Mastercard Incorporated Stock Forecast
Green day on Thursday for Mastercard Incorporated stock after gaining 0.757%
(Updated on Mar 28, 2024)
The Mastercard Incorporated stock price gained 0.757% on the last trading day (Thursday, 28th Mar 2024), rising from $477.95 to $481.57. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.08% from a day low at $477.28 to a day high of $482.43. The price has risen in 7 of the last 10 days and is up by 0.44% over the past 2 weeks. Volume fell on the last day by -42 thousand shares and in total, 2 million shares were bought and sold for approximately $1.06 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a narrow and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $479.01 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 15.78% during the next 3 months and, with a 90% probability hold a price between $554.58 and $572.12 at the end of this 3-month period.
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MA Signals & Forecast
The Mastercard Incorporated stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $481.53 and $472.18. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -1.45%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Mastercard Incorporated stock
On the downside, the stock finds support just below today's level from accumulated volume at $451.75 and $449.23. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Mastercard Incorporated finds support just below today's level at $451.75. If this is broken, then the next support from accumulated volume will be at $449.23 and $418.77.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $5.16 between high and low, or 1.08%. For the last week the stock has had daily average volatility of 1.49%.
Our recommended stop-loss: $463.97 (-3.65%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (MA) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Mastercard Incorporated to open at $480.43, and during the day (based on 14 day Average True Range), to move between $475.29 and $487.85, which gives a possible trading interval of +/-$6.28 (+/-1.30%) up or down from last closing price. If Mastercard Incorporated takes out the full calculated possible swing range there will be an estimated 2.61% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $481.67 (0.02%) than the support at $451.75 (6.19%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Mastercard Incorporated stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Mastercard Incorporated stock to perform well in the short-term.
Current score: 1.165 Buy Candidate Unchanged
Predicted Opening Price for Mastercard Incorporated of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$480.43 ( 0.238%) | $481.57 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MA
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 485.58 | 0.83 % | |
R2 | 483.61 | 0.424 % | ||
R1 | 482.39 | 0.171 % | ||
Current price: | 481.57 | |||
Support | S1 | 478.46 | -0.647 % | |
S2 | 477.24 | -0.90 % | ||
S3 | 475.27 | -1.31 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 488.64 | 1.47 % | |
R2 | 484.00 | 0.505 % | ||
R1 | 481.67 | 0.0208 % | ||
Current price | 481.57 | |||
Support | S1 | 451.75 | -6.19% | |
S2 | 449.23 | -6.72% | ||
S3 | 418.77 | -13.04% |
MA Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 06, 2024 | Apr 08, 2024 | May 09, 2024 | $0.660 | 0.137% |
2 | Jan 08, 2024 | Jan 08, 2024 | Feb 09, 2024 | $0.660 | 0.144% |
3 | Sep 19, 2023 | Oct 05, 2023 | Nov 09, 2023 | $0.570 | 0.147% |
4 | Jun 26, 2023 | Jul 06, 2023 | Aug 09, 2023 | $0.570 | 0.145% |
5 | Feb 14, 2023 | Apr 05, 2023 | May 09, 2023 | $0.570 | 0.149% |
FAQ
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