Microsoft may rise to 472.00 - 479.00

437 is our pivot point.

Our preference

The upside prevails as long as 437 is support.

Alternative scenario

Below 437, expect 426 and 419.

Comment

The RSI is trading above 70. This could mean that either the stock is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 431.2185 and 419.4312).

Supports and resistances

486 **

479 *

472 **

465

449.78 (USD-last)

442

437 **

426 *

419 **

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