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. — 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.
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