Table of Contents
Equities have been on a strong uptrend since the US and China paused their trade hostilities. However, that momentum was interrupted by soft US economic data released on Thursday. Nonetheless, I expect Microsoft, BP and Tesla stock prices to stay on the upside.
Microsoft
Microsoft (NASDAQ: MSFT) has just earned a spot in Investor’s Business Daily’s Long-term Leader’s list. The stock is on an upbeat momentum following strong earnings for Q1 2025, in which its EPS jumped by 18% to $3.46 YoY. In addition, it enjoys a strong growth forecast by Wall Street analysts, headlined by Azzure AI and Microsoft 365 Copilot. As things stand, Microsoft stock price has the strongest positive sentiment among the Magnificent 7.
Microsoft Stock Price Prediction
Pivot: Microsoft pivots at $452. The momentum calls for further upside.
Resistance: The first barrier will likely be at $455. Breaking above that level will clear the path to test $457.
Support: Initial support likely to be at $449. The upside narrative will be invalid below that level. Second support will likely be established at $447.
BP
BP stock price has been on an upbeat momentum in recent days, as takeover rumours won’t go away. The company is struggling with debt and its stock price is down by 24% in the last year, making it the more vulnerable to a potential takeover. In addition, leading analysts like Elliot Management believe that the company is still fundamentally strong and that its assets are undervalued. That raises the prospect of an extension of takeover tailwinds in the coming days.
BP Stock Price Prediction
Pivot: BP stock price pivot mark is at GBX 371.
Resistance: First resistance likely at GBX 375, beyond which the action could test GBX 379.
Support: Primary support will likely be at GBX 368. Action below that level will invalidate the upside narrative. Secondary support likely at GBX 365.
Tesla
Tesla stock price has been on a strong run since last April, and gained 41% in the last month. In addition, it is up by 5% in the last week. The company is expected to start its Robotaxi trials in Austin, Texas in June. That forms a strong foundation for continued upside in the intervening period. In addition, news of a new board member and pay package for Elon Musk provides support for Tesla (NASDAQ: TSLA).
Chipotle CEO Jack Hartung will join Tesla’s board from June 1, becoming the ninth member, calming recent concerns over the Board’s independence. Meanwhile, the board is reportedly working on a new pay package for Musk, in an effort to incentivise him to apportion more of his time to the company. A previous pay package has dragged on since 2018 and is subject to an appeal in Delaware Supreme Court.
Tesla stock price prediction
Pivot: TSLA price pivots at $349. The momentum favours the upside.
Resistance: First resistance likely at $350. Second one at $353.
Support: Primary support likely at $347. Upside narrative will be invalid below that level. Second support likely at $344.
