Microsoft (MSFT) is set to report earnings of $2.3 on revenue of $52.12bn after the market closes today. The current sentiment is bullish.

Technicals

From a technical overview, Microsoft’s stock seems to be forming an ascending triangle pattern with a key level of resistance sitting above at $245.74 (corresponds with the horizontal trendline). There are resistance levels prior to this one at $243.30 then at $243.99, but a break above the trendline could really create the momentum for the price to hike higher. Aiming for $250-$252 a share. However, the tech giant is expected to report its quarterly earnings today after the market closes. Microsoft (MSFT) is set to report earnings of $2.3 on revenue of $52.12bn. A negative could lead to a sharp decline, hence, support levels currently sit at $241.52 then at $239.37 then at $236.67. A break below these support levels may lead to a reversal trend and see the stock shred its recent gains. Looking at the technical indicators, as it stands, MACD is positive and so is RSI as it reads 63. The bias from the indicators is bullish, but the release of the report has a major influence and can flip the sentiment.