MASTERCARD INC - A (NYSE:MA) Reveals Intriguing Technical Aspects. Here's What You Need to Know.

Our stock screener has identified MASTERCARD INC - A (NYSE:MA) as a potential breakout candidate. This technical breakout setup pattern occurs when the stock consolidates after a strong uptrend. While the actual breakout is uncertain, it may be worth keeping an eye on NYSE:MA.

What is the technical picture of NYSE:MA telling us.

ChartMill utilizes a proprietary algorithm to assign a Technical Rating to every stock. This rating, ranging from 0 to 10, is computed daily by analyzing a variety of technical indicators and properties.

Taking everything into account, MA scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, MA has proven to be a steady performer, scoring decent points in every aspect analyzed.

• The long and short term trends are both positive. This is looking good!
• Looking at the yearly performance, MA did better than 77% of all other stocks. On top of that, MA also shows a nice and consistent pattern of rising prices.
• MA is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
• MA is part of the Financial Services industry. There are 99 other stocks in this industry, MA did better than 69% of them.
• In the last month MA has a been trading in a tight range between 511.00 and 536.75.

Our latest full technical report of MA contains the most current technical analsysis.

How does the Setup look for NYSE:MA

Next to the Technical Rating, the Setup Rating of a stock determines to which extend the stock is consolidating. This score also ranges from 0 to 10 and is updated daily. The setup score evaluates various short term technical indicators. For NYSE:MA this score is currently 9:

Besides having an excellent technical rating, MA also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 532.05. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 530.12, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.

How can NYSE:MA be traded?

To potentially initiate a trade, it is common practice to wait for the stock to break out of the consolidation zone. This breakout signifies a potential upward movement, and traders may enter the stock at that point. Conversely, if the stock falls back below the consolidation zone, it may be sold at a loss.

Of course, there are many ways to trade or not trade NYSE:MA and this article should in no way be interpreted as trading advice. The article is purely based on an automated technical analysis and just points out the technical observations. Always make your own analysis and trade at your own responsibility.

More breakout setups can be found in our Breakout screener.

Keep in mind

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.