Mastercard (MA) Closes Prior Hour Up 0.41%; 3 Day Up Streak Ended, in a Downtrend Over Past 14 Days

The Hourly View for MA

Last Updated September 17, 2020, 23:7 GMT

At the time of this writing, MA’s price is down $-1.89 (-0.55%) 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. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 50 hour moving average has been crossed, with price now being above it. 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

The end of a 3 day positive run has come for Mastercard Inc, which finished yesterday down 0.71% ($2.42). The price move occurred on volume that was up 20.36% from the day prior, but down 17.06% from the same day the week before. Here is a daily price chart of Mastercard Inc.

MA

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. 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 down 8 out of the past 14 days.

Overheard Around the Web

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

    $MA

    Flywire, a vertical payments company, is partnering with Mastercard (MA) to provide students with discounted foreign exchange rates on cross-border tuition payments made with Mastercard. The offer is available during the 2020 Fall term to international students originating from UAE, Saudi Arabia, Qatar, Kuwait, Kenya and Ghana attending any school around the world that offers Flywire as a preferred payment method for international tuition. Students will be able to make their international tuition payments in their local currencies using Mastercard credit or debit cards as the lowest cost card payment option with Flywire.

    View the full list of news/momentum plays on watch at : bit.ly/32GfaRt

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