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- 1 Mastercard Inc (NYSE: MA) stock price increased by 0.73% over the last 24 hours.
- 2 Mastercard Inc (MA) stock’s 52-week price range is $276 – $403.
Mastercard has been boosting its earnings at 13.4% yearly, outpacing the Diversified Financial industry’s 10.6%. Revenues have been growing at 9.5% yearly. Mastercard’s return on equity is 178.7%, and it has net margins of 42.3%.
Mastercard has a debt-to-equity ratio of 287.9%, with $5.4 Billion in equity and $15.6 Billion in debt, as per Simply Wall. Its assets and liabilities are $38.9 Billion and $33.5 Billion respectively. Mastercard’s EBIT is $13.0 Billion, with an interest coverage ratio of 34. It has $7.0 Billion in cash and short-term investments.
Mastercard stock has a market capitalization of $379.526 Billion and a total revenue of $22.22 Billion. Its basic EPS is $10.04 and its price-to-earnings ratio is 39.73. The stock price increased by 8.10% this month and by 6.83% in the last six months, resulting in a positive year-to-date return of 14.53%.
Moreover, the average volume of Mastercard stock is 2.775 Million and the current volume is 2.274 Million. The volume chart indicates that the current volume is below average. More demand is required for the price to rise, otherwise, it may decline further.
Technical Analysis of MA Stock Price in 1-D Timeframe
As per the Mastercard stock price prediction, the price action shows that the MA stock price has been bouncing off the support level and is in an uptrend making higher highs and higher lows and is aligned with the trendline. It is in an uptrend from October 2022 and is still in an uptrend.
At the time of publishing, the Mastercard stock price is near its all-time high at $400.69. The price is getting support from all major EMAs and may reach new highs. The volume is also rising and if it exceeds the average volume moving average, we may see more upward movement.
At the time of publishing, MA price is trading above the 20, 50, 100, and 200-day EMAs, which are supporting the upward trend. This means that the stock is likely to continue to rise in the long term and short term.
Moreover, the MACD line at 5.74 and the signal line at 4.20 are above the zero line, and a bullish crossover is observed indicating bullishness in the market. Moreover, the RSI is at 67.57 points and the 14 SMA is above the middle line at 60.49 points, which indicates bullishness up ahead for Mastercard Inc.
Summary
Mastercard stock price prediction highlights that the investors and traders of the MA share are bullish in the 1D time frame, as the technical indicators point to a bullish phase. Therefore, the outlook for the MA stock is optimistic for the next few weeks on the daily chart.
Technical Levels:
- The nearest support levels: $374 and $357.
- The nearest resistance levels: $414 and $439.
Disclaimer
In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.
