is an example of a stock that is also making growth investors happy. Since the correction at the start of the Covid-19 pandemic, MSFT stock has seen its share price rise 102% as of this writing. The success of Microsoft Teams to facilitate the need for remote work as well as remote learning will likely continue to be a catalyst for some time. Analysts still foresee a nearly 10% upside for the stock from its current price at around $303 per share. According to marketbeat
This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts for The Fundamental point of view, not financial advice.
If you have any questions please ask and have a great day !!
Thank you for reading.
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