Mastercard Inc (MA) 2 Day Up Streak Snapped; Price Base in Formation Over Past 90 Days
This is the 2nd straight hour ma has seen its price head down.
MA
(Last Updated November 27, 2020)
Hello! This is the news page for Mastercard Inc. Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:
The Trend
Over the past 90 days, a clear trend does not seem to be in place for Mastercard Inc. As such, this might be an opportunity for rangebound traders, or trend traders focused on longer timeframes.
MA Moving Averages
MA’s moving averages tell a multi-facted story about its trend. Out of the moving averages we’re monitoring (20, 50, 100, and 200 days), all but the 50 are bullish, suggesting the trend is generally upward, aside from a drop about 2 months prior. Moreover, it should also be noted that the 50 SMA just turned bearish today.
The chart below illustrates.
Mastercard Inc (MA) 2 Day Up Streak Ended; Price Base in Formation Over Past 90 Days
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe.
Mastercard Inc (MA) Heads Up For the 2nd Consecutive Day; Price Base in Formation Over Past 90 Days
The price move occurred on stronger volume; specifically, yesterday’s volume was up 9.16% from the day prior, and up 46.77% from the same day the week before.
Mastercard Inc (MA) Up 2.8%, Breaks Above 50 and 100 Day Averages; Price Base in Formation Over Past 30 and 90 Days
Price action traders in particular will want to note that the 30 and 90 day periods appears to show price forming a base; this could indicate that a support/resistance level is developing.
Mastercard Inc (MA) Down 3.26%, Breaks Below 50 and 100 Day Averages; Price Base in Formation Over Past 90 Days
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.
Mastercard (MA) Closes Prior Hour Up 0.04%; Moves Down For the 3rd Consecutive Day, Crosses 50 and 100 Day Moving Averages, Price Base in Formation Over Past 90 Days
As for how volume fared, yesterday’s volume was up 52.43% from the previous day (saturday), and up 39.59% from sunday of the week before.
Mastercard (MA) Price Near $323.32; in an Uptrend Over Past 14 Days, Moves Down For the 2nd Straight Day
Regarding the trend, note that the strongest trend exists on the 100 hour timeframe.
Mastercard (MA) Closes Last Hour Down $-3.53; Heads Down For the 2nd Day In A Row, in an Uptrend Over Past 14 Days
This move happened on lower volume, as yesterday’s volume was down 15.32% from the day before — and down 49.09% from the same day the week before.
Mastercard (MA) Closes Prior Hour Down -1.06%; 3 Day Up Streak Ended, Pin Bar Pattern Appearing on Chart
Now all the bears all over the world can run into walls and die, you defeated idiots.
Mastercard (MA) Closes Prior Hour Up 0.05%; Heads Up For the 3rd Day In A Row, in an Uptrend Over Past 14 Days
As for how volume fared, yesterday’s volume was up 2.55% from the previous day (monday), and up 14.05% from tuesday of the week before.