Microsoft may rise to 473.00 - 480.00

Our pivot point is at 437.

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 above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 433.286 and 420.4048).

Supports and resistances

487 **

480 *

473 **

466

450.84 (USD-last)

442

437 **

426 *

419 **

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