Current trend

Shares of Microsoft Corp., a giant in the development and sale of operating systems and software for computers, are moving in a correction trend at 442.0.

Amid a large number of negative reviews on the network, management has decided to postpone the mandatory implementation of the artificial intelligence (AI) Recall function, which tracks web browsing in voice chats and saves them to the user’s device. This function will be available only for a limited test build of the Windows version (WIP) but for PC Copilot users it will not be included in the next update to collect more ratings of the service, which affects the client’s privacy.

At the recent Worldwide Developers Conference 2024 (WWDC), the corporation announced plans to invest up to 7.16B dollars over the next 10 years in the development of new data centers in the Aragon region of Spain, which has recently become a major cloud computing hub in the EU.

The financial report for the second quarter is due on July 23: according to forecasts, revenue will be 64.35B dollars, higher than last year’s figure of 56.2B dollars, and earnings per share (EPS) – 2.93 dollars compared to 2.69 dollars previously.

Support and resistance

On the daily chart, the trading instrument updates annual highs, holding in an ascending channel with dynamic boundaries of 465.00–410.00

Technical indicators are ready to strengthen the buy signal: the EMA oscillation range of the Alligator indicator is directed upward, and the AO histogram forms ascending bars.

Resistance levels: 445.50, 465.00.

Support levels: 436.40, 417.20.

Trading tips

Long positions may be opened after the price rises and consolidates above 445.50, with the target at 465.00. Stop loss — 440.00. Implementation period: 7 days or more.

Short positions may be opened after the price falls and consolidates below 436.40, with the target at 417.20. Stop loss — 442.00.