Mastercard May Rise to 519.00 - 526.00 (READ DESCRIPTION)Mastercard May Rise to 519.00 - 526.00
Pivot Point: 482
The pivot point at 482 is a crucial support level for Mastercard. As long as the stock price remains above this level, the outlook is bullish, indicating potential for upward movement. A drop below this level would signify a change in sentiment and a potential shift toward bearish pressure.
Primary Strategy (Our Preference):
Entry Point: Look for long positions as long as the price holds above the pivot point of 482.
Target Levels:
519.00: This target indicates a significant potential gain, suggesting that bullish momentum is strong enough to push prices higher. Achieving this target would reflect positive market sentiment towards Mastercard.
526.00: The next target represents further upside potential, reinforcing the bullish outlook if the stock can sustain its momentum.
Alternative Scenario:
If the stock falls below the pivot point at 482, traders should consider short positions.
Entry Point: Initiate short positions if the price breaks and remains below 482.
Target Levels:
470.00: This level marks the first downside target, indicating potential bearish momentum if selling pressure increases.
464.00: The next target level suggests a further decline, highlighting risks if the stock continues to trend downward.
Technical Outlook:
RSI Indicator: The RSI is above its neutral level at 50, indicating that bullish momentum is in play, as buying pressure exceeds selling pressure.
MACD Indicator: The MACD is positive but below its signal line, suggesting that while the current trend is bullish, there may be a potential retracement or consolidation in the short term.
Moving Averages: Mastercard is trading above both its 20-day and 50-day moving averages (respectively at 493.93 and 477.84), further confirming the positive outlook and suggesting the stock is in a bullish trend.
Market Dynamics:
As long as Mastercard holds above the pivot point of 482, there is significant potential for upward movement toward the target levels of 519.00 and 526.00.
If the price falls below the pivot, market sentiment could shift, leading to potential declines toward support levels of 470.00 and 464.00.
The pivot point at 482 is critical for maintaining a bullish outlook for Mastercard. Holding above this level opens the possibility for price increases toward 519.00 and 526.00.
Current technical indicators support the bullish sentiment, but traders should remain cautious for any signs of retracement, especially if the price breaches the pivot support.
Mastercardstock
Mastercard Adjusts Full-Year Revenue Forecast Stock Down 1.16%Mastercard Inc. ( NYSE:MA ) has revised its outlook for full-year revenue growth downwards, citing foreign exchange challenges as a primary factor impacting its projections. The payments giant anticipates net revenue growth to now align with the lower end of low double digits for 2024, a shift from its previous guidance targeting growth at the higher end of this range.
Chief Financial Officer Sachin Mehra highlighted the impact of foreign exchange dynamics, particularly the recent strengthening of the US dollar, as a significant headwind affecting the company's revenue outlook. Despite this adjustment, the outlook for net revenue growth on a currency-neutral basis, excluding acquisitions, remains consistent with prior forecasts, aiming for growth at the high end of low double digits.
Although shares of the company had shown resilience, climbing 5.8% year-to-date, they experienced a dip OF 1.33% following the announcement, reflecting investor concerns over the revised revenue forecast. Total network spending volume for the first quarter fell short of estimates, coming in at $2.29 trillion, below the expected $2.32 trillion.
However, Mastercard's ( NYSE:MA ) first-quarter adjusted earnings exceeded expectations, reaching $3.31 per share, surpassing the Bloomberg survey's average estimate of $3.23 per share. CEO Michael Miebach emphasized the company's positive momentum, driven by robust consumer spending, substantial cross-border volume growth, and successful deal wins across regions.
Mastercard's ( NYSE:MA ) performance mirrors that of its competitor Visa Inc., which also beat earnings estimates in the first quarter, reporting strong spending growth. Meanwhile, American Express Co. witnessed an 11% revenue jump during the same period.
One notable development during the quarter was Mastercard ( NYSE:MA ) and Visa's landmark antitrust settlement, which promises to cap credit card interchange fees and provide relief to merchants. This agreement, subject to court approval, is expected to yield significant savings for merchants over the coming years.
Mastercard Strategic Restructuring to Drive Innovation & GrowthIn a bold move aimed at fortifying its position as a global leader in payments technology, Mastercard ( NYSE:MA ) has announced a comprehensive reorganization of its internal structure. The company’s CEO, Michael Miebach, unveiled the ambitious plan, outlining a strategic vision that promises to revolutionize the way Mastercard operates and innovates in the ever-evolving landscape of digital transactions.
