Technical Bounce Setup: MSFT Oversold at $456.66
Shares of Microsoft Corp (MSFT) declined 0.60% to $456.66 on January 16.
Chart analysis reveals a bearish configuration:
Moving Averages
The stock trades below its 9-day EMA ($470.63) with the 21-day ($476.56) acting as overhead resistance.
Momentum
RSI at 27.8 is approaching oversold territory, which may present buying opportunities. MACD is bearish (-6.41 vs signal -4.64).
Volatility
Price has pierced the lower Bollinger Band ($461.45), which often precedes a bounce.
Despite the bearish EMA structure, oversold RSI suggests patient buyers may find opportunity near $461.45.
The $461.45-$496.62 range defines near-term boundaries.
