Mastercard Incorporated (MA) posted slight gains in its latest intraday trading, supported by the stability of the key 527.60 dollars support level. This gave the stock a bit of positive momentum as it attempts to recover part of its previous losses, despite the continued dominance of the short-term corrective downtrend, with price action moving along a descending trendline. Downward pressure also persists as the stock continues to trade below its 50-day simple moving average, coupled with negative signals from the Relative Strength Indicators, even after they reached deeply oversold levels.

Therefore, we expect the stock’s price to decline in the upcoming sessions, especially if it breaks below the mentioned 527.60 dollars support, targeting thereafter its next support at 503.55 dollars.

Today's price forecast: Bearish

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