Mastercard Inc Daily Price Recap
The choppiness in the recent daily price action of Mastercard Inc continues; to start today, it came in at a price of 294.91 US dollars, up 0.22% ($0.65) since the previous day. This move happened on lower volume, as yesterday’s volume was down 26.54% from the day before — and down 39.58% from the same day the week before. Let’s take a look at the daily price chart of Mastercard Inc.
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 16 of the previous 30 trading days. Also, candlestick traders! Note we see doji and pin bar patterns appearing here as well.
Overheard Around the Web
Over on StockTwits, here’s an example of what they’re saying about MA:
$BAC $GOOG $XOM $MA Hello all. This week, there is no change in the Bearish fund flow 🌊 of the stock market where 4 out of 6 (majority) of my Tide indicators remain Short on the stock market. Please visit blog to view full charts and analysis: https://tideinvestor.com/tide-indicators-analysis-23-may-2020/
With the 5 consecutive weeks of Bearish fund flow from my Tide Indicators, I am now Neutral instead of Bullish on the stock market, with expectation that the stock market will continue to trend up but will reach its peak in the coming short term. While pending bearish price action in the stock market, I am still not Bearish yet!
When my Tide Indicators is Neutral, it will mean that I will be closing my Long positions that I opened on 27 March 2020 in planned phases as the stock market continue to trend up to its peak. My trading plan are written in my blog.
Looking forward to the upcoming impulsive wave up here. Let’s enjoy the last wave of bullish tide before the bearish tide arrives.
Trade with the tide!