Resistance

Swing

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>MS stock price fell 6.78% in a single day after earnings.</a> </li> 
 <li> <span>2</span> <a>Morgan Stanley stock price is in a downtrend and hit a 52-week low at $73.40.</a> </li> 
 <li> <span>3</span> <a>Morgan Stanley beats the EPS as well as revenue estimates.</a> </li> 
</ul> 
<p>Morgan Stanley, MS stock price faced rejection from $80.00 and broke down its crucial support of $76. The stock price fell after the release of quarterly earnings indicating investors are a little disappointed in results.&nbsp;</p> 
<p>MS stock price turned bearish and entered a downtrend. It trading below the downward-sloping 50-day and 200-day EMA confirming the short-term and positional trend is down.&nbsp;</p> 
<p>In the last 6 months, Morgan Stanley stock price consolidated in the wide range between $80.00 to $95.00. In the previous quarter’s earnings, buyers tried to break the higher range hurdle. But the attempt failed and the price reverted down.&nbsp;</p> 
<p>Gradually, the price declined, and retested the lower range support. After consolidating for some time, the sellers took over the control and succeeded in pulling the price below $80.00. It hurt the sentiment of the investors and invited further decline.&nbsp;</p> 
<p>At present, the stock price is near its YTD low, and the $72.00 level might act as immediate support.&nbsp;Morgan Stanley <a href="https://www.thecoinrepublic.com/2023/10/10/morgan-stanley-stock-slumped-12-is-ms-stock-price-discounted/" target="_blank" rel="noreferrer noopener">stock price</a> closed the previous session at $74.88 with an intraday decline of 6.78%. The market capitalization stands at $124.07 Billion.</p> 
<h2 class="wp-block-heading" id="strong-will-ms-stock-price-hold-72-swing-low-support-strong"><strong>Will MS Stock Price Hold $72 Swing Low Support?</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" loading="lazy" width="1600" height="678" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-572.png" alt="MS Stock Price Hits 52-Week Low After Earnings; What Next?" class="wp-image-176871" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-572.png 1600w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-572-300x127.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-572-1024x434.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-572-768x325.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-572-1536x651.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-572-750x318.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-572-1140x483.png 1140w" sizes="(max-width: 1600px) 100vw, 1600px">
  <figcaption class="wp-element-caption">
   NYSE: MS daily chart by<a href="https://www.tradingview.com/x/IXox84Ya/"> Tradingview</a>
  </figcaption>
 </figure>
</div> 
<p>MS stock price is in a correction phase and quarterly earnings fueled the downfall. The price pattern of the stock favors the bears and suggests short-term bounce might face resistance at $80.00.&nbsp;</p> 
<p><a href="https://www.thecoinrepublic.com/2023/10/10/morgan-stanley-stock-slumped-12-is-ms-stock-price-discounted/" target="_blank" rel="noreferrer noopener">Morgan Stanley </a>reported an EPS of $1.38 and revenue of $13.273 Billion. The company beats the EPS estimate by 5.44% and the revenue estimate by 0.37%.&nbsp;</p> 
<p>Despite that, the stock price reacted negatively and continued the downward momentum. However, the stock is near its long-term support, so the downfall might take a halt and a short-term bounce is possible.</p> 
<h3 class="wp-block-heading" id="strong-morgan-stanley-stock-price-inside-bears-grip-strong"><strong>Morgan Stanley Stock Price Inside Bears’ Grip</strong></h3>  
<div class="tradingview-widget-container"> 
 <div id="tradingview_de8c6"></div> 
 <div class="tradingview-widget-copyright">
  <a href="https://www.tradingview.com/" rel="noopener nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a>
 </div> 
 <script type="text/javascript" src="https://s3.tradingview.com/tv.js"></script> 
 <script type="text/javascript">
  new TradingView.widget(
  {
  "width": 950,
  "height": 500,
  "symbol": "NYSE:MS",
  "interval": "D",
  "timezone": "Etc/UTC",
  "theme": "light",
  "style": "1",
  "locale": "en",
  "enable_publishing": true,
  "allow_symbol_change": true,
  "studies": [
    "STD;RSI",
    "STD;Supertrend"
  ],
  "container_id": "tradingview_de8c6"
}
  );
  </script> 
</div>  
<p>Morgan Stanley stock price has fallen for five consecutive weeks. It indicates that sellers look more aggressive as compared to buyers. So, investors must be careful and wait for confirmation of upside reversal before investing their money.&nbsp;</p> 
<p>The MCAD curve faces hurdles at the zero line and reversing down indicates bearish momentum might continue in coming weeks.&nbsp;</p> 
<p>The RSI at 30 denotes weakness and lack of confidence. However, if the stock price declines further, then RSI may enter oversold territory due to which a relief rally may be triggered.</p> 
<h4 class="wp-block-heading"><strong>Conclusion&nbsp;</strong></h4> 
<p>Morgan Stanley, MS stock price is in a correction phase and bears’ dominance is visible on higher levels. The quarterly earnings fueled the downside momentum and hit a yearly low.&nbsp;</p> 
<p>The analysis suggests that Morgan Stanley stock price had corrected a lot so the downfall may take a halt near $72 and enter consolidation.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li>Resistance levels: $89.50 and $95.83</li> 
 <li>Support levels: $72.06 and $67.00</li> 
</ul> 
<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>

MS Stock Price Hits 52-Week Low After Earnings; What Next?

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Thecoinrepublic.com

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