|
|
Downtrend ResistanceArchive
- 4/19/2024 -
Sign In to see current Signals. |
MasterCard Inc. (MA) Technical Analysis
|
 |
| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was the negative week for the MasterCard Inc. (MA). During the week, the MA dropped -9.99 points, or -2.15%, and closed at 455.39 on Friday, April 19, 2024. Weekly volume was -18% below average.
 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 Broadening Ascending Wedge chart pattern. The trend support level is at 375.22 and resistance is at 496.77. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern 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 (501.75) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. MA may retest the broken support line. It is considered to be a resistance line now. 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 technical indicators are neutral.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.
 Short-term trend: [See MA short-term trend chart]
A short-term downtrend had started on April 8, 2024 at 479.68 and reached 452.59 on April 19, 2024. MA lost 27.09 points, or 5.65%, in 11 days. The price is now at the 10.34% retracement level.
 Daily Technical Indicators: [See MA daily technical indicators chart]
Daily Williams' Percentage Range is oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Williams' Percentage Range or strongly oversold daily 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 daily MACD line is below its signal line since March 22, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.
During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
| |
|
|