Microsoft Corporation Stock Code MSFT.NAS
Price broke above the cloud on 14 April 2020 and has been above the cloud since. Following the breakout at $171.60, price has risen to a high of $208.02, which is also a historical high for this stock. Conversion and Base lines had a bullish crossover on 3 April and both lines have been rising with Conversion line supporting price declines most of the time. Price has largely been above the Base line as well, which is a sign of a bullish trend. Lagging Span is above price of 26 days ago and above the cloud as well, hinting of a strong bullish trend.. MACD is bullish and had a bullish crossover, hinting of a bullish trend ahead. Both of MACD lines are above the zero line as well. There was a breakout of an Ichimoku V-shaped price structure, which gives a target of $243.40. As MACD momentum is still strong, we think price can move towards this target.
$243.00 Price Target
$190.00 Risk Management Stop
3 weeks Trade Duration