- Ongoing downtrend raises chances of a persuasive break of existing support at $352.87
- Bollinger analysis indicates upper Band® is at $382.08
Concerning technical analysis and more specifically, trend indicators, Mastercard's CCI indicator has fallen below -100, meaning prices are unusually low compared to their long-term average. Asset volatility analysis shows that the lower Bollinger Band® of Mastercard is at $355.57. Support/Resistance levels obtained from chart analysis indicate that a persuasive break of this target could lead to higher losses.
For the time being, Mastercard remains flat without a clear direction.
Arrow Electronics's notable support and resistance levels: $118.77 is only 83 cents away for Arrow Electronics and might put a stop to its current downtrend.
PayPal made an initial foray below its 3 day Simple Moving Average around $75.54. On the other hand, note that PayPal's bearish trend is facing a possible turning point at $74.82, which is only 66 cents away. Will be interesting to follow. PayPal's lower Bollinger Band® is at $73.06.
According to technical indicators, PayPal is positioned for a downward move in the short term.
Fundamental indicators – United States API Weekly Crude Oil Stock came out at 9.89 million, while a consensus of analysts was expecting 1.23 million.
Upcoming fundamentals: United States Crude Oil Inventories projected to decline to 2 million while previous data was 16.28 million; data will be released today at 16:00 UTC.