- Mastercard bearish trend is facing a possible turning point at $356.04
- Mastercard's upper Bollinger Band® is at $364.48 which indicates a further downward move may follow.
As the day gets underway, chart analysis suggests Mastercard could begin to recover as it approaches significant support, now $1.54 away from $356.04. Dipping below could be an indication that further losses are ahead. Technical analysis trend indicators suggest that Mastercard's CCI indicator is above +100. Asset volatility analysis shows that Mastercard's upper Bollinger Band® at $364.48, suggesting a further decline is forthcoming.
Notwithstanding Mastercard's appreciation in recent days, the technical outlook suggests its bullish run is now fading.
Prosperity Bancshares's bullish momentum is stalling and could turn negative in the short-term after the MACD crossed below its signal line — typically considered to be an early indicator of forthcoming bearish momentum. The upper Bollinger Band® of Prosperity is at $76.49. On the other hand, note that Prosperity is eyeing the $74.57 support line.
Following today's unexpected losses, extensive multifactorial technical analysis forecasts Prosperity to buck against its prevailing uptrend and begin to dip lower in the short term. With all probabilities considered, the the Texan bank holding company is expected to attract significant bearish sentiment in the coming days.
Moody's made an initial foray below its 3 day Simple Moving Average around $297.96. In contrast, Moody's is eyeing the $296.81 support line.
Overall, looking at the technical analysis landscape, it seems Moody's is likely to continue pointing down in the short term.
Fundamental indicators – highly important Non Farm Payrolls data from United States beat analyst expectations of 200,000 with a reading of 263,000.