$MS Morgan Stanley Stock Robo Analyst October 16 2020 #MS
Morgan Stanley (MS) “On a long-term technical basis, the stock (MS) is trading above its 200-day moving average which generally implies it is in a positive trend.
The stock has support at 50.50 and 47.02. If the stock breaks down through support at 50.50 then it will probably continue lower to 47.02. The stock has resistance at 51.85 and at 57.63. If the stock breaks up through resistance at 51.85 then it will probably continue higher to 57.63. The 200-day moving average is at 46.66. This will also act as support. However, the stock has broken out of its long-term downtrend according to the fibonacci fan, which is significant. If the stock can form new support above 50.50 look for a rally to previous highs. The stock is extremely overbought according to the Stochastic Indicator (79.31).”