Mastercard Inc (MA) Up 0.36%; Price Base in Formation Over Past 90 Days

Mastercard Inc 4 Hour Price Update

Updated June 19, 2020 04:39 PM GMT (12:39 PM EST)

The price of MA increased $0.22 (0.07%) over the past four hours. For context, Mastercard Inc’s peers in the in the Business Services industry are up 0.92% on average in this time, while its counterparts in the broader Financial Services sector are down by an average of -0.42%.

Mastercard Inc Daily Price Recap

The back and forth price flow continues for Mastercard Inc, which started today off at 304.85 US dollars, up 0.36% ($1.09) from the previous day. The change in price came along side change in volume that was up 8.28% from previous day, but down 16.26% from the Thursday of last week. Let’s take a look at the daily price chart of Mastercard Inc.

Mastercard Inc Technical Analysis

Coming into today the current price of Mastercard Inc is sitting close to its 20 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For another vantage point, consider that Mastercard Inc’s price has gone up 19 of the previous 30 trading days.

Overheard Around the Web

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

    The Harris Poll: 73% of US adults were more likely to leverage digital banking and payments while social distancing. Respondents making more than $50,000 per year were even more likely to make financial transactions online.

    J.D. Power: More than one in three US adults said they will use mobile and online tools to do more of their banking, 23% of respondents plan to deposit checks using a mobile phone more often, 20% will visit a bank branch less often and 18% plan to learn more about mobile or online banking options.

    Nearly one in five respondents said they plan to use mobile payments to make in-store purchases more often due to COVID-19, while 28% said they will use less cash and 18% will use ATMs less often out of concerns of spreading the virus.

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