Mixed technical signals keep Strategy stock under $135 after sharp intraday drop

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Strategy slides 3.12% to $134.79 today

Highlights

Strategy raised over $22.44 billion through fixed-income preferred stock offerings and plans to exceed $42.00 billion for additional Bitcoin purchases.
The firm acquired 22,337 Bitcoin, funded mainly by $1.2 billion in perpetual preferred shares and $400 million in stock sales, while recent insider selling and weak at-the-market execution indicate capital market challenges.
Shares remain under persistent selling pressure and trade below key technical levels, with a high probability of further downside or consolidation within a $132.00–$139.50 range over the next week.

Ongoing stock offerings and bitcoin buys pressure share price

On March 24, 2026, Strategy's EVP & CFO Andrew Kang sold 3,373 shares of Class A Common Stock, totaling approximately $328,265. The company recently completed over $22.44 billion in fixed-income preferred stock offerings, including 8.00% perpetual and callable preferred shares, and has outlined capital-raising plans exceeding $42.00 billion in at-the-market equity and preferred stock programs to fund additional Bitcoin purchases. Strategy acquired 22,337 Bitcoin valued at nearly $1.6 billion, primarily through $1.2 billion in perpetual preferred share sales and $400 million from common stock sales. The company also reduced its STRK at-the-market offering after selling just 5% of its 269.8 million share goal and expanded authorization for STRC preferred shares and MSTR common stock ATM programs, though price action has remained under broader selling pressure.

Divergent momentum and volatility reinforce intraday downside bias

Momentum signals are largely neutral or point to waning strength, with MACD and ADX on D1 both neutral. RSI at 50.08 and Stoch RSI registering "Strong Buy" with a low value suggest easing short-term oversold conditions, but CCI remains neutral. BBP on D1 is flagged "Overbought" with a positive value, highlighting intraday buyer dominance, although intraday ranges show the price steadily moving lower. The session opened slightly below the previous close (gap down) at $136.47 versus $139.13, with price now near the low of today’s $134.92 – $139.01 range, indicating high intraday volatility and sustained pressure after the open. The daily decline of $4.35, or 3.12%, reflects strong downside tone; momentum and oscillators diverge, with intraday weakness persisting despite a few oversold signals.

Bearish outlook prevails as technical signals and risk skew lower

For the next five trading days, the expected range is adjusted to $132.00 – $139.50 to reflect both the weekly band and recent volatility. There is a very low probability (less than 20%) of a price increase, while further decline remains more likely given that all W1 signals (MA-50, RSI, ADX, MACD) are negative. The baseline scenario is continued sideways movement within $132.00 – $139.50 amid consolidation. A bullish scenario would require a break above the Kijun resistance and $139.50, confirmed by improved momentum, while a bearish scenario unfolds if the price falls below $132.00, opening room for deeper declines.

Anton Kharitonov, expert at Traders Union, sees persistent downside and consolidation risks in Strategy Incorporated as technical and fundamental signals both point to ongoing pressure. He notes that despite large-scale capital raising and aggressive Bitcoin accumulation, price remains trapped below key moving averages and the Kijun resistance, with momentum indicators mixed and sellers in control. The base case is for continued sideways movement between $132.00 and $139.50, with limited upside probability and a bias toward further declines if support gives way. "Until the price reclaims $139.50 and shows clear momentum improvement, I remain defensive and do not trust any upside attempts," he states.

Earlier, analysts noted that Strategy’s aggressive capital-raising efforts to fund Bitcoin accumulation were accompanied by persistent technical weakness and seller dominance. The latest developments reinforce this trend, as continued capital deployment and insider selling align with sustained downside pressure, making a break below $132.00 the key risk to monitor for further declines.

Source of Data: MSTR Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.