<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>MSFT stock price: The shares have experienced a downtrend since the 52-week high, but the bulls haven’t given up&nbsp;</a> </li> 
 <li> <span>2</span> <a>The company has performed well in recent quarters, see the highlights below&nbsp;</a> </li> 
 <li> <span>3</span> <a>The stock price is currently reclaiming its support level while exhibiting some price movements.</a> </li> 
</ul> 
<p>Microsoft Corporation (NYSE: MSFT) develops and supports software, services, devices, and solutions. It operates through three primary business segments which include Productivity and Business Processes, Intelligent Cloud, and Personal Computing.</p> 
<h2 class="wp-block-heading" id="strong-the-quarterly-financial-performance-strong"><strong>The Quarterly financial performance</strong></h2> 
<p>The recent quarterly report of June 2023 has some interesting highlights that are enough to keep the current long bullish run going. The total revenue incurred of $56B, which is 8.3% more than that of last year.&nbsp;</p> 
<p>The major source of this revenue was cloud computing services, which accounted for 39% of the total. With an EBITDA margin of a staggering 50.1%, Microsoft kept the pretax profits of $24B.&nbsp;</p> 
<p>Amy Hood, the chief financial officer of Microsoft said that they have delivered a solid close to the fiscal year driven by Microsoft Cloud quarterly revenue of $30.3 billion, up 21% year-over-year.</p> 
<h2 class="wp-block-heading" id="strong-technical-analysis-and-price-prediction-of-msft-stock-strong"><strong>Technical analysis and price prediction of MSFT stock</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" loading="lazy" width="1024" height="511" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-105-1024x511.png" alt="" class="wp-image-173705" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-105-1024x511.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-105-300x150.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-105-768x384.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-105-1536x767.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-105-360x180.png 360w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-105-750x375.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-105-1140x569.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-105.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Chart provided by<a href="https://in.tradingview.com/chart/1SBAxzHq/?symbol=LSE%3ASBRY"> TradingView </a>(Daily time frame)
  </figcaption>
 </figure>
</div> 
<p>The MSFT <a href="https://www.thecoinrepublic.com/2023/09/13/iag-stock-price-half-yearly-reports-overwhelm-the-investors/" target="_blank" rel="noreferrer noopener">stock price</a> started its bullish trend after the bulls finally broke the significant resistance level of $274 in March of this year. This was the start of the bullish trend, which lasted till July of this year when the stock made a 52-week high of $366.&nbsp;</p> 
<p>Some corrections started after the point of the 52-week high. The bulls show no signs of strength, as the stock has been in a downtrend since then. The MSFT stock price has broken multiple support levels.</p> 
<p>The MSFT stock price is trading at $318 at the press time, near its immediate support of $311. The stock tried to break the resistance of $339, but the bears reclaimed it. Thus, the current downtrend continued.</p> 
<h3 class="wp-block-heading" id="strong-short-term-price-prediction-strong"><strong>Short term Price prediction</strong></h3> 
<p>Strength indicator like RSI is currently at 46, below its neutral level of 50. It indicates that the bulls will make another attempt to get the price up. Furthermore, the trend line will be broken if the MSFT stock price makes another high toward its resistance. The bulls will have to break above it for a trend reversal.</p> 
<p>The price prediction for MSFT stock will be bullish as the previous day’s green candle shows strong momentum. The price levels are likely to make another high towards its resistance, after which the bulls will attempt a breakout&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>The Microsoft Corporation (NYSE: MSFT) has performed well on a fundamental basis in recent quarters. It made the MSFT stock price bullish, but some recent corrections are seen while the trend is negative. However, the prediction is bullish&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p>Support: $318, and $292</p> 
<p>Resistance: $339, and $359</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

MSFT Stock Price: Bulls About to Break the Trend, Don’t Miss It

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