Microsoft may rise to 492.00 - 500.00

Our pivot point stands at 449.

Our preference

The upside prevails as long as 449 is support.

Alternative scenario

The downside breakout of 449 would call for 436 and 428.

Comment

The RSI is above 70. It could mean either that the stock is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 445.962 and 427.2934).

Supports and resistances

507 **

500 *

492 **

484

467.56 (USD-last)

454

449 **

436 *

428 **

Number of asterisks represents the strength of support and resistance levels.