Microsoft may fall to 413.00 - 421.00

Our pivot point stands at 458.

Our preference

Target 421.

Alternative scenario

The upside breakout of 458 would call for 471 and 478.

Comment

The RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is below its 20 day moving average (452.99) but above its 50 day moving average (438.5208).

Supports and resistances

478 **

471 *

458 **

453

444.85 (USD-last)

428

421 **

413 *

406 **

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