Mastercard Incorporated Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Mastercard Incorporated stock upgraded from Hold/Accumulate to Buy Candidate after Tuesday trading session.
(Updated on Apr 30, 2024)
The Mastercard Incorporated stock price gained 0.0939% on the last trading day (Tuesday, 30th Apr 2024), rising from 426.00€ to 426.40€. During the last trading day the stock fluctuated 0.682% from a day low at 425.00€ to a day high of 427.90€. The price has been going up and down for this period, and there has been a -2% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 304 more shares were traded than the day before. In total, 745 shares were bought and sold for approximately 317.67€ thousand.
The stock is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at 426.14€ will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Mastercard Incorporated stock with a 90% probability to be traded between 434.25€ and 463.01€ at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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M4I.DE Signals & Forecast
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 429.51€ and 437.01€. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Monday, April 29, 2024, and so far it has risen 0.0939%. Further rise is indicated until a new top pivot has been found. Mastercard Incorporated has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for Mastercard Incorporated stock
Mastercard Incorporated finds support from accumulated volume at 421.80€ 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 2.90€ between high and low, or 0.682%. For the last week the stock has had daily average volatility of 1.26%.
Our recommended stop-loss: 399.60€ (-6.28%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (M4I.DE) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Mastercard Incorporated to open at 426.43€, and during the day (based on 14 day Average True Range), to move between 420.55€ and 432.25€, which gives a possible trading interval of +/-5.85€ (+/-1.37%) up or down from last closing price. If Mastercard Incorporated takes out the full calculated possible swing range there will be an estimated 2.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 426.95€ (0.13%) than the support at 421.80€ (1.08%), 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.
Earnings coming up
Mastercard Incorporated will release earnings BMO on Wednesday, May 01, 2024. We will update the financials statements for Mastercard Incorporated, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.64% in the first trading day after earnings release.
Is Mastercard Incorporated stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.737 Buy Candidate Upgraded
Predicted Opening Price for Mastercard Incorporated of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| 426.43€ ( 0.0078%) | 426.40€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for M4I.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 429.33 | 0.688 % | |
| R2 | 428.23 | 0.428 % | ||
| R1 | 427.54 | 0.268 % | ||
| Current price: | 426.40 | |||
| Support | S1 | 425.33 | -0.252 % | |
| S2 | 424.64 | -0.412 % | ||
| S3 | 423.53 | -0.672 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 430.00 | 0.84 % | |
| R2 | 429.00 | 0.610 % | ||
| R1 | 426.95 | 0.129 % | ||
| Current price | 426.40 | |||
| Support | S1 | 421.80 | -1.08% | |
| S2 | 420.40 | -1.41% | ||
| S3 | 414.20 | -2.86% |
M4I Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 08, 2024 | Apr 08, 2024 | May 09, 2024 | 0.613€ | 0.145% |
| 2 | Jan 08, 2024 | Jan 08, 2024 | Jan 08, 2024 | 0€ | 0% |
| 3 | Jul 06, 2023 | Jul 06, 2023 | Jul 06, 2023 | 0.570€ | 0.158% |
| 4 | Apr 05, 2023 | Apr 05, 2023 | Apr 05, 2023 | 0.570€ | 0.171% |
| 5 | Jan 06, 2023 | Jan 06, 2023 | Jan 06, 2023 | 0.570€ | 0.165% |
FAQ
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