💻 MSFT Approaches Key Resistance Level! | Technical Breakdown

Microsoft latest price: 387.81 USD

Microsoft dropped 0.2% today, continuing its downtrend in recent weeks.

Trend: Latest price is 387.81. A short-term rebound is underway, but price staying under EMA50, EMA200 and the trendline suggests the downtrend is still intact.
Momentum: Both MACD and RSI point to rising momentum — bulls are gaining control.
Support & Resistance: Price broke above the short-term channel. Warning: Price is below the long-term lower channel. Price is right at Fib 61%, a key Fibonacci level.

The technical outlook for Microsoft is rated 5/10 (50%). This suggests a weak setup, based on the combined evaluation of trend, momentum, and support/resistance analysis.

Stay tuned for more technical insights!

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