1 MAS stock price has surpassed the round mark of $50. 2 Buyers have acquired strength and have holded the gains. Masco Corporation (NYSE: MAS) Masco Corp. engages in the business of designing, manufacturing, and distribution of branded home improvement and building products. It ...
- 1 MAS stock price has surpassed the round mark of $50.
- 2 Buyers have acquired strength and have holded the gains.
Masco Corporation (NYSE: MAS) Masco Corp. engages in the business of designing, manufacturing, and distribution of branded home improvement and building products. It operates under the Plumbing Products and Decorative Architectural Products segments. The Plumbing Products segment includes faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures, shower drains, steam shower systems, sinks, kitchen accessories, and toilets. The company was founded by Alex Manoogian in 1929 and is headquartered in Livonia, MI.
Will MAS Stock Continue to Accelerate Beyond $50?
On the daily chart, MAS stock has surpassed the channel highs of $50 and has gained momentum. Moreover, the stock has surpassed multiple barriers and is trading above the significant moving averages. Furthermore, the price action showcased buying interest as investors are making fresh long additions and are willing to retest the neckline of $60 soon.
At press time, MAS stock price is trading at $55.19 with an intraday gain of 1.01% highlighting neutrality. Moreover, the trading volume increased by 0.67% to 1.58 Million while the market cap is $12.39 Billion. Furthermore, analysts have maintained a buy rating with a yearly target price of $61.96 suggests a growth outlook.
MAS Stock Price Prediction 2023
On the daily charts, MAS stock recovered from the demand zone of $45 and is gaining momentum. Furthermore, the price action has witnessed the buyers’ accumulation and is acquiring momentum. Moreover, the stock has surpassed the channel highs and has surpassed the 200 day EMA barrier decisively.
The RSI curve stayed in the overbought zone and formed a bullish divergence indicating the bull dominance in the past sessions.The MACD indicator showed a bullish crossover and formed green bars on the histogram suggesting a positive outlook for the upcoming sessions.
If stock extends the gains and surpasses the hurdle of $60, MAS stock will reach $70 (max) by 2023.On the contrary, if stock reverses from the barrier of $60, it will retest the round mark of $50 followed by $45.
MAS Stock Price Prediction 2024
On the monthly charts, MAS stock showed a pullback and formed a symmetrical triangle pattern and the buyers are showing their interest and are gaining strength in the past weeks. Moreover, the stock is trying to surpass the 20 day EMA barrier and is trying to surpass the trendline of $60.
Per the ongoing trend, if MAS stock surpasses the barrier of $60, it will extend the bullishnes and may reach the maximum of $80 followed by $90. On the other hand, if bears trigger a sell-off, the downside risk for MAS stock is capped to $40 followed by $35.
MAS Stock Price Prediction 2025
On the 6 monthly charts, MAS stock price is forming a doji candlestick and is sustaining above the 20 day EMA mark. Moreover, the chart showcased that stock persists in an uptrend and continues to give reward to its investors. Furthermore, the stock is approaching the bullish trajectory and further delights are yet to come.
Besides that, stock has a potential to reach the maximum of $100 followed by $125 in the next few years. MAS stock has a limited downside risk of $30 followed by $25.
Summary
MAS stock price has showcased the bullishness and indicates the buying interest in the past sessions. Furthermore, the price action has witnessed the uptrend as buyers are keen to retain the higher swing of $90 followed by $100 soon.
Technical Levels
Support Levels: $50 and $40
Resistance Levels: $60 and $70
Disclaimer
The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.