Mastercard Does it Again: Heads Down for the 2nd Straight Day

The Hourly View for Mastercard

  • At the moment, MA’s price is up $1.99 (0.57%) from the hour prior.
  • This is a reversal of the price action on the previous hour, in which price moved down.
  • If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe.
  • The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Mastercard’s hourly price chart is shown below.

MA

The Daily View for Mastercard

  • At the time of this writing, MA’s price is down $-2.45 (-0.7%) from the day prior.
  • The daily chart shows that Mastercard has seen 2 straight down days.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 20 day timeframe.
  • Of note is that the 50 day changed directions on MA; it is now pointing down. The moving averages on the daily 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.
  • 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

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