Mastercard (MA) Closes Last Hour Down $-2.68; in a Downtrend Over Past 14 Days, Moves Up For the 3rd Consecutive Day, Pin Bar Pattern Appearing on Chart

The Hourly View for MA

Last Updated September 16, 2020, 23:10 GMT

At the time of this writing, MA’s price is up $2.58 (0.76%) from the hour prior. MA has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. Regarding the trend, note that the strongest trend exists on the 50 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 is up 0.8% ($2.71) since the previous day, marking the 3rd consecutive day an upward move has occurred. The price move occurred on volume that was up 25.32% from the day prior, but down 54.31% from the same day the week before. Let’s take a look at the daily price chart of Mastercard Inc.


Mastercard Inc Technical Analysis

Notably, Mastercard Inc is now close to its 20 day averages, located at 343.9 respectively, and thus may be at a key juncture along those timeframes. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. Or to view things another way, note that out of the past 14 days Mastercard Inc’s price has gone up 7 them. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!

Overheard Around the Web

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

    $MA Sep 15
    – Daily stock market timing forecast –
    ◆ Investing view
    => Neutral – Bearish
    ◆ Search for the daily stock market timing forecast
    ◆ Upper~Lower stock price band for the next 10 days
    Price: 333.62 ~ 343.97
    % Change: -1.63% ~ 1.42%
    ◆ Today's Supply-Demand(S&D) strength
    => Supply-Demand strength has changed to a strengthening buying flow when stock market opening.

    ◆ Daily Supply-Demand(S&D) strength Trend
    => In the midst of a rebounding trend of upward direction box pattern price flow marked by limited falls and upward fluctuations.