Shares of Mastercard Inc. (MA) are falling sharply Monday and breaking chart support at the September lows. Further weakness is likely, in my opinion. Let's check out the charts and indicators after our look at competitor Visa (V) .
In the daily bar chart of MA, below, we can see that the shares have made a new low for the move down. The lows of September have been broken. Prices are below the 50-day moving average line and its slope has turned lower. A test of the 200-day moving average line might not be far off.
The On-Balance-Volume (OBV) line has been on defense since late August. Sellers are slightly more aggressive. The Moving Average Convergence Divergence (MACD) oscillator is crossing below the zero line now for an outright sell signal.