Microsoft Corp’s stock price (MSFT) rose in the intraday levels, with positive signals from the RSI after reaching overbought levels, while trying to recoup some recent losses, amid the dominance of the downward correctional trend in the short term, as the stock is hurt by piercing the upward short-term trend line previously, with negative pressure from the 50-day SMA.

Therefore we expect the stock to return lower, targeting the support of $384.30, provided it settles below the resistance of $413.00. 

Trend forecast: Likely Bearish