Technical analysis of Microsoft and Servicenow.Today, they showed the result
Microsoft Corp is a technology company. Develop, license and support various software products and services. Your business is divided into three parts: productivity and business processes, intelligent cloud and personal computing.
Today’s performance is as follows: Estimated loss per share of US$1.24 and revenue of US$32.14 billion.
Since 2014, the company has exceeded expectations in one quarter. Since then, only two quarters have failed to meet expectations.
The forecast for this quarter assumes an increase of 8.77% in earnings per share and 10.52% in revenue over the same period last year.
The market consensus estimates that the average target price is around $157.16 Mainly buying advice. Due to the cash flow discount, its intrinsic value is approximately $115, So at the current price, it will be overvalued by fundamentals.
However, this is a company that interests investors. It has been on an upward trend since April 2019 and is currently trading in a horizontal range between US$128.702 and US$142.38.
Daily closing above the resistance level will increase the possibility of a further rebound to the target of 152.94. The average support level for the 200-period is at 125.80.
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