Mastercard stock: buy or sell
Jul 29th, 2021
Mastercard stock brief
- Mastercard closed on Wednesday at $383.44 (-1.75%) prior to presenting financial results on Thursday
- On Thursday, Mastercard posted its Q2 financial report
- Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally.
Should I buy Mastercard stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $MA stock a buy?
Currently, Mastercard stock matches one trading strategy:
ATH buy setup
One of the most recommended trading strategies is to buy on All-time Highs (ATH) breakouts. The good point of buying at ATHs is that shares price doesn't have upper resistances, and usually it scales rapidly. However, there's the risk of a bulls trap that may trigger your buy order and then drops sharply. That's why a stop loss is so important. Price is now at 4.59% of all-time highs and it can breakout at any time, so if you want to trade this setup it's recommended to setup your order at $401.03. The stop loss would be placed at $360.93
|Buy setup||Buy point||Stop loss||Risk|
|ATH buy setup||$401.03||$360.93||10.00%|
Should I sell Mastercard stock?
"To sell or not to sell", if you are holding Mastercard shares?. Trading strategies prevent us from making impetuous decisions based on our personal sentiments or the noise surrounding the market. When selling, as well as buying, detailed strategies are very simple to use and are only applicable for selling stocks you already own, not for selling short $MA stock
A guiding principle is that you should not keep a trade that produces losses greater than those expected upon purchase. The timing to sell your stock always has to be dictated by the stop-loss (automatic or manual)
Is it time to sell Mastercard stock?
Currently, Mastercard stock doesn't match any of our preferred sell setups, so if you own Mastercard stock and your operation is in profit probably is not time to sell now
We don't have any rating posted in the last month for Mastercard
Mastercard stock analysis
Supports and resistances
The current resistance levels are:
The current support levels are:
Since the price surpassed the upper band last Friday, the price has been corrected downwards by 2.80%
Relative strength index
When the moves for so long below 70 and above 30, without indicating moments of overvaluation and undervaluation, the indicator loses its usefulness, and we find ourselves in such a case.
Mastercard stock price history
Mastercard started trading priced at an adjusted price1 of $3.75 on May 2006. Since then, MA stock surged by 10,125.07%, with an average of 675.00% per year. If you had invested $1,000USD in Mastercard stock on May 2006, it would worth $102,250.67 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Mastercard stock
How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price predictions are issued every day by banks, financial institutions and independent analysts.
The following table shows the price predictions published by brokerage institutions for the last 30 days. If you are a small trader you shouldn't invest based on these projections.
In the previous 30 days we couldn't find any price target posted for Mastercard stock.
Earnings and financials
On Thursday, Mastercard ($MA) hosted the quarterly shareholders event and presented the report.In comparison, the EPS for the same quarter last year was $1.36, so posted EPS is -100.00%. Turnover scarcely changed on an annualized basis in the , from $40.1B to $41.6B last quarter.
Mastercard ($MA) is hosting the earnings call next October.
Important:The opinions published in this article are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this report does not know the specific positions of the reader, his or her finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are provided for learning reasons only
|Wednesday, July 28th, 2021|
|Day range||$382.33 - $391.73|
|Average true range||$12.63|
|50d mov avg||$371.54|
|100d mov avg||$372.32|
|200d mov avg||$353.20|
|Earnings date||October 26th, 2021|