Microsoft may rise to 492.00 - 500.00

Our pivot point is at 449.

Our preference

The upside prevails as long as 449 is support.

Alternative scenario

Below 449, expect 436 and 428.

Comment

The RSI is above 70. It could mean either that the stock is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 445.962 and 427.2934).

Supports and resistances

507 **

500 *

492 **

484

467.56 (USD-last)

454

449 **

436 *

428 **

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