Masco Corp (MAS): Price Now Near $57.95; Daily Chart Shows Downtrend on 50 Day Basis

The Hourly View for MAS

At the moment, MAS (Get Ratings)’s price is down $-0.27 (-0.46%) from the hour prior. MAS has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 50 hour moving average has been crossed, so that price is now turning below it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

MAS ranks 39th in terms of today’s price percentage change out of Construction Materials stocks.

MAS’s Technical Outlook on the Daily Chart

Currently, MAS’s price is down $-0.43 (-0.74%) from the day prior. The daily chart shows that MAS has seen 2 straight down days. As for the trend on the daily timeframe, we see the clearest trend on the 50 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows MAS’s price action over the past 90 days.

MAS

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MAS: Daily RSI Analysis

  • For MAS, its RSI is now at 22.3404.
  • MAS and RSI may be exhibiting divergent trends. This may be something to monitor.

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