Microsoft Corporation (MSFT) Stock Forecasts

Summary

The stock market has come to life after the terrible moments last week. Over the past three days, the S&P 500 (SPX) has gained nearly 3%, while the Nasdaq and Nasdaq 100 (QQQ) have also gained 3%. The SPX is up 3.6% from last Friday’s low, the Nasdaq is up 4.5%, and the QQQ is up 4.2%. The SPX has retaken its 50-day high, and the five-day/13-day EMA (EMA) crossover is about to reverse. The 5/13 day EMA has already returned to the Nasdaq and QQQ. All three indices have recovered to 61.8% of their recent lows and are not far from making all-time highs. Indicators that we rarely talk about, and which are similar to Bollinger Bands, are price strategies. For the daily chart, we use 20-day price patterns. The upper pattern is the same as the 20-day, and the lower pattern is the same as the 20-day. The middle pattern is between the other two patterns. There are many ways to interpret price trends. They can be used for support and resistance, overbought and oversold areas, strong initiations and breaks in the upper direction, and vice versa. Since October 2023, the SPX has fallen below its downtrend but has rebounded quickly