MicroStrategy (MSTR) stock price remained lower with weak and volatile trading in its latest intraday movement, as the stock attempts to gain positive momentum that could help it recover and rise again, especially as the Stochastic indicators reached deeply oversold levels in an exaggerated manner compared to the stocks movement, suggesting the beginning of a positive divergence that could attract renewed buying pressure, amid the dominance of a short-term corrective upward trend, alongside continued dynamic positive support from trading above its 50-day SMA.

Therefore we expect the stock price to rise in its upcoming trading, provided that the $156.00 support level remains intact, targeting the key resistance level at $197.00 in preparation for attacking it.

Todays price forecast: Bullish