Mastercard Stock Edges Consolidates & Edges Up (NYSE: MA)

Mastercard Stock Chart MA

Mastercard shares are quoted near the high of the month, strengthening since the middle of last week. The decrease from the maximum of 52 weeks in September exceeded 6%. The company announced the withdrawal of the Libra Facebook cryptocurrency association after PayPal. At the end of the current month, on October 29, before the market opens, a report for the last quarter will be published.

During the past week, Mastercard shares increased 0.68%. The S&P 500 index for the same period increased 0.61%.

Mastercard Stock Chart MA
Mastercard Stock Chart MA

Support and resistance

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The company’s shares continue to consolidate. A unidirectional trend is not observed. Currently, the local support and resistance levels are 270.00 and 283.00. There is the possibility of declining after a long rally. The indicators do not give precise signals: MA (50) began to cross MA (200); The MACD histogram is in the positive zone. It is better to open positions from key levels.

A comparative analysis of the multiples of the company and competing companies in the industry indicates that #MA has a low price.

Resistance levels: 283.00, 293.00.


Support levels: 270.00, 260.00, 248.00.
Short positions can be opened after the price is consolidated below the 270.00 level. The closing of profitable positions is possible at the levels of 260.00, 250.00 and 243.00. Stop loss – 280.00.

Long positions can be opened after the price is consolidated above the 283.00 level with the objectives at 300.00–310.00. Stop loss – 273.00.

Implementation period: 3 days.

Mastercard Incorporated, a technology company, provides transaction processing and other payment related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, compensation and settlement, as well as related products and services. The company offers integrated products and services for account holders, merchants, financial institutions, businesses, governments and other organizations, such as programs that allow issuers to provide credit to consumers to defer payments; payment products and solutions that allow customers to access funds in deposits and other accounts; prepaid payment programs and management services; and commercial payment products and solutions. It also provides value-added products and services that include security and protection products, loyalty and reward programs, information and analysis services, consulting services and processing services for issuers and acquirers. The company offers payment solutions and services under the MasterCard, Maestro and Cirrus brands. Mastercard Incorporated has strategic alliances with Network International to develop electronic payments in Africa and the Middle East; and R3 to develop and test a new cross-border payment solution enabled for blockchain, as well as a strategic alliance with Finexio. The company was founded in 1966 and is based in Purchase, New York.

Jul-19-19ReiteratedBarclaysOverweight$285 → $310
Jan-09-19UpgradeUBSNeutral → Buy
Jan-08-19DowngradeBofA/MerrillBuy → Neutral
Dec-26-18UpgradeEdward JonesHold → Buy
Jul-24-18ResumedRaymond JamesOutperform
Feb-02-18UpgradeArgusHold → Buy$200
Feb-01-18UpgradeSandler O’NeillSell → Hold
Jan-04-18DowngradeRBC Capital MktsTop Pick → Outperform
Nov-06-17ReiteratedBofA/MerrillBuy$165 → $170
Nov-01-17ReiteratedNomuraBuy$163 → $164
Oct-11-17UpgradeWells FargoMarket Perform → Outperform
Oct-02-17InitiatedBuckingham ResearchBuy$163
Sep-29-17InitiatedCantor FitzgeraldOverweight$165
Sep-11-17UpgradeGuggenheimNeutral → Buy
Feb-15-17InitiatedLoop CapitalBuy$119
Feb-01-17ReiteratedRBC Capital MktsTop Pick$130 → $125

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