5 days ago

Mastercard Vs. Visa: Buy, Sell Or Hold? Here's What Technical Analysis Suggest

Global payment technology companies, Mastercard Inc (NYSE:MA) and Visa Inc (NYSE:V), which process credit card payments and other financial transactions reported better-than-expected quarterly earnings on Thursday. Shall investors buy, sell or hold these companies? Here’s what technical analysis suggests.

Technical Analysis Of Visa And Mastercard

Technical analysis suggests both Visa and Mastercard stocks are currently overbought, indicating a potential correction may be imminent, according to Benzinga Pro.

Visa shares closed Thursday at $343.05, significantly above its eight-day simple moving average of $331.69, 20-day average at $320.65, also 50 and 200-day averages of $316.42, and $285.73, respectively. The relative strength index of 80.35 further reinforces this overbought condition, suggesting recent rapid price increases may be unsustainable.