MSFT stocks showed minimal response to the impressive Q4 report
Microsoft Corporation's revenue for Q4 2023 increased by 18% and amounted to 62.02 billion USD, exceeding the average analyst estimate of 61.12 billion USD. Earnings per share (EPS) reached 2.93 USD, surpassing the consensus estimate by 15 cents. Nevertheless, stock prices barely reacted to this outstanding result. This circumstance may open up an investment window of opportunity.
That is why we will look at the Microsoft Corporation (NASDAQ: MSFT) stock chart today.
On the D1 timeframe, support at 402.43 was broken through on 31 January, and resistance has formed at 409.98. There is a probability of a corrective decline in quotes to the 393.59 level, which previously served as support.
On the H1 timeframe, a breakthrough of the 407.24 level could set a short-term target for a price increase at 420.00, while in the medium term, it could hover around 450.00.
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Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66.02% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
That is why we will look at the Microsoft Corporation (NASDAQ: MSFT) stock chart today.
On the D1 timeframe, support at 402.43 was broken through on 31 January, and resistance has formed at 409.98. There is a probability of a corrective decline in quotes to the 393.59 level, which previously served as support.
On the H1 timeframe, a breakthrough of the 407.24 level could set a short-term target for a price increase at 420.00, while in the medium term, it could hover around 450.00.
—
Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66.02% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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