Microsoft bounces, the decline loses its rhythm
Microsoft climbs 2.3% as the weekly MACD flips back to a bullish cross
Microsoft bounces, the decline loses its rhythm
Our view last week
Last week's 4.7% bounce has already faded: this week Microsoft stock slipped 1.4%, and the sell signal, now in its fifth week of management, is back to compressing inside a tight corridor between the 380 area and the 386 area. Under the surface something is shifting: money flow has climbed for a fourth straight reading, even as the weekly MACD just turned into a fresh bearish cross. In this swing trading setup the short is still up 1.44%.
This week's summary
This week Microsoft stock climbed 2.3%, and the technical picture flipped fast: the weekly MACD, which had just turned bearish seven days ago, is already back in a bullish cross. Money flow keeps rising for a fourth straight week, and the stock is still just above its 200-week average. The sell signal, now in its sixth week of management, is struggling to find rhythm.
IQS Phase
50
ordinary
Signal Strength
5
decline fading out
Sizing
MINIMUM
Ranking
#112 / 140
US stocks
Trade P&L %
-0.79%
from signal to today
restricted Platinum content