Microsoft Corporation (MSFT) Stock Forecasts

Summary:

The stock market rallied after some scary moments last week, with the S&P 500 ( SPX ) up nearly 3% over the past three days, while the Nasdaq and Nasdaq 100 ( QQQ ) have recovered more than 3%. : The SPX is up 3.6% from its intraday lows last Friday, the Nasdaq is up 4.5% and the QQQ increased by 4.2%. The SPX has quickly recovered its 50-day moving average and the five-day/13-day exponential moving average (EMA) crossover is close to bullish. All three indices have retraced more than 61.8% from their recent lows and are not far from all-time highs speaking and which are similar to Bollinger Bands. For the daily chart we use 20-day price bands. The upper band is equal to the 20-day high. The middle band is the midpoint of the other two bands There are many ways to interpret price channels. They can be used for support and resistance, overbought and oversold areas, with a break on the upper channel to start a trend and vice versa.Since October 2023, the SPX has broken down from its lower channel, but quickly recovered