In Wall Street Jenga, the game of high stakes, even giants such as Microsoft occasionally wiggle before they rise. While investors were studying the latest Federal Open Market Committee (FOMC) and revised the rate-cut expectations, Microsoft chose to do a bit of yoga, stretching to fresh highs, leveling off, and holding its breath technically just above key support. It’s the type of market stance that makes bulls and bears equally worried, and may just be the stage to the next chapter in Microsoft’s record-breaking show.

Microsoft remains in the spotlight as it embarks on the technical resistance and bullish momentum. Microsoft traded around $458.60 as of Friday, May 30, after a session of steep intraday swings on Thursday. While the rest of the market absorbed the latest Federal Open Market Committee (FOMC) meeting comments, Microsoft shares showed strength by holding onto a crucial support level, perhaps foreshadowing additional upside if sentiment continues to be positive through June.

Post-FOMC Enthusiasm Wears Off

Thursday’s session began on a pop as Microsoft gapped up to $461.60, driven by gentle suggestions in the Federal Open Market Committee (FOMC) statement. The Fed’s comments recognized ongoing inflation worries, suggesting an ongoing hold-off on interest rate reductions. For tech shares, and particularly for growth leaders such as Microsoft, this policy break has been perceived as a double-edged sword, which is an expression of confidence in economic vigor, yet a warning that monetary relaxation is not forthcoming.  

Despite the initial excitement, Microsoft gained debauchery as profit-taking and general market doubts took hold. The stock reversed intraday, losing 1.35% to reach a three-day low of $455.36, before rebounding to close just above $457. This drop, though disorienting at first glance, found firm support at $456.18, a level reinforced by several technical markers, such as the 50% Fibonacci retracement of the recent rally and the 50-period EMA on the 1-hour chart.

Microsoft Stock all Set for Growth

Technical indicators continue to be positive. The Relative Strength Index (RSI) on hourly and 4-hourly charts is still in the bullish range, which means the momentum has not yet turned around despite the down move on Thursday. This suggests that the pullback is perhaps more of a technical pause than a reversal in the trend.

Up 17.4% on a month-to-date basis, Microsoft is poised for its best monthly performance in more than five years. The rally has been fueled predominantly by strong quarter results and hopes surrounding Microsoft’s bets on AI, cloud, and enterprise solutions. The stock is 1.8% higher this week, supporting the view that the bulls are still in charge despite temporary setbacks.

If the $456.18 level continues to serve as a safe floor, traders will be watching $461.70, Thursday’s session high, as the initial immediate target on the upside. A move through that should test $462.50, the week’s intraday high and the latest monthly high.

Resistance is Brewing, but the Bulls Have Momentum

In the short term, Microsoft’s price movement is likely to fluctuate between the clearly defined support of $456.18 and resistance in the $461.70–$462.50 range. These are currently serving as a psychological pivot point area where short-term traders are exercising caution and judging risk versus reward. How the market reacts within this range will decide if Microsoft can maintain its momentum and start a new leg higher.

Contributing to the upbeat sentiment, Microsoft recently bounced off the 20 EMA on higher time frames, reflecting fresh buying interest at dynamic support. A positive tariff decision also fueled sentiment, providing a tailwind for a possible breakout.

Microsoft’s Rally May take a Pause, but It’s Not over Yet

Though Microsoft’s post-FOMC high-flying was checked by intraday selling, the stock’s strength in holding key support at $456.18 is bullish. With momentum still intact, fundamentals firm, and the larger market environment stabilizing, Microsoft looks poised to retest, and perhaps surpass, recent highs. The true test now is getting past resistance slightly below $463, a breakout above which could set the table for new all-time highs in early June. For investors, the situation here represents a typical consolidation pattern in an uptrend. Unless the macro conditions move significantly, the path of least resistance could stay high, although with some potholes along the way.

Microsoft’s capacity to maintain investor trust in the face of macroeconomic uncertainty attests to its long-term dominance, strategic flexibility, and increasing power in AI and cloud ecosystems. Today’s price action is not only a technical dance, rather it’s a reflection of Wall Street’s new perception of Microsoft, not only as a software giant, but as a consistent, innovation-driven growth machine with few peers. The tug-of-war between $456 support and $462 resistance in the market is more than numbers on a screen, it’s a referendum on Microsoft’s future in a post-AI-hype world. If consumers stand firm, and the fundamentals indicate that they may, we may be on the cusp of seeing Microsoft break through not merely technologically, but historically.