MSFT Approaches Resistance Overbought at $543.45
The stock of Microsoft Corp (MSFT) climbed 0.43% to close at $543.45 on October 14.
Technical indicators paint a bullish picture:
Moving Averages
Bullish EMA alignment intact with price above the 9-day at $529.73 and 21-day at $517.74.
Momentum
RSI at 72.0 is elevated in overbought zone, which often precedes pullbacks. MACD reads 12.35 against its 10.16 signal line (bullish).
Volatility
Bollinger Band width at 12.2% indicates normal volatility.
While the trend remains bullish, elevated RSI warrants caution for new entries at current levels.
Traders are watching $482.96 on the downside and $545.44 on the upside.
