Verified Investing on $MSFT (Nov 4, 2026)
MSFT is bullish: up over 6% and above its July 28, 2025 high in an ascending channel, it is knocking on the door to $600. Near-term resistance sits at $572.42 if it rises within two days, or $601 if slower; despite no confirmed breakout, the speaker sees high probability of reaching $600 in the near to medium term.
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Next, we have Microsoft, which is having a great day today with a rise of over 6%. Let's take a look at this in a weekly timeframe. Microsoft has remained essentially confined within a parallel ascending channel on the chart, and today we are competing with all- time highs, as you can see here in the week of July 28, 2025, where the price is now above this level.
So, we'll move to the daily timeframe to show you where I see resistance in the near term. That resistance will come at this upward trend line from one pivot point to the next, and if we continue to rise in the next two days, the $572.42 level is where we will encounter resistance.
If it takes a little longer to get there , you can see how this upward trend line points towards the top of this parallel channel at $601. So, it seems that Microsoft, even with this impending breach.
We did not record a daily close above this horizontal trend line, nor did we see a breakout from it, but it seems that the stock is knocking on the door and trying to open it to give itself the opportunity to reach the $600 level, which is the top of this parallel channel.
The way it's trading today tells me that the probability of Microsoft reaching the $600 level in the near to medium term is high.
What this channel has said about $MSFT
Verified Investing has 7 calls on this stock; only the adjacent ones are shown.