The cornerstone of this reorganization lies in the creation of three distinct but interconnected units, each helmed by seasoned industry veterans handpicked to lead Mastercard into its next phase of growth and diversification.
At the heart of this restructuring is the Core Payments unit, described by Mastercard as the very foundation of the company. Under the stewardship of Jorn Lambert, Mastercard’s chief digital officer, who assumes the role of chief product officer (CPO), this division will spearhead the evolution of core payments, leveraging cutting-edge technologies to enhance existing products and introduce groundbreaking solutions to meet the evolving needs of consumers and businesses alike.
In a strategic coup, Mastercard ( NYSE:MA ) has enlisted the expertise of former BlackRock executive Raj Seshadri to head up the Commercial and New Payment Flows unit. Elevated to the position of chief commercial payments officer, Seshadri will lead efforts to drive innovation in remittances, B2B transactions, and non-carded bill payments, while also focusing on expanding Mastercard’s footprint in key sectors such as healthcare.
Meanwhile, Craig Vosburg, who has served as Mastercard’s CPO for the past three years, will take the reins of the Services unit as chief services officer. Tasked with integrating Mastercard’s Cyber and Intelligence, Data and Services, and Open Banking teams, Vosburg’s mandate is clear: to fortify Mastercard’s defenses against fraud, mitigate risks, and bolster cybersecurity in an increasingly digital world.
But the company’s ambitions don’t stop there. In a testament to its commitment to harnessing the power of data and artificial intelligence (AI), Mastercard has established a dedicated Data and AI team. Under the leadership of Greg Ulrich, appointed as chief AI and data officer, this team will leverage AI and data analytics to drive innovation both internally and externally, with a focus on commercializing these technologies to unlock new revenue streams and propel Mastercard ( NYSE:MA ) into the future.
However, amidst the excitement of these transformative changes, Mastercard ( NYSE:MA ) bids farewell to one of its stalwarts. After more than three decades of service, Ajay Bhalla, President of Cyber and Intelligence, will retire, leaving behind a legacy of innovation and leadership that has shaped Mastercard’s cybersecurity efforts and positioned the company as a trailblazer in the fight against digital threats.
As Mastercard ( NYSE:MA ) prepares to embark on this journey of transformation, the stage is set for a new era of innovation, growth, and leadership in the world of payments technology.
Mastercard a long term opportunityMastercard Inc NYSE:MA
- Historically cycles are between 34 - 40 months
- Now on month 40 of a decline/consolidation cycle
- New cycle into bull phase highly probable
- Above 10 month, 200 week & 200 day SMA
- Recently had lowest oversold RSI level ever!
- Monthly MACD Cross
In addition to the above points, a number of bullish parameters are lining up on the chart.
On the daily and the weekly we breaking out of a parallel channel. We are testing the upper resistance of the parallel channel for the 5th time and appear to be breaking through. Parallel channels have one of thee best records in terms of trading pattern success rates.
The RSI was at its most oversold level ever in Sept 2022 and this may have acted as a spring to help propel price with enough momentum to breach through the overhead resistance.
In summary, the cycles suggest we are about to move into a bull market with the aid of a price spring from significantly oversold levels. We are breaking out of a parallel channel and have the 10 month, 200 week and 200 day SMA's under price as support and they are all sloping upwards.
The parallel channel target provides +41% return (see chart). I have also shown were a 100% return would fall on the chart. If we were to reach the top of the channel within the typical 40 month cycle by Sept 2026 we could see a 200% return in what is a very well entrenched and established stock/company.
NYSE:MA is highly established entity as the 20th largest company in the world by market cap at $372bln. A 2x in market cap would make it a $1 trillion company (how likely this is I don't know). Mastercard pay a very small $0.57 dividend each quarter per share ($2.83 annualized). Its less than a percent in dividend yield but its something else to factor in.
KEY DATE: Earnings report on 27th July 2022 (no negative earnings report since 2020).
Mastercard (MA) | ATH Monthly & Weekly Candle Close Confirmed!Hi,
The second technical confirmation after the June close (the first one was a previous idea Walmart) came from Mastercard (MA), buy the strength. Almost the same setup as Walmart has.
