The Greedy Trader Weekly Analysis
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- 3/15/2024 -
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MasterCard Inc. (MA) Technical Analysis

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Summary:
Weekly :Overbought sectorRelative Strength Index is overboughtWilliams' Percentage Range and Lane's Stochastic are strongly overboughtBroken trend resistance lineTrend support at 475.57
Daily :The price has risen above the Parabolic SAR
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It was a first positive week for the MasterCard Inc. (MA). During the week, the MA gained 6.57 points, or 1.40%, and closed at 475.83 on Friday, March 15, 2024. Weekly volume was -16% below average.

MA is a member of Information Technology Sector. Information Technology is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See MA long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 276.87 and reached 482.00 on March 14, 2024. MA gained -205.13 points, or -74.09%, in 74 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (378.40) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See MA medium-term trend chart]
A medium-term uptrend had started on October 27, 2023 at 359.77 and reached 482.00 on March 14, 2024. MA gained -122.23 points, or -33.97%, in 19 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (475.57) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.

Weekly Technical Indicators: [See MA weekly technical indicators chart]
Weekly Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index or strongly overbought weekly Williams' Percentage Range and Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since December 1, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.

Short-term trend: [See MA short-term trend chart]
A short-term uptrend had started on March 5, 2024 at 464.62 and reached 482.00 on March 14, 2024. MA gained -17.38 points, or -3.74%, in 9 days. The price is now at the 35.50% retracement level.

Daily Technical Indicators: [See MA daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since March 1, 2024. The distance between MACD and the signal line is low and getting smaller.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.52
Williams' Percentage Range (W%R) 27.20
Lane's Stochastic (%D-Slow) 65.30
Greed/Fear Indicator (GFI) 63.22
Moving Average Converg./Diverg. (MACD) 6.20
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 82.49
Overbought
Williams' Percentage Range (W%R) 7.10
Strong Overbought
Lane's Stochastic (%D-Slow) 90.11
Strong Overbought
Greed/Fear Indicator (GFI) 82.18
Overbought
Moving Average Converg./Diverg. (MACD) 16.29
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 494.62
Upper Bollinger Band 482.20
Daily Stochastic Crossing 477.47
Weekly Stochastic Crossing 476.22
Price 475.83
Quarterly Trendline Support 475.57
20 Day Moving Average 471.04
Parabolic System 465.55
Lower Bollinger Band 456.61
50 Day Moving Average 454.24
Yearly Trendline Resistance 429.49
Sector and Industry
Description Name Rank
Sector Information Technology 8
Industry Data Processing & Outsourced Services 73
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 464.62
Low Date 03/05/2024
High 482.00
High Date 03/14/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 464.62
Low Date 03/05/2024
High 482.00
High Date 03/14/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 464.62
Low Date 03/05/2024
High 482.00
High Date 03/14/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 494.62
Support 475.57
Low 359.77
Low Date 10/27/2023
High 482.00
High Date 03/14/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 429.49
Support 378.40
Low 276.87
Low Date 10/13/2022
High 482.00
High Date 03/14/2024
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.