Mastercard (MA) Closes Last Hour Up $0.56; in an Uptrend Over Past 90 Days

The Hourly View for MA

Last Updated September 11, 2020, 15:9 GMT

At the moment, MA’s price is down $-1.61 (-0.48%) from the hour prior. The hourly chart shows that MA has seen 2 straight up hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50 and 100 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Mastercard Inc Daily Price Recap

The back and forth price flow continues for Mastercard Inc, which started today off at 332.88 US dollars, down 1.99% ($6.76) from the day prior. This move happened on lower volume, as yesterday’s volume was down 14.9% from the day before — and down 27.9% from the same day the week before. Here is a daily price chart of Mastercard Inc.

MA

Mastercard Inc Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 17 out of the past 30 days.

Overheard Around the Web

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

    $MA I usually think of Cramer as what opposite to do, but he has a huge following and this time statistics are on his side.
    Just be careful buying dips (then again, this could be that someone just missed the lows and needs a cheaper stock—I know I would like to buy some financial stocks a lot cheaper if the slide affects all markets)

    KEY POINTS
    “The recent sell-off could be a sign that this bull’s getting long in the tooth,” CNBC’s Jim Cramer said, citing research from technical analyst Carley Garner.
    “Garner’s betting that the S&P 500 can give you one last gasp higher from here, followed by a truly savage sell-off,” the “Mad Money” host said.
    “I don’t know if she’s right, but that would be pretty par for the course for the historically hideous month of September,” he said.

    https://www.cnbc.com/2020/09/09/jim-cramer-breaks-down-how-an-sp-500-climb-could-be-followed-by-a-truly-savage-sell-off.html

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