MS | SHORTNYSE:MS
Technical Analysis of Morgan Stanley (MS)
Key Observations:
Current Price Action:
Price: $95.85
Recent Drop: -5.91 (-5.81%)
Support and Resistance Levels:
Immediate Support: $93.99 (Bearish Line)
Further Supports: $92.66 (Target Price 1), $86.34 (Target Price 2), and $82.74 (Target Price 3)
Trendlines:
The price has broken below the upward trendline, indicating a potential shift from a bullish to a bearish trend.
Relative Strength Index (RSI):
Current RSI: 52.21
The RSI shows a decline, indicating increasing selling pressure but still in a neutral zone.
Target Prices:
Target Price 1: $92.66
This level is the immediate support and a potential first target for any continued downward movement.
Target Price 2: $86.34
If the price breaks below the immediate support, the next target is around $86.34, a previous support level.
Target Price 3: $82.74
Further downside could see the price reaching $82.74, another key support level.
Summary:
Morgan Stanley (MS) has experienced a significant drop, breaking below a key support level and its upward trendline. The next levels to watch are $93.99, $92.66, $86.34, and $82.74. The RSI is neutral, suggesting the potential for further declines if market conditions remain negative.