- The momentum on Microsoft stock price has formed a golden cross this week. We tell you why we are likely to see another ATH in the near-term.
Microsoft stock price looks set to extend the upside above the all-time highs of $473, which it hit twice in the last four sessions. The momentum on the stock is strongly bullish, with the daily RSI at 74. In addition, its average directional index (ADX) of 42 affirms a string upward trend that could help sustain the upside. That momentum has driven the 50-day Moving Average (MA) to cross above the 200-day MA, affirming the bullish view.
The company’s market fundamentals are strong, underpinned by growing demand for data centers amid AI technology scramble. The performance of the Microsoft (NASDAQ: MSFT) Azure platform, strong integration of Microsoft Copilot and partnership with ChatGPT owner, OpenAI has put it on a higher pedestal in the AI race than competitors like Amazon, Oracle and Apple.
Microsoft stock price gapped up after its last quarterly results and its strong guidance gives investors a strong confidence on its outlook. The company projects a double-digit revenue growth for fiscal year 2025, implying approximately $230 billion-$240 billion. In addition, the Build 2025 event revealed that the company is drifting more towards AI-led growth. Key among the highlights is the building of an open agentic AI ecosystem and developer tools at the center of it,
Microsoft Stock Price Prediction
The momentum on Microsoft stock price signals the likely continuation of the upside above $472 pivot mark. That momentum will likely encounter the first barrier at $475.However, an extended control by the bulls could break above that level and clear the path to test $480.
Conversely, going below $472 will signal the onset of bearish control. If that happens, the first support is likely to be at $468. The upside narrative will be invalid below that level. Meanwhile, such momentum could extend the downside and test the second support at $465.
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