Mastercard Trend May Be Changing as Price Just Breached Below Its 200 Day Moving Average

The Hourly View for Mastercard

  • At the time of this writing, MA’s price is up $1.26 (0.35%) from the hour prior.
  • It’s been a feast for bulls operating on an hourly timeframe, as Mastercard has now gone up 4 of the past 5 hours.
  • If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe.
  • The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Mastercard’s hourly price chart is shown below.

MA

The Daily View for Mastercard

  • At the time of this writing, MA’s price is up $3.16 (0.88%) from the day prior.
  • Mastercard has seen its price go up 4 out of the past 5 days, thus creating some compelling opportunities for bulls.
  • Regarding the trend, note that the strongest trend exists on the 100 day timeframe.
  • Regarding moving averages, it should first be noted that price has crossed the 200 day moving average, resulting in them with price now being above it. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Below is a daily price chart of Mastercard.

MA

Featured Mastercard Idea From TradingView

Below is a trading comment entitled MA daily chart , top of range, breakout to watch out you may find interesting:

https://www.tradingview.com/chart/JRz4RPp2/ On daily chart Mastercard is in range since nearly 2 months.Volume may be interesting to expect a breakout anytime soon.200 MA just above the resistance area may be dangerous.If the price break the 200 MA and the range, it’s gonna be a great entry signal.✅ Watchlist

Weedo21