MA ends the day indecisive


Mastercard Inc. (MA) Technical Analysis Report for Aug 10, 2018 [< 1 min read]
Highlights
MA closes below its opening price unable to hold early session gains
MA ends the day indecisive
TQ Sentiment
Report Sentiment: 33% Bearish
Technical Forecast:
Overview

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 chart for MA
Volatility

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.

Trend

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.

Order Flow

Buying could speed up should prices move above the nearby swing high at 204.66 where further buy stops might get activated.

Conclusion

While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.

Market Conditions for Mastercard Inc.
Condition Forecast Direction Win Avg Worst Best Events
Close to R1 Resistance TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
High close to previous High TQ Pro Members Only
Bearish Spinning Top TQ Pro Members Only
More market conditions identified for TQ Pro members...
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