Mastercard Inc (MA) Down 0.24%, Price Base in Formation Over Past 90 Days; is Inching Close to 20 Day Average

Mastercard Inc 4 Hour Price Update

Updated June 18, 2020 05:14 PM GMT (01:14 PM EST)

MA’s price is down $-2.14 (-0.7%) over the past four hours of trading. For context, Mastercard Inc’s peers in the in the Business Services industry are up 0.23% on average in this time, while its peers in the broader Financial Services sector are down by an average of -0.08%.

Mastercard Inc Daily Price Recap

Mastercard Inc entered today at $303.76, down 0.24% ($0.72) from the day prior. This move happened on lower volume, as yesterday’s volume was down 36.14% from the day before — and down 31.16% from the same day the week before. Here is a daily price chart of Mastercard Inc.

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. Volatility for Mastercard Inc has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For another vantage point, consider that Mastercard Inc’s price has gone up 5 of the previous 10 trading days.

Overheard Around the Web

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

    $MA Form 8-K: Item 5.07 Submission of Matters to a Vote of Security Holders.Mastercard Incorporated held its Annual Meeting of Stockholders on June 16, 2020. Holders of Class A common stock at the clo..