Microsoft may fall to 383.00 - 391.00

Our pivot point stands at 440.

Our preference

The downside prevails as long as 440 is resistance.

Alternative scenario

The upside breakout of 440 would call for 456 and 464.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 448.8205 and 439.0718).

Supports and resistances

464 **

456 *

440 **

435

425.27 (USD-last)

400

391 **

383 *

374 **

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