Mastercard Incorporated Stock Forecast

Mastercard Incorporated stock price ended at $459.79 on Monday, after losing 1.20%.
(Updated on Apr 15, 2024)

MA 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 $470.12 and $475.04. 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 -5.90%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Mastercard Incorporated stock

Mastercard Incorporated finds support from accumulated volume at $451.75 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 $11.89 between high and low, or 2.59%. For the last week the stock has had daily average volatility of 1.81%.

Our recommended stop-loss: $437.66 (-4.81%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 16 days ago.)

Trading Expectations (MA) For The Upcoming Trading Day Of Tuesday 16th

For the upcoming trading day on Tuesday, 16th we expect Mastercard Incorporated to open at $462.85, and during the day (based on 14 day Average True Range), to move between $452.54 and $467.04, which gives a possible trading interval of +/-$7.25 (+/-1.58%) up or down from last closing price. If Mastercard Incorporated takes out the full calculated possible swing range there will be an estimated 3.15% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $460.92 (0.25%) than the support at $451.75 (1.75%), 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?

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.

Current score: 0.057 Hold/Accumulate Unchanged

Predicted Opening Price for Mastercard Incorporated of Tuesday, April 16, 2024

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