Analysis of Microsoft Corp. (MSFT) Weekly ChartHistorical Trend: The chart illustrates Microsoft Corp.'s stock price on a weekly timeframe from 2022 to mid-2025. The stock showed a steady upward trend from 2022 to early 2025, reflecting strong growth driven by its dominance in software and cloud computing.
Key Levels:
Resistance: The $483.89-$477.40 range (red line) has acted as a significant resistance level. The price recently tested this zone and appears to have faced rejection.
Support Levels:
Support 1: $425.59 (green line) served as a mid-range support during recent corrections.
Support 2: $376.00 (green line) acted as a stronger support level during prior consolidations.
Major Support 3: $316.63 (green line) represents a critical long-term support zone, tested during deeper pullbacks.
Recent Price Action: After approaching the resistance at $483.89, the stock experienced a sharp decline, forming a descending pattern (blue line). This suggests a potential bearish reversal or correction following the rejection at resistance.
Projected Movement: The downward projection indicates the stock could decline toward the $316.63 major support level if the bearish momentum continues. A break below $376.00 would confirm this trend, while a bounce from $425.59 could signal a potential recovery.
Volume and Indicators: The chart includes Bollinger Bands (O475.21 H483.46 L474.08 C477.40) with a -2.44 (-0.51%) change, indicating moderate volatility. The recent drop suggests selling pressure, though specific volume data is not detailed.
Outlook: The stock is currently in a bearish phase after failing to break above $483.89. Watch for a potential test of $425.59 or $376.00 supports. A recovery above $477.40 would indicate a resumption of the bullish trend, while a drop below $316.63 could signal a deeper correction.
