Pacific

United

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Mastercard stock price closed at $407.44 with a gain of 1.13% during the last intraday trading session.</a> </li> 
 <li> <span>2</span> <a>MA stock traded above 20, 50, 100, and 200-day exponential moving averages.</a> </li> 
 <li> <span>3</span> <a>The year-to-date return of Mastercard is 16.42%.</a> </li> 
</ul> 
<p>Mastercard (MA) stock was in an uptrend since the middle of March after the formation of a support level at $343. The stock price formed high lows and surged approximately 18.33% from the support level.&nbsp;</p> 
<p>Recently, the stock price was stuck in a wide consolidation zone ranging between $387.50 and $405.30. MA stock price closed above the $400 level but could not rise above $405. However, the last candle did what the rest of the candle could not do. It closed above the resistance level of $405.30, initiating a breakout and forming an all-time high at $407.80.&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh4.googleusercontent.com/rOagOoHcr5QZ6TICkOaRPkOMdollkRM_WKCjPpredhRTJxlAVPg0BbMGqCGnjiunCgeUqdxg-lEPaJsmi0j4SmQ8Fn0avG5i0-giektYJTA6e3giTOcnWpoinJLHL1T7IXRe3vRCaMTFv-RgtkNROA" alt="Mastercard Incorporated (MA Stock): Price Surges Above $400&nbsp;"> 
  <figcaption class="wp-element-caption">
    Source: MA Stock Price By <a href="https://www.tradingview.com/x/qpHyUvQ7/" rel="noopener noreferrer nofollow">TradingView</a>. 
  </figcaption> 
 </figure> 
</div> 
<p>If the next candle can break the high of the last candle, it might rise toward the next psychological level of $412. But, the move requires a follow-up bullish momentum. On the other hand, if the next candle breaks the low of the last candle, it might re-enter the consolidation zone and melt down the previous support level of $387.50.</p> 
<h2 class="wp-block-heading" id="strong-developments-in-mastercard-strong"><strong>Developments In Mastercard&nbsp;</strong></h2> 
<p>Mastercard has entered into a memorandum of understanding with the United Arab Emirates Artificial Intelligence, Digital Economy, and Remote Work Applications office.&nbsp;</p> 
<p>The collaboration comes as Mastercard launched its latest global center for Advanced AI and Cyber Technology in Dubai. The goal of the partnership is to increase artificial intelligence capabilities and readiness in the region.</p> 
<p><a href="https://www.thecoinrepublic.com/2023/08/04/ma-stock-price-prediction-will-mastercard-q2-elevate-its-price/" target="_blank" rel="noopener noreferrer nofollow">Mastercard</a> and Canadian fintech company, Nuvei announced that they will enable near instantaneous payout capabilities for online trading platforms and investors in the Asia Pacific region via Mastercard Send.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-will-ma-stock-continue-to-rise-strong"><strong>Will MA Stock Continue to Rise?</strong></h3> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh5.googleusercontent.com/831vwSOoagGrxjimb44Yuo7pTB_ZCSt7LHaMkDIkfSO-HjDatxbcIFuYziql7O23Vtp9tvs5JU_twq76AD7i_qEZ_1xyTeJF4UjT9I47ud73awnEABw-ZX58dv28j2JWRLMPsKdnyVsHBnBrkx9wMw" alt="Mastercard Incorporated (MA Stock): Price Surges Above $400&nbsp;"> 
  <figcaption class="wp-element-caption">
    Source: MA Stock Price By <a href="https://www.tradingview.com/x/5zUvlKhE/" target="_blank" rel="noopener noreferrer nofollow">TradingView</a>. 
  </figcaption> 
 </figure> 
</div> 
<p>The <a href="https://www.thecoinrepublic.com/2023/08/04/ma-stock-price-prediction-will-mastercard-q2-elevate-its-price/" target="_blank" rel="noopener noreferrer nofollow">stock price</a> traded above 20, 50, 100, and 200-day exponential moving averages (EMAs), indicating bullish momentum. The 50-day EMA has been acting as a support for the price. Chaikin money flow score has climbed above the 0 mark and stands at 0.07 indicating strength in the market.&nbsp;</p> 
<p>The relative strength index has crossed the 60 mark and stands at 63.96 nearing the overbought zone which indicates strong bullish momentum and supports the current price action. The Bollinger bands have contracted indicating a decrease in volatility. MA stock price has crossed above the upper band of Bollinger which indicates the possibility of short-term pullback.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Conclusion&nbsp;</strong></h4> 
<p>The market structure and price action of Mastercard are highly bullish and the stock price has recently created an all-time high at $407.80. Over the past three years, Mastercard’s revenue has grown at a CAGR of 13.3% while the EBITDA has grown at a CAGR of 14.1%.</p> 
<p>The consensus has estimated the revenue to be $25.22 Billion by the end of 2023, reflecting a rise of 13.4% year over year. The EPS estimate of $12.16 for the current year shows a rise of 14.2% over the years.&nbsp;</p> 
<h5 class="wp-block-heading"><strong>Technical levels</strong></h5> 
<p>Major support: $387.50 and $380</p> 
<p>Major resistance: $412 and $420</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

Mastercard Incorporated (MA Stock): Price Surges Above $400

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Thecoinrepublic.com

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