Hello traders!
Welcome to PrimeXBT’s technical analysis of MasterCard’s stock, the multinational financial services corporation that has been demanding investor’s attention.
Fundamental Analysis / News:
Recently, MasterCard (NYSE:MA) climbed +0.87% after-hours after increasing its quarterly dividend to $0.40/share from $0.33/share and authorizing the repurchase of as much as $8B of Class A common stock.
MA says the new buyback plan will take effect at the conclusion of the current $6.5B repurchase program, which has ~$300M remaining under its authorization.
Technical Analysis:
At the end of last week, MA's stock price broke through the previous historical all-time high level.
If the price breaks this psychological resistance level, a continuation of the uptrend will be confirmed and we’ll have to search for new buying opportunities based on the same level.
Overall, it is expected that in the short-term the market price will gradually drop to its current support zones before building enough momentum to set another record high.
We only offer you the most valuable analysis each day. Stay tuned for more infographics, analytics, reviews, summaries, and more!
Welcome to PrimeXBT’s technical analysis of MasterCard’s stock, the multinational financial services corporation that has been demanding investor’s attention.
Fundamental Analysis / News:
Recently, MasterCard (NYSE:MA) climbed +0.87% after-hours after increasing its quarterly dividend to $0.40/share from $0.33/share and authorizing the repurchase of as much as $8B of Class A common stock.
MA says the new buyback plan will take effect at the conclusion of the current $6.5B repurchase program, which has ~$300M remaining under its authorization.
Technical Analysis:
At the end of last week, MA's stock price broke through the previous historical all-time high level.
If the price breaks this psychological resistance level, a continuation of the uptrend will be confirmed and we’ll have to search for new buying opportunities based on the same level.
Overall, it is expected that in the short-term the market price will gradually drop to its current support zones before building enough momentum to set another record high.
- Support zone #1: $292.30-293.60
- Support zone #2: $280.30-282.20.
- Psychological resistance level: $300
- Market Cap: $299.469B
We only offer you the most valuable analysis each day. Stay tuned for more infographics, analytics, reviews, summaries, and more!
Trade active:
Touched S1 zone
Trade active:
at the resistance level
Trade closed: target reached