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Microsoft Corp., Technical Analysis

9/1/2022 11:18 AM

The shares of Microsoft Corp., a global giant in the development and sale of operating systems and software for computers, are trading in a corrective trend around 261.00.

On the daily chart, the price failed to consolidate within the uptrend and returned to the global downtrend with dynamic boundaries of 220.00–270.00, having broken the resistance line at 272.00.

On the four-hour chart, it is clearly seen that the support line at 259.00 acts as a barrier to further decline, which is also the lower limit of the local rising channel, in which the price is held. The consolidation below it will open the way for quotes to the lows of the year around ​​241.00.

Technical indicators keep a sell signal: indicator Alligator’s EMA oscillation range expands downwards, and the histogram of the AO oscillator forms downwards bars in the sell zone.





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