How the price action of Microsoft ($MSFT) is used to our Advantage
November 01, 2023, 01:15 am ET, BY Thomas Y.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for MSFT
- Buy MSFT slightly over 327.44 target 351.25 stop loss @ 326.49 Details
The technical summary data tells us to buy MSFT near 327.44 with an upside target of 351.25. This data also tells us to set a stop loss @ 326.49 to protect against excessive loss in case the stock begins to move against the trade. 327.44 is the first level of support below 338.11 , and by rule, any test of support is a buy signal. In this case, support 327.44 would be being tested, so a buy signal would exist.
- Short MSFT slightly under 351.25, target 327.44, stop loss @ 352.26 Details
The technical summary data is suggesting a short of MSFT as it gets near 351.25 with a downside target of 327.44. We should have a stop loss in place at 352.26though. 351.25 is the first level of resistance above 338.11, and by rule, any test of resistance is a short signal. In this case, if resistance 351.25 is being tested, so a short signal would exist.
Swing Trading Plans for MSFT
- Buy MSFT slightly over 338.73, target 351.25, Stop Loss @ 337.75 Details
If 338.73 begins to break higher, the technical summary data tells us to buy MSFT just slightly over 338.73, with an upside target of 351.25. The data also tells us to set a stop loss @ 337.75 in case the stock turns against the trade. 338.73 is the first level of resistance above 338.11, and by rule, any break above resistance is a buy signal. In this case, 338.73, 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 338.73, target 329.78, Stop Loss @ 339.71. Details
The technical summary data is suggesting a short of MSFT if it tests 338.73 with a downside target of 329.78. We should have a stop loss in place at 339.71 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, 338.73, 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 338.73, target 340.18, Stop Loss @ 337.94 Details
If 338.73 begins to break higher, the technical summary data tells us to buy MSFT just slightly over 338.73, with an upside target of 340.18. The data also tells us to set a stop loss @ 337.94 in case the stock turns against the trade. 338.73 is the first level of resistance above 338.11, and by rule, any break above resistance is a buy signal. In this case, 338.73, 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 338.73, target 330.97, Stop Loss @ 339.52. Details
The technical summary data is suggesting a short of MSFT if it tests 338.73 with a downside target of 330.97. We should have a stop loss in place at 339.52 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, 338.73, 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 November 01:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Strong |
| P1 |
0 |
0 |
327.44 |
| P2 |
330.97 |
329.78 |
351.25 |
| P3 |
340.18 |
338.73 |
375.74 |
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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