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 downgraded to Hold/Accumulate
(Updated on Apr 26, 2024)
The Mastercard Incorporated stock price gained 0.0671% on the last trading day (Friday, 26th Apr 2024), rising from $462.11 to $462.42. During the last trading day the stock fluctuated 0.84% from a day low at $460.94 to a day high of $464.82. The price has risen in 6 of the last 10 days but is still down by -0.64% for this period. Volume fell on the last day by -20 thousand shares and in total, 2 million shares were bought and sold for approximately $880.08 million. 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 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 $455.63 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 $464.65 and $502.26 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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MA Signals & Forecast
There are mixed signals in the stock today. The Mastercard Incorporated stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $471.67. On a fall, the stock will find some support from the short-term average at $459.53. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 1.70%. Further rise is indicated until a new top pivot has been found. 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.
Support, Risk & Stop-loss for Mastercard Incorporated stock
Mastercard Incorporated finds support from accumulated volume at $459.05 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 $3.88 between high and low, or 0.84%. For the last week the stock has had daily average volatility of 1.32%.
Our recommended stop-loss: $436.97 (-5.50%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (MA) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Mastercard Incorporated to open at $462.73, and during the day (based on 14 day Average True Range), to move between $455.67 and $469.17, which gives a possible trading interval of +/-$6.75 (+/-1.46%) up or down from last closing price. If Mastercard Incorporated takes out the full calculated possible swing range there will be an estimated 2.92% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $462.50 (0.02%) than the support at $459.05 (0.73%), 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.The consensus among the analysts for the expected earnings (EPS) is $3.22. 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 +/- 3.48% in the first trading day after earnings release.
Is Mastercard Incorporated stock A Buy?
Mastercard Incorporated 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.154 Hold/Accumulate Downgraded
Predicted Opening Price for Mastercard Incorporated of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $462.73 ( 0.0663%) | $462.42 |
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 | 466.61 | 0.91 % | |
| R2 | 465.12 | 0.585 % | ||
| R1 | 464.21 | 0.387 % | ||
| Current price: | 462.42 | |||
| Support | S1 | 461.24 | -0.254 % | |
| S2 | 460.33 | -0.452 % | ||
| S3 | 458.85 | -0.773 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 479.43 | 3.68 % | |
| R2 | 478.85 | 3.55 % | ||
| R1 | 462.50 | 0.0173 % | ||
| Current price | 462.42 | |||
| Support | S1 | 459.05 | -0.729% | |
| S2 | 451.75 | -2.31% | ||
| S3 | 449.23 | -2.85% |
MA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 06, 2024 | Apr 08, 2024 | May 09, 2024 | $0.660 | 0.143% |
| 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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