Mastercard Incorporated Stock Forecast

Stronger technical forecast for Mastercard Incorporated stock price after Wednesday trading.
(Updated on Apr 17, 2024)

M4I.DE Signals & Forecast

There are few to no technical positive signals at the moment. The Mastercard Incorporated stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 435.86€ and 438.16€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -4.11%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for Mastercard Incorporated stock

Mastercard Incorporated finds support from accumulated volume at 429.00€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved 4.30€ between high and low, or 1.00%. For the last week the stock has had daily average volatility of 1.09%

Our recommended stop-loss: 412.94€ (-4.47%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 17 days ago.)

Trading Expectations (M4I.DE) For The Upcoming Trading Day Of Thursday 18th

For the upcoming trading day on Thursday, 18th we expect Mastercard Incorporated to open at 433.35€, and during the day (based on 14 day Average True Range), to move between 426.12€ and 438.38€, which gives a possible trading interval of +/-6.13€ (+/-1.42%) up or down from last closing price. If Mastercard Incorporated takes out the full calculated possible swing range there will be an estimated 2.84% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 429.00€ (0.75%) than the resistance at 440.60€ (1.93%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Mastercard Incorporated stock A Buy?

Mastercard Incorporated holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.162 Hold/Accumulate Upgraded

Predicted Opening Price for Mastercard Incorporated of Thursday, April 18, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.