Microsoft is one of the most valuable companies in the world. According to a Forbes report, it was the third most valuable brand in the world in 2019. Forbes valued Microsoft at a value of $125.3 Billion. Since Bill Gates founded the company, Microsoft has grown to dominate the technology sector in the world. Moreover, the Windows operating software of Microsoft is the highest-selling computer operating software in the world.
In the stock market, people usually consider Microsoft to be a blue-chip stock. But due to the Covid-19 pandemic, people are not sure of where to invest right now. In terms of market volatility, people prefer to invest in blue-chip stocks. But right now, they are hesitant to even do this.
Microsoft Stock: Overview
As things stand, the stock Microsoft was last available for trading on Friday, 22 May 2020. The stock closed Friday at a price of 183.51 USD. The stock is available for trading on the NASDAQ stock exchange. It will next be available for trading on Tuesday, 26 May 2020. The volume of Microsoft stock as of Friday was 20,826,898.
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Microsoft Stock: Buy/Sell?
There are two common approaches to trading in the stock market. People can either conduct day-trading and invest in the short run. Otherwise, people can invest their money into the stocks for the long run. With respect to the short run, most technical indicators signal a buy recommendation for Microsoft.
The Simple Moving Average (10, 20, 30, 50, 100, 200), the Exponential Moving Average (10, 20, 30, 50, 100, 200), the Volume Weighted Moving average (20), and the momentum oscillator indicators also recommend buy. Most oscillator indicators are neutral on the stock while only the MACD level (12, 26) and Hull Moving average recommend selling. However, most indicators recommend a buy signal, making Microsoft a good buy for the short run.
For the long run, Microsoft will continue to remain a solid bet. The company has great fundamentals and presents a solid financial report. The company’s value has only been increasing in the past few years. Despite the current situation, most expect the company to come out strong from this time. People should look to invest in Microsoft if they want to trade in the long run.
Microsoft Stock: Covid-19 Impact
The stock hit its high this year on 10 February 2020 at a price of 188.70 USD. But then the pandemic started spreading and the stock fell with the rest of the market. The stock hit its low this year at a price of 135.42 USD on 16 March 2020. Even Microsoft has seen its sales fall during this time, as people switch to spending on essentials. But the stock is recovering since 16 March and now stands at 183.51 USD. Most expect the stock to either rise from or stabilize around this price point.