Mastercard is one of the largest payment processors in the world, having processed close to over $8 trillion in transactions in 2022. Mastercard operates in over 200 countries and processes transactions in over 150 currencies.
$380 to $400 the hardest fight in Mastercard history. Haven't been such a price level or price action at where the price of MA has been stuck so long. Actually, the fight is not fully over but the price action and the market sentiment are quite promising. The fight is not completely over because it would be ideal if we have also a monthly candle close above $400. Atm we have a weekly candle close above it so at least we have there something and it is already a good sign.
Now, the real technical reason why I want to share it is that MA got the highest monthly candle close and it occurred slightly above the strongest price level in that area. Plus, we have also the highest weekly candle close, and it's above $400.
I, personally, like this close, general price action looks bullish, and as said, recent market sentiment is also favorable.
* Considering technical analysis then the optimal buying zone should stay from current prices to $370
* First target $500
Good luck!
MA are you rdy for short ?🧨🧨👌The master card company is the leader of the financial fraudsters
What we are seeing in the Mastercard trend is an upward trend, because when more money is printed and economies go towards destruction, at first glance, we can see that the shares of banking companies will grow, but let me listen to my friends. It has and should be prepared for the fact that MasterCard shares will fall badly. Although this company wants to resist, you cannot fight with numbers. This number you see is just a bubble that will burst soon.
The future targets of MasterCard shares are $341.31, the next target is $316.71, and the third target is $279.19, which should be seen and will be seen.
Mastercard: Master the Hurdle! 🚧Mastercard should activate more upwards momentum to make it above the resistance at $390 – a feat in which it has succeeded already, albeit temporarily. Once above this mark, the share should vault into the green zone between $429.57 and $453.90 to complete wave B in green before returning below $390 again. However, we must keep in mind our alternative scenario with a probability of 33%: Mastercard might drop below the support at $340.21 to develop a new low first before heading further upwards. We would then expect this new low in the form of wave alt.(X) in magenta in the magenta-colored zone between $319.74 and $289.16.
Mastercard continues to be mixed and volatile. Mastercard - 30d expiry - We look to Sell a break of 335.88 (stop at 345.02)
Trading has been mixed and volatile.
A break of the recent low at 336.02 should result in a further move lower.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. Short term bias has turned negative.
A higher correction is expected.
Our profit targets will be 314.04 and 310.04
Resistance: 350.00 / 360.00 / 369.26
Support: 336.00 / 330.00 / 320.00
Disclaimer – Saxo Bank Group.
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BTC Is Battling in El Salvador Bitcoin is battling in El Salvador, the primary country to make the resource lawful delicate, as indicated by another report.
A study led by the Public Department of Monetary Exploration presumes that, notwithstanding El Salvador's Bitcoin Regulation, very few individuals in the nation are utilizing the cryptographic money.
The law, which inquires as to whether they have the mechanical means to do such, has been reprimanded by establishments like the World Bank and the IMF.
Scientists Fernando E. Alvarez, David Argente, and Diana Van Patten say they addressed 1,800 families in El Salvador up close and personal about their Bitcoin propensities. Their report, named "Are Cryptographic forms of money Monetary standards? Bitcoin as Lawful Delicate in El Salvador," asserts that "utilization of Bitcoin for ordinary exchanges is low and is concentrated among the banked, instructed, youthful, and male populace.
It adds that 25% of respondents in the minuscule Focal American nation were utilizing the state-supported wallet, Chivo, in the wake of downloading it. Furthermore, among the individuals who in all actuality do utilize it, as per the report, just 20% were spending less money, and 15% utilized less charge or Mastercards.
The report additionally takes note that it did "not observe proof of Chivo wallet being utilized to cover for charges or to send settlements" — one of the fundamental reasons the law was passed in any case, as per the Salvadoran government.
Salvadorans were urged to download Chivo last year and were given 1 Bitcoin each. The report expresses that of those overviewed, most spent the Bitcoin and quit utilizing the wallet.
MA Mastercard exposure to Russia and UkraineVisa and Mastercard restricted transactions in Russia as aggressive penalties on the country over the invasion of Ukraine.
Mastercard has about 4% of its net revenues from Russia, while Ukraine-related business accounted for about 2% of Mastercard`s 2021 net revenues.
My price target for MA is the $312 support while the buy area for a potential wick down is $292 - $305.
Looking forward to read your opinion about it.