Strong

<ul class="list-ic vertical">
 <li><span>1</span> <a>MA stock price: The company’s stock has been in a bullish trend since the start of November last year.</a></li>
 <li><span>2</span> <a>In the last quarterly report, the firm posted a revenue with a 14% increase year on year</a></li>
 <li><span>3</span> <a>The price has crashed to its support, see what’s ahead for the MA stock bulls.</a></li>
</ul>
<p>New York-based, Tech giant “Mastercard, Inc. (NYSE: MA)” operates as a payments technology company. It is well known to facilitate transactions between consumers, financial institutions, merchants, governments, and businesses. The MA stock is a large-cap company as it has a market cap of $362B.</p>
<h2 class="wp-block-heading" id="strong-quarterly-highlights-of-the-last-quarter-strong"><strong>Quarterly Highlights of the Last Quarter.</strong></h2>
<p>In the Quarter 2 of 2023, the firm made a revenue of $2.8 billion. With a 14% increase year over year, net earnings reached $6.3 billion. This net profit was transformed into an Earning per share of $3.0. The buy volume increased by 14% in local currency, but the gross dollar volume increased by 12%.</p>
<p>The US had a 6% increase in gross dollar volume, 8% growth in credit, and 3% growth in charges. With a 14% credit development and a 17% charge development, the volume increased by 16% outside of the US. Looking at the revenue model of Mastercards, this has proven to be a major growth driver.</p>
<h3 class="wp-block-heading" id="strong-volume-strong-despite-the-high-inflation-rates-strong"><strong>Volume Strong Despite the High Inflation Rates</strong></h3>
<p>Currently, many nations are grappling with high inflation rates and strict fiscal policies, leading to varying rates of economic growth across different countries and regions. However, despite these challenges, the domestic volume growth remains strong.</p>
<p>Management has mentioned that the travel and entertainment industry is doing well overall, with some control over prices and spending in certain international markets. Cross-border travel is showing significant strength, having reached 154% of 2019 levels in the second quarter. The company is well-positioned to take advantage of this trend with its travel-related portfolios, loyalty programs, and marketing efforts.</p>
<h2 class="wp-block-heading" id="strong-technical-analysis-and-prediction-of-the-ma-stock-price-strong"><strong>Technical Analysis and Prediction of the MA Stock Price</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh3.googleusercontent.com/mLcqQOCLaWAfSnszt2e3p56QCJsH89G6HJjhnVfQb94vJbbDrgmYVypQ7DCpsnel_bR9bap6iF2l8d3qmMTCJ0RwV61vnUAB38QRGJPJi7bdJEuc5dQKokUhvhlAntfWSTkUKwrAZO_JCUq5A3t5qaU" alt="MA Stock: The Uptrend Continues, Propelled by Earnings Report">
  <figcaption class="wp-element-caption">
   Chart provided by<a href="https://in.tradingview.com/chart/X78t0Vyp/?symbol=NYSE%3ACVX" rel="noopener noreferrer nofollow"> Tradingview </a>(weekly time frame)
  </figcaption>
 </figure>
</div>
<p>The MA <a href="https://www.thecoinrepublic.com/2023/10/15/backed-by-strong-financials-cey-stock-price-rose-11-6-in-5-days/" rel="noopener noreferrer nofollow">stock price</a> has been on an uptrend since November of last year, at press time. MA bulls hit face-first at the support level of $387 after the 50-day EMA at $398 gave them a rejection. If the stock price doesn’t recover soon, it will be considered a support break, causing the price to move towards the second resistance of $366.&nbsp;</p>
<p>The RSI is currently near the oversold zone of 30, which indicates that bulls can reclaim this demand zone. It brings us to our MA stock price prediction, which is bullish considering the RSI move and the gap with its SMA line. A safe buy can be made if the MA stock price breaks above the 50-day EMA.</p>
<h3 class="wp-block-heading" id="strong-conclusion-strong"><strong>Conclusion</strong></h3>
<p>Mastercard, Inc.(NYSE: MA) operates as a payments technology company. The company posted a positive earnings report for the last quarter, in which its revenue grew by 14%. At the press time, the MA stock price is down to its support level while the prediction is bullish.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<ul>
 <li><strong>Support:</strong> $387, and $366</li>
 <li><strong>Resistance: </strong>$416.</li>
</ul>
<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 in stocks or related indexes comes with a risk of financial loss.</p>

MA Stock: The Uptrend Continues, Propelled by Earnings Report

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Thecoinrepublic.com

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