Microsoft may rise to 455.00 - 464.00

Our pivot point stands at 409.

Our preference

Short term rebound.

Alternative scenario

The downside breakout of 409 would call for 393 and 384.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the stock is trading above its 20 day moving average (414.579) but under its 50 day moving average (435.5).

Supports and resistances

474 **

464 *

455 **

445

424.8 (USD-last)

415

409 **

393 *

384 **

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