MSTR Stock Price Outlook as STRC Dividend Vote Drives Volumes Ahead of Q1 Earnings

Strategy (NASDAQ: MSTR) is dumping just before its Q1 2026 results come out on May 6. This is happening when those holding STRC shares have an opportunity to vote whether they want their dividends every month or twice a month. On top of this, STRC volumes increased again, and this means that another Bitcoin (BTC) buy by Strategy could be around the corner. With this going on, what is the outlook for MSTR stock price, and where is it headed?

STRC Volumes Spike Amid Dividend Amendment Vote

The executive chairman of Strategy, Michael Saylor, has come up with a dividend proposal for STRC holders. He says they can now vote on whether they can continue getting their dividends once every month or they can change that to semi-monthly.

Strategy says that this proposal is good because, as a holder, one can reinvest more, and there could also be some stability with the price. And if it passes, it will be rolled out before this quarter ends.

This news appears to have revived interest in STRC. On NASDAQ, one can see that there was a rise in these volumes. The highlight is that before yesterday, there was persistent selling for two consecutive days. But on April 28, this changed, with positive volumes being seen.

STRC posting green volume bars is good for the MSTR stock price. This is because it means another buy is around the corner after the recent BTC purchase of $255 million. From what has happened with MSTR price before, Bitcoin is its main selling point, and this means another buy will look good for the shares.

But there is an event that is looming that might just affect where MSTR will go next. This is the Q1 results that will be out on May 5. From January to March, Bitcoin did not perform well, and this will be very evident in these results.

MSTR Stock Price Eyes 46% Rally

MSTR shares may be down, but it has abandoned the bullish path it has been following. When one looks at the daily chart, it is evident that when it started retreating from last Thursday, it created the flag of a bull flag pattern, and soon, it may be on the way up again.

For Strategy to continue moving up, the first thing that it needs to do is to go above the resistance of this flag. If it does, it will be the confirmation needed to conclude that the journey upwards has just begun.

Again, there is the height of the flagpole that can give us a target. From the bottom of this pole to the top is a 46% move. This means that if in the coming days the MSTR stock price can go past $183, it might be the starting point of gains to $267.

The one indicator making this bull flag thesis stand out is the ADX line. From when the pole was forming, the line rose to show that move was not weak. Again, when the flag formed, the line straightened out, and it is teasing at a fall to show that move was weak.

What this ADX is showing is that the fall from $183 to $165 is not very solid. Therefore, it is still possible that the stock is going to find its upward path again.

But the AO bars show are calling for a pause because they turned green yesterday. It was a sign that bulls are losing some grip, and if more red AO bars appear, it may signal trouble for MSTR stock price.