By Christopher Romano
Publication Date: 2026-10-08 10:06:00
Oct 8 (Reuters) – Microsoft shares have been climbing fast since the software giant released upbeat forecasts in July and the rally may have further to run, technical analysis suggests.
Click here for a detailed technical analysis chart.
Technical analysis uses past price moves on charts to help predict where a market might go next. Microsoft’s weekly charts show the stock moving back toward the record high it set in 2025. That peak is now less than 5% above current prices, and breaking through it could set off a powerful rally.
When a stock rises as quickly as Microsoft has, up more than 50% from its June lows, it often stops for a breather. Early buyers sell to lock in profits, and newcomers position for the next move higher. Microsoft did exactly this from early August until late September, when its price moved sideways within a fairly narrow range. Chart watchers call this kind of pause consolidation. They see it as a healthy sign, like a runner catching their breath before the…