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Microsoft Corp. Price is Held in the Range of 247.00–286.00

3/15/2023 2:21 PM

The price of stocks of Microsoft Corp., a global giant in the development and sale of operating systems and computer software, is trading in a corrective trend, being around the 261.00 mark.

The company's startups continue their progressive development, and on the eve of one of the most technologically advanced OpenAI projects announced the release of a powerful artificial intelligence model GPT-4. The key difference of the new bot is the increased level of filtering of unacceptable content, which is why GPT-4 is 82.0% less likely to respond to requests for prohibited information on the network than its earlier version GPT-3.5.

Also Microsoft Corp. announced the next reshuffle in the leadership. So, Sandra Peterson was appointed to the position of the leading independent director, who replaced John W. Thompson.   

On Friday, the Board of Directors decided to pay quarterly dividends of 0.68 dollars per share, which will be sent to investors on June 8 with the closing date of the register on May 18. Thus, the payout will be the third at this rate, and its annual yield is estimated at a modest 1.10% per annum.   

On the daily chart, the price continues to hold in a wide upward corridor with dynamic boundaries of 247.00–286.00.

Technical indicators are still in an uncertain state, but they are ready to give a signal for the start of purchases: the range of EMA fluctuations of the alligator indicator continues to narrow, and the AO histogram has reached the transition level with readiness to overcome it.

Support levels: 250.00, 231.00. | Resistance levels: 268.00, 285.00.

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