Mastercard (MA) Price Near $335.06; Moves Down For the 2nd Straight Day

The Hourly View for MA

Last Updated September 18, 2020, 23:8 GMT

At the moment, MA’s price is up $0.63 (0.19%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as MA has now gone down 4 of the past 5 hours. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50 and 100 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 came into today down 1.23% ($4.17) from the open of the day prior, marking the 2nd straight day a decline has happened. The price move occurred on stronger volume; specifically, yesterday’s volume was up 5.3% from the day prior, and up 16.95% from the same day the week before. Below is a daily price chart of Mastercard Inc.

MA

Mastercard Inc Technical Analysis

The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For another vantage point, consider that Mastercard Inc’s price has gone up 16 of the previous 30 trading days.

Overheard Around the Web

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

    $COST for people asking about er

    All we can do is guess right now. The market for the most part has been shit for the last few weeks. No reason this should be trending down but with the way the market is it could end up like FedEx. Amazing earnings but really nothing happens for calls. Share price of $FDX went up $15+ and OTM calls even those with time were crushed. The market is definitely something you have to take day by day at this point.

    They’re going to kill earnings we know that. What we don’t know is if any sort of run will happen before or after. $COST $MA $V have all been beat up the last few weeks. Can only hope they start moving up soon

    Oceanavekid