Mastercard Inc Stock Forecast

Stronger technical forecast for Mastercard Inc stock price after Friday trading.
(Updated on Jun 28, 2024)

M4I.F Signals & Forecast

The Mastercard Inc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately 422.36€. On a fall, the stock will find some support from the long-term average at approximately 417.04€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Monday, June 24, 2024, and so far it has fallen -2.98%. Further fall is indicated until a new bottom pivot has been found. 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. The stock had a Golden Star Signal on Monday, June 17, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Mastercard Inc stock

Mastercard Inc finds support from accumulated volume at 416.40€ 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 4.70€ between high and low, or 1.13%. For the last week the stock has had daily average volatility of 1.66%

Our recommended stop-loss: 400.43€ (-4.02%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 19 days ago.)

Trading Expectations (M4I.F) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Mastercard Inc to open at 416.77€, and during the day (based on 14 day Average True Range), to move between 411.33€ and 423.07€, which gives a possible trading interval of +/-5.87€ (+/-1.41%) up or down from last closing price. If Mastercard Inc takes out the full calculated possible swing range there will be an estimated 2.81% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 416.40€ (0.19%) than the resistance at 418.25€ (0.25%), 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 Inc stock A Buy?

Mastercard Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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: -0.662 Hold/Accumulate Upgraded

Predicted Opening Price for Mastercard Inc of Monday, July 1, 2024

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