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Uptrend ExhaustionArchive
- 4/5/2024 -
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MasterCard Inc. (MA) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the MasterCard Inc. (MA). During the week, the MA gave back -4.42 points, or -0.92%, and closed at 477.15 on Friday, April 5, 2024. MA was trading at average weekly trading volume.
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 490.00 on March 21, 2024. MA gained -213.13 points, or -76.98%, in 75 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (380.37) 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 490.00 on March 21, 2024. MA gained -130.23 points, or -36.20%, in 20 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (489.85) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a medium-term trend.
 Weekly Technical Indicators: [See MA weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with 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 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. 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 April 4, 2024 at 469.00 and reached 479.31 on April 5, 2024. MA gained -10.31 points, or -2.20%, in 1 days. The price is now at the 20.95% 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 22, 2024.
The price is close to the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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