pool adsSometimes Stocks Move Fast, and Mastercard $MA is no Exception
Whether a stock moves fast or slow, one thing is always true. The forces of supply and demand determine the price of Mastercard (NYSE: MA) and every other stock on the market. The price someone is willing to pay for MA directly impacts its price, but that is offset by what others are willing to sell it for too. The good news is, we can see where these decisions are being made more aggressively, and we can use that information to our advantage. This is what we have done in the example below. Our data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Neutral | Weak | Strong |
| P1 | 0 | 0 | 337.26 |
| P2 | 357.24 | 346.70 | 363.67 |
| P3 | 362.12 | 360.96 | 387.98 |
Support and Resistance Plot Chart for MA
Long Term Trading Plans for MA
April 1, 2021, 4:00 am ET
The Technical Summary and Trading Plans for MA help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this MA Report.
MA - (Long) Support Plan
The technical summary data tells us to buy MA near 337.26 with an upside target of 363.67. This data also tells us to set a stop loss @ 336.29 to protect against excessive loss in case the stock begins to move against the trade. 337.26 is the first level of support below 356.05 , and by rule, any test of support is a buy signal. In this case, support 337.26 would be being tested, so a buy signal would exist.
MA - (Short) Resistance Plan
The technical summary data is suggesting a short of MA as it gets near 363.67 with a downside target of 337.26. We should have a stop loss in place at 364.72though. 363.67 is the first level of resistance above 356.05, and by rule, any test of resistance is a short signal. In this case, if resistance 363.67 is being tested, so a short signal would exist.
Blue = Current Price
Red= Resistance
Green = Support
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