MA ends the day indecisive
Mastercard Incorporated (MA) Technical Analysis Report for Aug 10, 2018 | by Techniquant Editorial Team
MA finished the week 0.72% higher at 202.65 after losing $0.95 (-0.47%) today. Trading $0.94 higher after the open, the stock was unable to hold its gains as the bears took control ending the day below its opening price. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.
Daily Candlestick Chart (MA as at Aug 10, 2018):
Friday's trading range was $1.75 (0.86%), that's below last trading month's daily average range of $3.63. Things look different on a weekly scale, where volatility is way below the markets average with the monthly volatility being slightly above average.
Though Mastercard Inc. is currently in a short-term down trend, this might just be a correction, as the medium and long term trends are both positive.
Buying could speed up should prices move above the nearby swing high at 204.66 where further buy stops might get activated.