Microsoft's RSI reached 72.75, which means the stock is severely overbought and may soon experience a pullback.
Microsoft (MSFT) stock reached a new all-time high at the closing price. However, there may be some volatility in the short term. $Microsoft (MSFT.US)$
At first glance, Microsoft's stock price seems unstoppable - it rose 1.1% to $360.53 on November 7th, marking a new all-time high, surpassing the previous high of $359.49 set on July 18th. In addition, Microsoft has been rising for eight consecutive trading days, making it the longest consecutive gain streak since January 28th, 2021.
Thanks to the boost from its Azure cloud business, Microsoft's revenue and sales performance has been excellent, and the stock price rose 3.1% on the trading day following the release of its third-quarter report.
In addition, microsoft's stock price rise is not only driven by revenue, but has surpassed its peers since the downturn in technology stocks in August and September - starting at the end of September, the stock has risen by 15%, exceeding amazon (AMZN) (up 12%), Meta (META) (up 6.5%), nvidia (NVDA), and apple (AAPL) (up 6%), Alphabet (GOOGL) (up 0.3%), as well as tesla (TSLA) (down 13%). $Amazon (AMZN.US)$ $Meta Platforms (META.US)$ $NVIDIA (NVDA.US)$ $Apple (AAPL.US)$ $Alphabet-A (GOOGL.US)$ $Tesla (TSLA.US)$
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