Let's check out the charts and indicators of this company helmed by billionaire Michael Saylor.
In the daily bar chart of MSTR, below, we can see that the shares have swiftly declined from an early November high. The stock sank to a late-January low and bounced for two months to a late March high.
The current weakness has been brutal to longs and wiped out gains even faster. MSTR is trading below the declining 50-day moving average line and below the bearish 200-day line.
Trading volume has increased on this decline and that tends to confirm the weakness. The On-Balance-Volume (OBV) line has been weak since August and has been weak even when MSTR rallied. The Moving Average Convergence Divergence (MACD) oscillator is bearish.