$MSFT Microsoft Corporation Stock Robo Analyst May 1 2020 #MSFT
Microsoft Corporation (MSFT) “On a long-term technical basis, the stock (MSFT) is trading above its 200-day moving average which implies it is in a positive trend. However, the stock has recently broken through an important trendline at 177.57 suggesting the next support level is at 166.39. This weakness suggests the long-term trend is turning neutral.
The stock has support at 166.39 and 155.21. If the stock breaks down through support at 166.39 then it will probably continue lower to 155.21. The stock will meet resistance at 175.00 and 190.70. If the stock breaks up through resistance at 175.00 then it will probably continue higher to 190.70. The 200-day moving average is at 152.32. This will also act as support. The stock is extremely overbought according to the Stochastic Indicator (80.53).”