Revisit the buy and-hold case for Morgan Stanley (NYSE:MS)

Morgan Stanley (NYSE:MS) fell by -1.20% in Thursday’s trading session from $49.18 to $48.59 and has now fallen 3 consecutive sessions. The stock price went upward in 6 of the last 10 days and has generated 0.91% during the last two weeks. Volume has increased in Thursday’s trading session by 1.64 million shares, but on a weak note. This is may be an early warning and the risk will be increased slightly for the next couple of days. In total, 6.70 M shares exchanged hands for about $325.68 million.

Inside MS’s Recent Trend

Morgan Stanley (MS) lies in the middle of a wide and weak rising trend in the short term and issued considerable signs about additional rally. Short-term traders are predicted to see a rally of 5.05% over the course of a quarter and, with 90% chance the price will be floating in the range of $47.18 and $52.61 in this timeframe.

Morgan Stanley Technical Signals

MS has witnessed its short term MA triggering a sell signal. Meanwhile, however, the long-term average has generated a buy signal. When the short-run moving average rises above its longer-term trend, a buy signal is created. This is because a short-run moving average that crosses its long-run moving average counterpart is seen as the initiation of an upward trend. On additional rally, the share price will meet short term resistance at around $49.29. On a drop, the stock is likely to find some support over the long run, which begins at $47.16. A buy signal will be generated if it crosses above the short term moving average. Meanwhile, however, a price crossing below the long term moving average will generate a sell signal.

Morgan Stanley (NYSE:MS) Support And Resistance Levels

Morgan Stanley (MS) recorded volume accumulation so there will probably be a surplus of buyers at $47.21. In case of gains, the next resistance from accumulated volume will not be far away from today’s level at $49.28, $49.38 and $49.63.

Accumulated volume is going to prevent the price from rising further at $49.28 and this action will lead the price to take a temporary pause or stay muted for a few days.

Morgan Stanley (MS) Risk Assessment

The number of shares changed hands in the stock is good, indicating the interest and low risk associated with it. In the most recent session, the stock price hovered around $1.04 (2.15%) between intraday high and intraday low. Each day in the past 1 week, the average volatility remained at 1.31%.

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