Microsoft stock rally breaks key moving averages trimming YTD loss to -8.9%
Microsoft Corp's (MSFT) stock price has shown significant bullish momentum, marking a notable 6.7% increase this week. The stock surged yesterday, breaking decisively above key technical levels. On April 24, Microsoft stock broke above both its 20-day moving average at $377 and above another resistance at $384. This price action pushed the stock up 3%, reaching a six-day high of $388. However, the rally was capped by the 50-day moving average, which limited further gains for the time being.
Microsoft price dynamics (Feb 2025 - April 2025). Source: TradingView
The surge yesterday has extended the stock's monthly gain to 3.4%, reducing its year-to-date (YTD) loss to -8.9%. This recovery is noteworthy, particularly considering Microsoft’s performance earlier in the year. The RSI on the daily chart has shifted from bearish to bullish territory, now standing at 54, indicating that momentum has started to build up.
Microsoft stock 50-day MA halts rally but RSI suggest more upside
Technically, the combination of the 4-hour and daily RSI both being in bullish territory suggests that Microsoft could see further upside. A key resistance level lies at $394.7, which represents the high for the current month of April. A breakthrough above this level would set the stage for even further gains, potentially extending past the last week’s high if positive sentiment persists.
The broader market sentiment, driven by easing U.S.-China trade tensions, is likely contributing to the rally in tech stocks, including Microsoft. As the U.S. dollar benefits from this improvement in relations, dollar assets, particularly tech stocks, are likely to continue performing well. Microsoft’s strong price action this week is a reflection of supportive macroeconomic factors. If the positive momentum continues, a breakout above $394.7 could drive the stock towards higher targets in the long term.
Microsoft stock flips early weekly loss into 1.1% gain amid U.S.-China trade optimism. Microsoft’s premarket level on Wednesday jumped to $376, a breakout move above the hourly moving averages.
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