Microsoft ( MSFT) was reviewed on Sept. 1, and we continued our bearish outlook for the shares. Prices have made a new 52-week low, even though the company raised its dividend by 10%. Let's check out the charts and indicators. 
In this daily bar chart of MSFT, below, we can see that prices turned lower back in November and did not make a low until June. The June low is being broken and the downward trend is refreshed. MSFT is trading below the declining 50-day moving average line and below the bearish 200-day line. The On-Balance-Volume (OBV) line has been weak since February and has just made a new low for the move down. The trend-following Moving Average Convergence Divergence (MACD) oscillator is bearish.
In this weekly Japanese candlestick chart of MSFT, below, we see a weakening picture. Prices are in a longer-term downtrend and prices trade below the declining 40-week moving average line. There is no bottom reversal pattern playing out on the chart. The weekly OBV line is bearish and the MACD oscillator too.
In this daily Point and Figure chart of MSFT, below, we can see a downside price target in the $213 area.
In this weekly Point and Figure chart of MSFT, below, we can see a price target in the $185 area.
Bottom line strategy: The charts and indicators of MSFT are bearish, so traders should continue to avoid the long side of MSFT. A better buying opportunity could be seen in the months ahead.
