Mastercard (MA) Closes Prior Hour Down -0.79%; 2 Day Down Streak Ended

The Hourly View for MA

Last Updated September 15, 2020, 23:7 GMT

At the time of this writing, MA’s price is up $4.86 (1.44%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe. Price action traders may also wish to note that we see a doji candlestick pattern on MA. Given that we see an uptrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. 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

338.6 was the closing price of the day for Mastercard Inc, resulting in today being one in which price moved up 2.56% ($8.45) from yesterday. The price move occurred on volume that was up 16.97% from the day prior, but down 16.88% from the same day the week before. Below is a daily price chart of Mastercard Inc.


Mastercard Inc Technical Analysis

Notably, Mastercard Inc is now close to its 20 day averages, located at 342.91 respectively, and thus may be at a key juncture along those timeframes. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. For additional context, note that price has gone up 7 out of the past 14 days.

Overheard Around the Web

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

    Top financial service companies by market cap 💳 (as of today)

    1. Visa ( $V ) $450.92 B
    2. Mastercard ( $MA ) $339.49 B
    3. JPMorgan Chase ( $JPM ) $302.56 B
    4. ICBC ( $1398.HK ) $242.24 B
    5. Bank of America ( $BAC ) $222.10 B