MasterCard Short Term: the downside prevails as long as 461 is resistance
May 8, 2024 08:54
MasterCard (MA.US)
1.36+0.30%
the downside prevails as long as 461 is resistance.
461 is our pivot point.
Our preference: the downside prevails as long as 461 is resistance.
Alternative scenario: above 461, look for 472 and 479.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 456.84 and 468.5186).
Supports and resistances:
479 **
472 *
461 **
457
453.06 (USD-last)
435
429 **
422 *
416 **
Our preference: the downside prevails as long as 461 is resistance.
Alternative scenario: above 461, look for 472 and 479.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 456.84 and 468.5186).
Supports and resistances:
479 **
472 *
461 **
457
453.06 (USD-last)
435
429 **
422 *
416 **
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