MasterCard rises within descending correctional price channel - Analysis - 17-01-2019

Economies.com
2019-01-17 12:56PM UTC

MasterCard's stock rose 0.64% in the last session, or 1.25 points, with positive support from the 50-day SMA, while trading within a descending price channel that guided recent short-term trading, and as a negative divergence formed in the Stochastic indicator as shown below the attached chart after reaching overbought levels. 

 

Therefore we expect the stock to return lower, especially if it settled below 193.00, targeting the support of 177.40. 

 

Expected trend for today: Likely Bearish 

Stocks Technical Analysis

United States Analysis

Stocks

CVS price climbs cautiously - Forecast today - 28-03-2024
2024-03-28 11:18AM UTC
CVS Health Corporation Stock Analysis CVS Health Corporation’s stock price edged up in the ...
United States Analysis

Stocks

eBay price starts recovering - Forecast today - 28-03-2024
2024-03-28 11:17AM UTC
eBay Stock Analysis eBay’s stock price rose in the intraday levels amid the dominance of the ...
United States Analysis

Stocks

Taiwan Semiconductor price seeks a bottom to boost it higher - 28-03-2024
2024-03-28 11:17AM UTC
Taiwan Semiconductor Stock Analysis Taiwan Semiconductor’s stock price (TSM) fell in the ...