Microsoft to launch AI tools: MSFT stock trading idea 12/04/24
Microsoft is poised to enhance its artificial intelligence capabilities with new features that are scheduled for introduction at the upcoming annual Build conference. In January, CEO Satya Nadella emphasised that 2024 would mark a pivotal year for AI integration across every PC. The agenda for the May conference aligns with this vision, showcasing Microsoft's commitment to expanding AI tools for both personal computers and its Azure cloud service. This strategic focus is driven by the substantial revenue growth witnessed from customers utilising AI models in Azure, prompting Microsoft to develop new AI functionalities specifically for developers.
Now, let's transition to the technical analysis of Microsoft Corporation (NASDAQ: MSFT) to identify potential trading opportunities.
On the Daily (D1) timeframe, the stock has established a support level at 412.80 USD, with resistance noted at 430.80 USD. Microsoft's stock is currently trending strongly upwards, indicating the possibility for further increases if it surpasses the resistance level. Conversely, a break below the support level could lead the stock to retreat to 397.50 USD.
For traders, initiating purchases with a short-term target of 448.00 USD appears promising. For those considering a medium-term investment strategy, holding a long position to reach 470.00 USD could prove beneficial.
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Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66.02% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Now, let's transition to the technical analysis of Microsoft Corporation (NASDAQ: MSFT) to identify potential trading opportunities.
On the Daily (D1) timeframe, the stock has established a support level at 412.80 USD, with resistance noted at 430.80 USD. Microsoft's stock is currently trending strongly upwards, indicating the possibility for further increases if it surpasses the resistance level. Conversely, a break below the support level could lead the stock to retreat to 397.50 USD.
For traders, initiating purchases with a short-term target of 448.00 USD appears promising. For those considering a medium-term investment strategy, holding a long position to reach 470.00 USD could prove beneficial.
—
Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66.02% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
