Microsoft stock forms bullish pin bar near 50-day MA, reinforcing short-term buying interest
Microsoft stock slipped late in the session, closing at $390.10
Microsoft Corp's (MSFT) stock price opened the new trading week on a soft note, falling 1.4% to an intraday low of $386.60 before staging a sharp recovery.
The pullback found strong support on the 50-day moving average, which acted as a short-term demand zone. From that key technical level, the stock rebounded by 1.6%, surging to a six-day high near $392.70.
Although Monday's intraday rally pushed the stock above last week’s peak, it wasn’t enough to seal a bullish close. Instead, Microsoft slipped late in the session, closing at $390.10, down 0.2% for the day. Despite the minor loss, the session ended with a bullish pin bar candlestick, a technical pattern often associated with short-term support and potential for further upside.
Microsoft price dynamics (Feb 2025 - April 2025). Source: TradingView
During pre-market hours on April 29, Microsoft stock is trading near $392.60, just 0.6% shy of the April peak and showing signs of strength ahead of the North American session. This upward bias is backed by rising volume on the lower timeframe-intraday chart, a sign that buyers are active at higher levels. In addition, both the daily and 4-hour RSI indicators are sitting in bullish territory, further validating the momentum.
Microsoft's bullish bias, tempered by slowing 4H volume and lack of fresh catalyst
Therefore, from a short-term perspective, bulls will likely target $394.70 as the next level of interest, aiming to print a new high for April. A break above that could shift attention to a high in March near $396.50.
However, on a broader timeframe, the 4-hour volume indicator has begun to taper off, suggesting that while the recent recovery has been strong, the underlying strength of the recent uptrend is losing momentum. This raises the possibility that any upside from current levels may not hold unless supported by a fresh catalyst or earnings driver.
Overall, Microsoft’s price action shows a market leaning bullish in the short term but growing technically cautious over the broader trend, as traders weigh near-term gains against a potential slowdown in upward momentum.
Microsoft steadies near $391 after an 8% weekly rally amid earnings report expectations. Microsoft rally lifts stock above 20-day and 50-day MA, eyes new monthly highs.
