MicroStrategy Stock Price Faces New Risk as Institutional Investors Pull Back
MicroStrategy's recent stock rebound faces risks from institutional investor exits, bearish technical divergence, and weak volume.Summary
The MicroStrategy (MSTR) stock price, despite a recent 30% rebound from February lows, faces significant new risks as institutional investors show declining confidence. Recent 13F filings reveal that several mid-sized institutional investors, including Angeles Wealth Management and Wealth Watch Advisors, completely exited their positions, while others significantly reduced their stakes. Technically, the stock exhibits a hidden bearish divergence between price (lower high) and the Relative Strength Index (RSI) (higher high) over the past few months, suggesting the recovery momentum is fading, especially if it fails to break resistance near $135.
Further weakening conviction is suggested by On-Balance Volume (OBV) declining faster than price, indicating selling pressure outweighs buying during the sideways movement. Although the Money Flow Index (MFI) shows some dip-buying activity is occurring, this alone may not sustain a rally without broader institutional support. Key price levels will determine the next move: breaking above $139 (the 20-day EMA) could target $163, but a drop below $119 risks a significant decline toward $86, exacerbated by MSTR's close correlation with Bitcoin's valuation.
(Source：BeInCrypto)