MSCI rallied on strong earnings last month, and some investors may look for the gains to continue.
The first pattern on today’s chart is the bullish price gap on January 30 after profit and revenue beat estimates. The move established prices above the December 29 peak, which was the stock’s highest level since early 2022.
Second, the index provider has held the breakout by remaining above its January 30 low. That may reflect a paucity of sellers.
Third, notice how faster simple moving averages (SMAs) have lined up above the slower SMAs. The teal 20-day SMA is above the red 50-day SMA. Both are above the gray 100-day SMA, which is also above the green 200-day SMA. That may reflect bullish trends.
Finally, MACD is rising.
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