Morgan Stanley: price above SMA, buying opportunity above 25.82

Morgan Stanley short term view leaves assume an intraday price movements between support and resistance levels. Buying opportunity above 25.82.

Morgan Stanley close slightly lower. Yesterday trading session ends at 25.73 (-0.12%). Technical overview is neutral. The short term view leaves assume a price movements between support and resistance levels. Many leading oscillators confirm neutral trend, no bullish or bearish signals are triggered. Momentum is slightly positive.
MORGAN STANLEY buying opportunity

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Simple Moving Average (SMA)
The price is above the 14 days moving average (SMA value is 24.94). The short term view is therefore bullish, however for today trading session we can’t exclude retracements towards the most significant support levels.
Volumes
Daily chart shows volume is higher than the previous day. This could be a sign of a significant move to come.


Support and Resistance levels
7, 15 and 30 trading days Performance. Support, Resistance and Pivot Point levels. Last updated closing price: 18/04/2016.

Performance: 7 trading days= +8.34% – 15 trading days= +3.83% – 30 trading days= -1.38%

Resistance levels: R1= 26.11 – R2= 26.49 – R3= 27.16
Pivot Point: 25.82
Support levels: S1= 25.44 – S2= 25.15 – S3= 24.48


Buying opportunity above 25.82, targets minor resistance at 26.15 and perhaps as far as strong resistance at 26.37, where sellers could regain control. Above that level it could trigger an acceleration to the upside with the next target at 26.96.

Selling opportunity below 25.63, targets minor support at 25.30 and perhaps as far as strong support at 25.08, where buyers could get back into the market. Below that level we could expect a bearish downward movement with the next target at 24.50.