Mastercard Inc (MA) Down 0.71%, in an Uptrend Over Past 14 Days; Doji and Pin Bar Patterns Appearing on Chart

The Hourly View for MA

Last Updated March 4, 2021, 12:37 GMT

At the time of this writing, MA’s price is down $-1.04 (-0.29%) from the hour prior. MA has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 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

Mastercard Inc closed the day prior down 0.71% ($2.57); this denotes the 2nd straight day it has gone down. The change in price came along side change in volume that was up 3.7% from previous day, but down 25.22% from the Wednesday of last week. Here is a daily price chart of Mastercard Inc.

MA

Mastercard Inc Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For another vantage point, consider that Mastercard Inc’s price has gone up 5 of the previous 10 trading days. As for those who trade off of candlesticks, we should note that we’re seeing doji and pin bar patterns appearing here.

Overheard Around the Web

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

    👌Top 5 Trending Tickers on Twitter, Discord, StockTwits and Yahoo! message boards💰

    1. $PLTR
    2. $HA
    3. $DK
    4. $MA
    5. $TSLA

    👌Happy Trading! Please note, this data is provided SEVEN DAYS A WEEK, 24 HOURS A DAY because it is based on social media activity levels, not solely on trading activity. 👍

    TeamRVRLiveAlerts