Microsoft shares rise 0.43 % after $545.80 chart test

Microsoft shares closed at $543.45, up 0.43%, after a 5-hour chart reached $545.80 on Oct. 13, according to an Investing Australia technical-analysis article.

For Microsoft, the chart move left the stock less than 1% below the $551.15 record high cited by Investing Australia, with nearby support marked at $529.97.

The article said Microsoft remained above major trend indicators, including the 20-period simple moving average at $529.97 and the 50-period simple moving average at $513.25. A simple moving average is the average price over a set number of periods, used by traders to reduce short-term noise.

Investing Australia also listed a SuperTrend level at $526.80, another trend-following indicator used by chart traders to identify possible support or resistance. The article said the shares were above the Ichimoku cloud, a charting framework that maps trend direction and potential support zones.

The caution in the article came from a bearish pin bar near the record area. A pin bar is a candlestick pattern with a long wick that technical traders read as a possible rejection of a price level; it is not, by itself, evidence of a coming decline.

Momentum readings were mixed. The relative strength index was 68, near the 70 threshold often described as overbought, while the moving average convergence divergence reading stayed positive at 9.24 versus 7.99. The article said the MACD histogram was shrinking, which it interpreted as slower upward momentum.

The closest downside band in the article was $530.00 to $526.74. If that area fails, Investing Australia listed $513.25 and $487.25 as further levels to monitor. On the upside, it named $551.15, $568.53 and $590.64.

The article called the $530-$550 range a “no-trade” chop zone and said traders should “wait for conviction moves above or below.” That makes the item a technical setup rather than a fundamental reassessment of Microsoft’s earnings, cloud demand, artificial-intelligence spending or valuation.

The trading table in the article laid out separate bullish and bearish scenarios, with illustrative entries, stops, targets and risk-reward ranges. Those scenarios were presented as chart-based action points, not as company guidance or a bank research recommendation.

After hours, Microsoft was quoted at $543.00, down 0.08%, according to the Investing page data. The article gave no company comment, earnings date, analyst rating change or fundamental catalyst tied to the chart levels.

Source: technical-analysis article, Investing Australia, Oct. 13.