Skip to Main Content.
Site navigation
Fidelity.com Home
  • Customer Service
  • Profile
  • Open an Account
  • Virtual Assistant
  • Log In
  • Customer Service
  • Profile
  • Open an Account
  • Virtual Assistant
  • Log Out
  • Accounts & Trade
    • Portfolio Log In Required
    • Portfolio
    • AccountPositions Log In Required
    • AccountPositions
    • Trade Log In Required
    • Trade
    • Trading Dashboard Log In Required
    • Trading Dashboard Log In Required
    • Active Trader Pro
    • Transfers
    • Cash Management Log In Required
    • Cash Management
    • Bill Pay Log In Required
    • Bill Pay
    • Full View Log In Required
    • Full View
    • Security Settings Log In Required
    • Security Settings
    • Account Features Log In Required
    • Account Features
    • Statements Log In Required
    • Statements
    • Fidelity Alternative Investments Program Log In Required
    • Tax Forms & Information
    • Retirement Distributions Log In Required
    • Fidelity Rewards+registered trademark Log In Required
    • Fidelity Rewards+registered trademark Log In Required
    • New Account Checklist Log In Required
    • Lending Solutions-Line of Credit Log In Required
    • Refer a Friend
  • Planning & Advice
    • What We Offer
    • Build Your Plan
    • My Goals
    • Financial Basics
    • Building Savings
    • Robo Investing Plus Financial Advice
    • Wealth Management
    • Find an advisor
    • Retirement
    • Life Events
    • Saving & Investing for a Child
    • Charitable Giving
  • News & Research
    • News
    • Wealth Management Insights
    • Watch List Log In Required
    • Quotes
    • Quotes
    • Alerts Log In Required
    • Mutual Funds
    • Stocks
    • Fixed Income, Bonds & CDs
    • ETFs
    • Options
    • Markets & Sectors
    • IPOs
    • Annuities
    • Learning Center
    • Notebook
    • Notebook
  • Investment Products
    • Mutual Funds
    • Retirement & IRAs
    • Stocks and Trading
    • Crypto
    • Direct Indexing
    • Fixed Income, Bonds & CDs
    • ETFs
    • Options
    • Sustainable Investing
    • Cash Management & Credit Cards
    • Managed Accounts
    • 529 College Savings
    • Health Savings Accounts
    • Annuities
    • Life Insurance & Long Term Care
  • Why Fidelity
    • The Fidelity Advantage
    • Planning & Advice
    • Trading
    • Straightforward Pricing
    • Insights & Tools
    • Security & Protection
    • Marketplace Solutions
    • About Fidelity
    • Careers
  • Customer Service
  • Profile
  • Open an Account
  • Virtual Assistant
  • Log In
  • Customer Service
  • Profile
  • Open an Account
  • Virtual Assistant
  • Log Out
Content and data provided by various third parties and Fidelity − Terms of Use
  • Research >
  • Stocks >
  • News & Events >

Stock Details


  • Snapshot
  • Detailed Quote
  • Advanced Chart &
    Technical Analysis Opens in New Window
  • News & Events
  • Compare
  • Analyst Opinions
  • Research Reports
  • Key Statistics
  • Earnings
  • Dividends
  • Ownership & Insiders
  • Financial Statements
  • SEC Filings

RELATED RESOURCES

  • Stock Research Overview
  • Stock Screeners
  • Markets & Sectors
  • Fidelity Learning Center Opens in New Window
Print Format
Change Text Size:
  • Default text sizeA
  • Larger text sizeA
  • Largest text sizeA

What To Watch For In Microsoft Stock As Fed's Monetary Policy Spooks Investors

BY Benzinga
— 11:11 AM ET 05/19/2022

Microsoft Corporation NASDAQ:MSFT spiked up about 1% higher on Thursday morning after a bearish day on Wednesday saw the tech giant slide almost 5%.

Stocks in the broader technology sector have been hammered over recent weeks, leading the S&P 500 down over 15% since March 29.

The Federal Reserve's decision to hike interest rates combined with its plan to begin quantitative tightening on June 1 has pressured the markets lower and caused institutional investors to take a step back until the dust settles and the effects of the central bank's monetary policy become clearer.

Stocks, and the market in general, never head straight south, and bounces to the upside are part of every bear cycle. On Thursday, the bulls and the bears were battling for control of Microsoft's stock, and the outcome will provide clues as to whether the downtrend is set to continue or if the stock is about to reverse course.

Want direct analysis? Find me in the BZ Pro lounge! Click here for a free trial.

The Microsoft Chart: Microsoft has been trading in a steep downtrend since March 29, plummeting almost 20% since that date. The stock's most recent lower high was printed on May 17 at $268.33 and the most recent confirmed lower low was formed at the $250.02 mark on May 12.

  • On Thursday, the battle between the bulls and the bears had Microsoft working to print a doji candlestick on the daily chart. If the stock closes flat, creating a doji, it could signal a reversal to the upside is on the way. If the bulls win and Microsoft closes the trading session near its high-of-day, the stock will print a hammer candlestick, which could also signal more upside.
  • If Microsoft closes the session near its low-of-day price, the bears will remain in control and the stock is likely to fall lower on Friday and continue in its downtrend. If the stock trades higher on Friday, Microsoft will have formed a higher low, which would be the first indication the downtrend is at least temporarily over.
  • Microsoft has resistance above at $256.84 and $263.19 and support below at $249 and $243.

msft_may_19.pngSee Also: How You Can Score A Free 3-Month Xbox PC Game Pass

More MSFT News

  • US STOCKS-S&P 500, Dow slip as Cisco drags, Nasdaq steady after selloff
    Reuters - 10:43 AM ET 05/19/2022
  • US STOCKS-Wall St set to extend selloff as growth fears mount
    Reuters - 9:13 AM ET 05/19/2022
  • Tesla Bull Cathie Wood Scoops Up $11.5M In Bill Gates-Backed Biotech's Stock
    Benzinga - 7:12 AM ET 05/19/2022
Fidelity Investments. Copyright 1998–2022 FMR LLC. 
All rights reserved. 

  • Terms of Use|
  • Privacy|
  • Security|
  • Site Map 
Close