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Uptrend Broken SupportArchive
- 4/26/2024 -
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MasterCard Inc. (MA) Technical Analysis
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| Summary:
| | | Weekly : | | Daily : 
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| | It was a first positive week after 4 consecutive negative weeks for the MasterCard Inc. (MA). During the week, the MA gained 7.03 points, or 1.54%, and closed at 462.42 on Friday, April 26, 2024. It was the best weekly gain since February 16, 2024. MA was trading at average weekly trading volume.
 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 375.77 and resistance is at 499.14. 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 downtrend had started on March 21, 2024 at 490.00 and reached 452.59 on April 19, 2024. MA lost 37.41 points, or 7.63%, in 4 weeks. The price is now at the 26.28% retracement level.
 Weekly Technical Indicators: [See MA weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since April 12, 2024. This is an indication that the medium-term trend is down. 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 19, 2024 at 452.59 and reached 468.15 on April 24, 2024. MA gained -15.56 points, or -3.44%, in 5 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Daily Technical Indicators: [See MA daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. 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 link to access Lane's Stochastic help.
The daily MACD line is below its signal line since March 22, 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.
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