Is Momentum Changing for Mastercard? Price Just Crossed Below Its 50 Day Moving Average

The Hourly View for Mastercard

  • At the moment, MA’s price is up $0.88 (0.25%) from the hour prior.
  • This is the 2nd hour in a row Mastercard has seen its price head up.
  • If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe.
  • The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Mastercard’s hourly price chart is shown below.

MA

The Daily View for Mastercard

  • Currently, MA’s price is up $13.29 (3.86%) from the day prior.
  • It’s been a feast for bulls operating on the daily timeframe, as Mastercard has now gone up 4 of the past 5 days.
  • Regarding the trend, note that the strongest trend exists on the 100 day timeframe.
  • Regarding moving averages, it should first be noted that price has crossed the 20 and 50 day moving averages, resulting in them with price now being above them. The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
  • Divergence between MA’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in MA’s price.

Below is a daily price chart of Mastercard.

MA

Featured Mastercard Idea From TradingView

Below is a trading comment entitled Mastercard stock forecast you may find interesting:

Based on the unique methodology I use to forecast the market we could have already started the final wave to the upside. the here is also a confluence of the 0.618 Fibonacci at that same level, which reinforces the importance of that threshold if the stock were to take a breather in the following days.Using these levels as key pivots for my Mastercard stock price prediction, …

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