Microsoft stock sees four-day losing streak, erasing tariff-pause gains
Microsoft slides 6.7%, breaks key support
Microsoft (NASDAQ: MSFT) shares have wiped most of the entire rally that followed Trump’s 90-day tariff pause announcement, slipping 6.7% this week and signalling a significant shift in sentiment.
On Thursday, Microsoft stock dropped for the fourth consecutive session, opening at $373.7 and briefly touching an intraday high of $374.3 before sliding 1.97% to close at a six-day low of $367. This decline pushed the price well below the 20-day EMA at $380 and broke through the previously held support zone at $377, raising the probability of a broader correction.
MSFT price dynamics (Feb 2025 - April 2025). Source: TradingView
The stock’s fall this week has also reversed its month-to-date performance, flipping a modest gain into a loss of -2%. Today, April 18, price could retest the key $367 support level, which previously cushioned the stock’s descent. If this level gives way, sellers may target $360 next, followed by the low at $345 set last week.
Microsoft daily and 4-hour RSI stay bearish, suggest further bearish outlook
Technically, momentum indicators are tilting further toward bearishness. The daily and 4-hour RSI are both in bearish territory and still far from oversold conditions, indicating there is room for further downside before buyers might re-emerge. This suggests that the current downtrend could extend into the following week unless a clear bounce occurs.
From a price action standpoint, the inability to hold above $377 and the failure to stay near the 20-day EMA highlight the strength of this week’s sell-off. The bullish rally induced by Trump’s tariff pause has proven short-lived, raising questions over the sustainability of news-driven rallies without deeper structural support.
If bulls manage to defend the $367 level today, the first resistance stands at Thursday’s high of $374.3, followed by the breached $377 zone. But for now, momentum continues to lean in favour of sellers, and Microsoft stock appears locked in a broader bearish phase.
Microsoft stock bounced off the $384 support after slipping nearly 2% intraday. Resistance at the 50-day EMA blocked further gains, leading to a second straight daily loss.
