Macro:
- Microsoft (MSFT) climbed on cautious optimism ahead of major earnings and economic data.
- Four of the “Magnificent Seven,” AMZN, AAPL, META, and MSFT, are set to report, with investors focusing on Microsoft (MSFT) today.
- Wall Street expects EPS of 3.22 USD and revenue of 68.44 B USD, both up YoY. Microsoft’s strength in AI, cloud, and enterprise software, along with its continued investment in AI talent and solid dividend history, makes this a closely watched report.
- Key drivers will be its results, AI/cloud growth outlook, and forward guidance, while any surprises could shift the stock sharply.
Technical:
- MSFT recovered and tested the resistance at around 396, confluence with EMA78. The price is sideways, and we await a clearer breakout to determine the following direction.
- If MSFT breaks above 396, the price may approach the following resistance at 405, confluence with the 100% Fibonancci Extension.
- On the contrary, remaining below 396 may prompt a retest to the support at around 378, confluence with the broken descending channel.
Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness
- Microsoft (MSFT) climbed on cautious optimism ahead of major earnings and economic data.
- Four of the “Magnificent Seven,” AMZN, AAPL, META, and MSFT, are set to report, with investors focusing on Microsoft (MSFT) today.
- Wall Street expects EPS of 3.22 USD and revenue of 68.44 B USD, both up YoY. Microsoft’s strength in AI, cloud, and enterprise software, along with its continued investment in AI talent and solid dividend history, makes this a closely watched report.
- Key drivers will be its results, AI/cloud growth outlook, and forward guidance, while any surprises could shift the stock sharply.
Technical:
- MSFT recovered and tested the resistance at around 396, confluence with EMA78. The price is sideways, and we await a clearer breakout to determine the following direction.
- If MSFT breaks above 396, the price may approach the following resistance at 405, confluence with the 100% Fibonancci Extension.
- On the contrary, remaining below 396 may prompt a retest to the support at around 378, confluence with the broken descending channel.
Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
I’ve taken a break from my public community engagements to focus on raising my three kids, but I'm rediscovering my passion for working again. Stay connected, as I plan to return and rejoin my old communities with a lot of new skills one day soon.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.