Mastercard Inc (MA) 2 Day Down Streak Snapped, Crosses 20 Day Moving Average; Price Base in Formation Over Past 14 Days

Mastercard Inc Daily Price Recap

The choppiness in the recent daily price action of Mastercard Inc continues; to start today, it came in at a price of 256.91 US dollars, up 4.71% ($11.56) since yesterday. This move happened on lower volume, as yesterday’s volume was down 13.38% from the day before — and down 28.92% from the same day the week before. Let’s take a look at the daily price chart of Mastercard Inc.

Mastercard Inc Technical Analysis

First things first: Mastercard Inc crossed above its 20 day moving average yesterday. The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. Also of note is that on a 14 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For additional context, note that price has gone down 6 out of the past 10 days.

Overheard Around the Web

Over on StockTwits, here’s an example of what they’re saying about MA:

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