Mastercard Inc (MA) 2 Day Up Streak Broken, in an Uptrend Over Past 14 Days; Pin Bar Pattern Appearing on Chart

The Hourly View for MA

Last Updated February 16, 2021, 12:33 GMT

At the moment, MA’s price is down $-4.92 (-1.43%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Mastercard Inc Daily Price Recap

The back and forth price flow continues for Mastercard Inc, which started today off at 341 US dollars, down 0.55% ($1.87) from the day prior. This move happened on lower volume, as yesterday’s volume was down 40.79% from the day before — and down 24.9% from the same day the week before. Here is a daily price chart of Mastercard Inc.


Mastercard Inc Technical Analysis

Coming into today Mastercard Inc is now close to its 50 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For additional context, note that price has gone down 16 out of the past 30 days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

Overheard Around the Web

Here’s what one trader on StockTwits recently had to say in regards to MA:

    $TSNP Yo Humbl family, some of you know that I am one of the biggest HMBL bulls out there. I'm holding my shares like it's my life. But not all of you might know that HMBL's payment system will most likely run on $DGB.X, which is an incredibly fast payment method (check out digibyte on YouTube, money gets transferred within seconds, which is faster than regular $V and $MA infrastructures. So you can diversify your portfolio with some $DGB.X, which is still quite cheap. I own around 35.000 digibytes, which I plan to hold for the long term. Also, I remind you all that this a fucking unicorn, and it takes time to build such a huge company.