Microsoft shares (MSFT) included on the Nasdaq Stock Exchange a positive trading session at its last session, closed at $ 388.56, recording an increase of +2.58%, an increase of 9.79 dollars from the previous session.
These moves reflect a mixture of performance strength during the session and a wave of minor profit reaping, specifically in heavyweight technology shares.
Technical performance analysis
Microsoft’s share moves in a positive direction supported by strong purchasing momentum, as it has been able to penetrate important resistance levels during the last session, and the continuation of the current level enhances the possibility of the rising trend, with a major support level at $ 380, which represents a strong focal point in the event of price corrections, while the most important resistance is located at $ 400, and if the stock succeeds in overcoming it, we may witness more rise towards new levels.
Technical indicators support the rising trend, where the stock is trading over the moving average, which enhances the confidence of investors in the continuity of the positive trend, and the RSI is still in a balanced area, indicating that the stock does not reach the levels of purchasing saturation, and therefore there are no clear references to the reflection of the direction, and the trading volume is high, which reflects an increasing interest in the arrow during the recent period.
Future expectations
Microsoft’s share was upgraded to “buy” with the target price raised from $ 425 to $ 450, based on several fundamental factors that strengthened the attractiveness of the stock in investors, and the first of these factors is to improve the strategy of capitalist spending, as Microsoft turned to a more disciplined approach in managing its expenses, which helped improve the efficiency of its investments and enhance the return on the capital Investor.
The company also went to improve profit margins, which is a decisive factor in raising the evaluation, as the company was able to reduce its operational costs, which contributed to achieving higher profits, in addition to the strong Microsoft site in the technology market, where one of its largest strengths remains, and continues to enhance its position in areas such as cloud computing and artificial intelligence, which makes it among the best -performance companies in light of the global economic slowdown.
Analysts expect stable growth this year, giving investors additional confidence in the performance of the stock, which made the stock an attractive option for investors looking for stable investment opportunities with a long -term return in the long run.
