$MA:NYSE - MASTERCARD INCORPORATED - up 60% over 12 monthsMastercard continues its upwards climb now up 60% over the last 12 months. As a mega global payment processor it is certainly well worth a watch.
Mastercard, Inc. operates as a technology company, which engages in the payments industry that connects consumers, financial institutions, merchants, governments, and business. It operates through United States and Other countries geographical segments. It offers payment solutions that enables the development and implementation of credit, debit, prepaid, commercial, and payment programs and solutions. The company was founded in 1966 and is headquartered in Purchase, NY.
MAC trade ideas
MA in unchartered territoryMA has moved strongly as visible in the charts, creating some turbulence with downward pressure in the recent past but inching forward towards the 300$ mark.
I thin there is more steam in the stock and we have strong supports in place, at least 3 levels as identified on the charts.
I would have a target of 315-320 on the upside, but will buy at various supports identified on chart and reduce my holding costs
Chart is self explanatory, happy to address any queries
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MasterCard (MA) Establishes a New All-Time HighHello 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.
Support zone #1: $292.30-293.60
Support zone #2: $280.30-282.20.
Psychological resistance level: $300
Market Cap: $299.469B
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MA - DAILY CHART Hi, today we are going to talk about Mastercard and its current landscape.
As nowadays we live in a consumerist society and access to a credit card has continually become easier to obtain, is reasonable to predict that the card debts are also going to rise too, as financial education isn't the strong point of U.S consumers, and are used to the debt culture.
The heat up U.S economy put credit card companies in a more comfortable zone as the unemployment rate remains near to historic lows, which helps customers to keep up with their bills. However, the question that worth to be raised here is, if the 90 days past due card debt is probably surging to 2.01%, the highest level since 2010 amid a heated economy, what is going to happen with this type of debt, once the U.S economy make its first downward movement of correction and make harder for customers pay their credit card bills. Even with the credit card issuers tighten their credit standards, we can't be sure it's going to be enough to avoid a crisis on the sector, which could lead to a flood of bad debt, decline of new credit card issuance and other types of liabilities. This scenario could mean concerning news for Mastercard if the company doesn't progressively start to deploy the proper countermeasures for this scenario.
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Mastercard on verge of all time high Entry level $295.50 = target price $328 = Stop loss $290.10
Mastercard is on a tear recently, represented by the huge volume spike in anticipation of a China Trade deal that could possibly open those markets to American Financial heavyweights.
The charts is extremely bullish and a nice opportunity could be available soon on a major breakout.
Mastercard: Classic cup and handle in payments giantMastercard and Visa have been two of the workhorse names in this long-running bull market. Both have been classic “secular” growth names, riding the spread of digital payments across the globe. The trend has been strong but analysts don’t see it stopping any time soon.
They’re exactly the kind of firms highlighted in William O’Neil’s classic book How the Make Money in Stocks . He traded them by waiting for “cup and handle” formations that tend to appear on secular growth stocks. It’s a high basing pattern, with price holding most of its gains and forming a kind of basin near its old peaks.
The bottom of the basin is the cup. Then it makes a higher low on the right side, which O’Neil called the “handle.” MA and V made those key higher lows on November 5.
This sets MA up for continuation of its longer-term uptrend. More active traders may want to wait for a move above the November 4 high of $282.24 if they’re looking to buy calls. (MA and V both have heavy options activity, according to some of the analytics available on the TradeStation platform.)
While MA and V are very similar, our idea focuses on MA because its quarterly results were stronger last time around.
IS THAT BITCOIN OR MASTERCARD???Looking at the chart of Master Card you will find two amazing insights!
First: The chart a few years ago looked pretty much the same as Bitcoin is now. If you compare the fibonacci retracements and the development to those of Bitcoin , Bitcoin should be around 200.000$ by the end of 2023.
Second: Master Card has finished that second heavy cycle and is looking as if it would collaps very soon, compared to the Bitcoin chart in December 2017.
Are you sell Mastercard ?Hello, Traders!
Monfex is at your service and today we overview Mastercard .
The company has recently processed 28.2 billion transactions, which in dollar terms is about $ 1.7 trillion . And this is 22% more than a year earlier.
MasterCard says the number of transactions has grown thanks to the new click-to-pay payment technology. It allows you to make a purchase on the Internet in a couple of clicks.
Cyber-Monday (December 3) and Black-Friday are coming soon.
The predicted percentage of online sales is about 20%.
And the Mastercard does not belong to a small piece of this pie.
The price is very similar to moving in July-December 2018. There is also bearish divergence on RSI.
A good sign for continuation of growth will be a breakdown of a key resistance level.
If the price nevertheless will bounces down from the local zone of resistance, then MA200 can be taken as the target.
The resistance zone ~ $284
The local resistance zone ~ $280
Market Cap
281.185B
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Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
MA and V patiently waiting for confirmationCurrently waiting for the blue line to close above orange. With the cross awaiting to happen on the MACD. Once MACD crosses with the cross of blue over orange. It will be a very strong buy till the heikin Ashi candle closes red with volume that's when ill sell rinse and repeat. If you did so from January you would of made a nice 45%+ gain this year ALONE. WOW!