How the price action of Microsoft ($MSFT) is used to our Advantage
August 26, 2023, 03:00 am ET, BY Rick W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for MSFT
- Buy MSFT slightly over 297.47 target 328.12 stop loss @ 296.61 Details
The technical summary data tells us to buy MSFT near 297.47 with an upside target of 328.12. This data also tells us to set a stop loss @ 296.61 to protect against excessive loss in case the stock begins to move against the trade. 297.47 is the first level of support below 322.98 , and by rule, any test of support is a buy signal. In this case, support 297.47 would be being tested, so a buy signal would exist.
- Short MSFT slightly under 328.12, target 297.47, stop loss @ 329.07 Details
The technical summary data is suggesting a short of MSFT as it gets near 328.12 with a downside target of 297.47. We should have a stop loss in place at 329.07though. 328.12 is the first level of resistance above 322.98, and by rule, any test of resistance is a short signal. In this case, if resistance 328.12 is being tested, so a short signal would exist.
Swing Trading Plans for MSFT
- Buy MSFT slightly over 325.63, target 328.12, Stop Loss @ 324.69 Details
If 325.63 begins to break higher, the technical summary data tells us to buy MSFT just slightly over 325.63, with an upside target of 328.12. The data also tells us to set a stop loss @ 324.69 in case the stock turns against the trade. 325.63 is the first level of resistance above 322.98, and by rule, any break above resistance is a buy signal. In this case, 325.63, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short MSFT slightly near 325.63, target 317.93, Stop Loss @ 326.57. Details
The technical summary data is suggesting a short of MSFT if it tests 325.63 with a downside target of 317.93. We should have a stop loss in place at 326.57 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 325.63, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for MSFT
- Buy MSFT slightly over 323.76, target 325.63, Stop Loss @ 323 Details
If 323.76 begins to break higher, the technical summary data tells us to buy MSFT just slightly over 323.76, with an upside target of 325.63. The data also tells us to set a stop loss @ 323 in case the stock turns against the trade. 323.76 is the first level of resistance above 322.98, and by rule, any break above resistance is a buy signal. In this case, 323.76, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short MSFT slightly near 323.76, target 317.93, Stop Loss @ 324.52. Details
The technical summary data is suggesting a short of MSFT if it tests 323.76 with a downside target of 317.93. We should have a stop loss in place at 324.52 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 323.76, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Microsoft (MSFT) available here: MSFT.
MSFT Ratings for August 26:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Strong |
| P1 |
0 |
0 |
297.47 |
| P2 |
323.76 |
317.93 |
328.12 |
| P3 |
329.97 |
325.63 |
358.39 |
AI Generated Signals for MSFT
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Microsoft (NASDAQ: MSFT) data table below can help you with price action, and we have more details too. Trading plans for MSFT are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for MSFT:
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