MA Faces Resistance as EMAs Turn Bearish
Mastercard Inc (MA) closed up 0.40% at $498.00 on February 25.
Key indicators suggest a bearish bias:
Moving Averages
Price sits below both the 9-day ($517.32) and 21-day ($528.80) EMAs, suggesting short-term weakness.
Momentum
RSI at 33.5 is in neutral territory but trending lower. MACD reads -10.71 against its -7.38 signal line (bearish).
Volatility
Price has pierced the lower Bollinger Band ($498.48), which often precedes a bounce.
While EMAs remain bearish, the oversold RSI reading hints at potential support around $498.48.
Support sits at $498.48 with resistance at $564.93.
