MA breaks below prior session low


Mastercard Inc. (MA) Technical Analysis Report for May 17, 2018 [< 1 min read]
Highlights
MA breaks below previous session low
MA falls to lowest close since May 9th
TQ Sentiment
Report Sentiment: 40% Bearish
Technical Forecast:
Overview

MA finished Thursday at 191.20 losing $1.18 (-0.61%). Today's closing price of 191.20 marks the lowest close since May 9th. Closing below Wednesday's low at 191.44, the stock confirms its breakout through the previous session's low having traded $0.85 below it intraday.

Daily chart for MA
Volatility

Thursday's trading range was $1.85 (0.96%), that's far below last trading month's daily average range of $3.25. Things look different on a weekly scale, where volatility is way below the markets average with the monthly volatility being way above average.

Support/Resistance

Prices are trading close to the key resistance level at 192.91.

Trend

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.

Order Flow

Buying could speed up should prices move above the close-by swing high at 192.91 where further buy stops might get activated. Selling could accelerate should prices move below the nearby swing low at 190.15 where further sell stops might get triggered.

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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