MSFT closes lower for the 3rd day in a row

Technical Analysis Report for MSFT - May 17, 2018 [1 min read]
MSFT breaks key support level
MSFT closes below its opening price unable to hold early session gains
MSFT closes lower for the 3rd day in a row
MSFT runs into sellers again around 97.54
MSFT breaks below previous session low
TQ Sentiment
Technical Forecast:

Moving lower for the 3rd day in a row, MSFT finished Thursday at 96.18 losing $0.97 (-1.0%) on low volume. Today's closing price of 96.18 marks the lowest close since May 8th. Trading $0.78 higher after the open, the share was unable to hold its gains as the bears took control ending the day below its opening price. Closing below Wednesday's low at 96.62, the stock confirms its breakout through the previous session's low having traded $0.79 below it intraday.

Daily chart for MSFT

Thursday's trading range was $1.71 (1.77%), that's slightly below last trading month's daily average range of $2.06. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being slightly below average.

Price Action

In a volatile session, prices traded above the prior day's high as well as below the previous day's low, forming a bearish Outside Bar.


Prices are trading close to a key support level at 95.05. Breaking below the key support level at 96.71 today, it is now likely to act as resistance going forward. After having been unable to move above 97.40 in the prior session, the market ran into sellers again around the same price level today, failing to move higher than 97.54.


The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.


While classical technical analysis indicates a slightly bearish sentiment for the next trading day, our quantitative statistics show a different picture being bullish.

Report Market Conditions
Price broke through Technical Support S1 TQ Pro Members Only
High close to previous High TQ Pro Members Only
Closed below last periods low TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
3 Consecutive Lower Closes TQ Pro Members Only
More market conditions identified for TQ Pro members...
Learn more about TQ Pro
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Microsoft Corp. traded like this in the past. See the odds for each technical pattern with expected gain and loss.


Stocks Top Movers

NATGAS 2.9580.028 0.96%
NDX 6,953.6360.01 0.87%
TBOND 142.4381.094 0.77%
DXY 93.9000.405 0.43%
SPX 2,733.298.85 0.32%
CRUDE 71.83-0.30 -0.42%
GBPUSD 1.3347-0.0083 -0.62%
EURUSD 1.1697-0.0081 -0.69%
USDJPY 110.08-0.82 -0.74%
NKY 22,437.01-252.73 -1.11%
Start your day with the facts moving the markets
By clicking "Subscribe", you agree to our terms and privacy policy.