MICROSOFT CORP (NASDAQ:MSFT) Reveals Intriguing Technical Aspects. Here's What You Need to Know.

Our stock screener has flagged MICROSOFT CORP (NASDAQ:MSFT) as a potential breakout candidate. This occurs when the stock shows signs of consolidation after a notable upward trend. While we can't predict the actual breakout, it's worth monitoring NASDAQ:MSFT for potential movement.

Deciphering the Technical Picture of NASDAQ:MSFT

Every day ChartMill assigns a Technical Rating to every stock. The score ranges from 0 to 10 and is determined by evaluating multiple technical indicators and properties.

Taking everything into account, MSFT scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, MSFT has proven to be a steady performer, scoring decent points in every aspect analyzed.

• The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
• Looking at the yearly performance, MSFT did better than 86% of all other stocks. We also observe that the gains produced by MSFT over the past year are nicely spread over this period.
• MSFT is one of the better performing stocks in the Software industry, it outperforms 73% of 279 stocks in the same industry.
• 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.
• In the last month MSFT has a been trading in a tight range between 397.22 and 417.35.

Check the latest full technical report of MSFT for a complete technical analysis.

Looking at the Setup

Alongside the Technical Rating, ChartMill assigns a Setup Rating to evaluate the consolidation level of a stock. This rating, ranging from 0 to 10, is updated daily and considers various short-term technical indicators. The current setup rating for NASDAQ:MSFT is 8:

Besides having an excellent technical rating, MSFT also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 420.55. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 409.17, a Stop Loss order could be placed below this zone.

Trading setups like NASDAQ:MSFT

A breakout opportunity may arise when the stock surpasses the current consolidation zone and reaches new highs. Traders often wait for this breakout before considering buying the stock. To manage risk, a stop loss order could be placed below the consolidation zone to limit potential losses.

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents technical observations generated by automated analysis but does not guarantee any trading outcomes. Always trade responsibly and make independent judgments.

More breakout setups can be found in our Breakout screener.

Disclaimer

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.