Microsoft Corporation (NASDAQ:MSFT) has received accolades for its successful transition from desktop to cloud computing. As a result, MSFT stock has risen. However, many investors may be wondering if Microsoft stock is a good buy right now, following a recent pullback.
Azure infrastructure services, Office 365 productivity software, and Dynamics enterprise software are among the company’s current cloud products. LinkedIn, Skype, and GitHub are also owned by Microsoft.
In addition, Microsoft has recently promoted the Metaverse, which is an immersive, next-generation version of the internet. Currently, the company produces HoloLens, which is a mixed-reality headset for remote collaboration.
MSFT stock technical analysis
Source – TradingView
According to the technical analysis charts, Microsoft stock achieved a purchase mark of $305.94 on Oct. 18 out of a flat base. On November 22, the shares of Microsoft hit a new high of $349.67.
The Relative Strength Rating for Microsoft is 84 out of 99. RS Ratings of at least 80 are characteristic of the finest growth stocks. The Relative Strength rating compares a stock’s price performance over the last 52 weeks to that of all other stocks.
According to many analysts, MSFT has a Composite Rating of 84 out of 99. The Composite Rating combines five independent proprietary rankings into one easy-to-use statistic. A Composite Rating of 90 or higher distinguishes the finest growth stocks.
Is Microsoft stock a buy right now?
Right now, Microsoft stock is not a good investment. Before it can set a viable buy point, it needs to form a new foundation in the right market conditions. Also, MSFT stock is trading well below its 50-day moving average line, which is a negative sign.
Investors need to be patient with MSFT stock and also keep an eye on the stock market as a whole. And they should not try to fight the stock market’s general trend if it goes south.
La notizia Is Microsoft stock worth buying ahead of the software giant’s fourth-quarter report? era stato segnalata su Invezz.