Microsoft is due to report earnings tomorrow (25th) of $2.24 on revenue of $51.12bn. Its share price currently floating around $284.89 a share.

Taking a look at Microsoft as the big earnings week is finally upon us. Its share price is floating around $284.89 a share, with support below sitting at $283.07 then at $282.07 then a key level at $281.24 (bottom trendline of the channel). A break and close below the key support level could see the price fall lower towards $276-$278. On the other hand, as the price remains within the channel drawn on the chart, a move higher would face resistance at $285.17 then at $286.50 then at $287.01. A rise above $287.01 may see further upside towards $289-$290. Looking at the technical indicators, MACD is slightly negative and so is RSI as it reads 44. However, the stock seems like it may have found some support earlier today, and even though the indicators are currently negative, RSI is edging closer towards a neutral stance and MACD seems like it’s trying to stabilise.

Note: Microsoft is due to report earnings tomorrow (25^th) of $2.24 on revenue of $51.12bn (after US market hours). Investors should remember that a negative report is likely to see a drop in price, whereas a positive report should see a hike upwards. Although, this is based on basic market theory only and not guaranteed.