Mastercard Inc. (MA/NYSE): general analysis
14 January 2019, 11:46
| Scenario | |
|---|---|
| Timeframe | Intraday |
| Recommendation | BUY STOP |
| Entry Point | 197.05 |
| Take Profit | 202.00, 207.00, 210.00 |
| Stop Loss | 192.00 |
| Key Levels | 173.00, 181.00, 190.00, 197.00, 204.00, 210.00 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 189.95 |
| Take Profit | 182.00, 177.00 |
| Stop Loss | 195.00 |
| Key Levels | 173.00, 181.00, 190.00, 197.00, 204.00, 210.00 |
Current trend
Mastercard shares finished last week at a monthly high, and since the beginning of January, the price has grown by 3.9%. The company reported that Q4 2018 financial results will be published on January 31. Data on the increase in consumer spending in the United States in the past quarter suggest strong financial indicators of Mastercard. The company's revenue and net profit growth are expected to reach 14% and 45% against last year’s figures.
During the last week, Mastercard grew by 3.24% against the growth of S&P 500 index by 2.50%.
Support and resistance
At the moment, #MA quotes are consolidating. There is no unidirectional trend observed. The key levels of support and resistance are 190.00 and 197.00. There is a potential for recovery. Indicators do not give accurate signals: the price is fixed between the MA (50) and the MA (200); MACD is in the positive zone. It is better to open the positions from the key levels.
A comparative analysis of company multipliers and competing companies in the industry indicates the neutrality of #MA.
Resistance levels: 197.00, 204.00, 210.00.
Support levels: 190.00, 181.00, 173.00.
Trading tips
Long positions can be opened after the price is set above the level of 197.00. The closing of the profitable positions is possible at the levels of 202.00, 207.00 and 210.00. Stop loss is 192.00.
Short positions can be opened after the price is set below the level of 190.00 with the targets at 182.00–177.00. Stop loss is 195.00.
Implementation period: 3 days.
Mastercard shares finished last week at a monthly high, and since the beginning of January, the price has grown by 3.9%. The company reported that Q4 2018 financial results will be published on January 31. Data on the increase in consumer spending in the United States in the past quarter suggest strong financial indicators of Mastercard. The company's revenue and net profit growth are expected to reach 14% and 45% against last year’s figures.
During the last week, Mastercard grew by 3.24% against the growth of S&P 500 index by 2.50%.
Support and resistance
At the moment, #MA quotes are consolidating. There is no unidirectional trend observed. The key levels of support and resistance are 190.00 and 197.00. There is a potential for recovery. Indicators do not give accurate signals: the price is fixed between the MA (50) and the MA (200); MACD is in the positive zone. It is better to open the positions from the key levels.
A comparative analysis of company multipliers and competing companies in the industry indicates the neutrality of #MA.
Resistance levels: 197.00, 204.00, 210.00.
Support levels: 190.00, 181.00, 173.00.
Trading tips
Long positions can be opened after the price is set above the level of 197.00. The closing of the profitable positions is possible at the levels of 202.00, 207.00 and 210.00. Stop loss is 192.00.
Short positions can be opened after the price is set below the level of 190.00 with the targets at 182.00–177.00. Stop loss is 195.00.
Implementation period: 3 days.
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