MASTERCARD INC - A is showing promising signs of setting up for a breakout.

Our stockscreener has identified a possible breakout setup on MASTERCARD INC - A (NYSE:MA). This occurs when the stock consolidates following a significant upward movement. While the breakout outcome cannot be guaranteed, it may be worth monitoring NYSE:MA for potential opportunities.

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

As part of its analysis, ChartMill provides a comprehensive Technical Rating for each stock. This rating, ranging from 0 to 10, is updated on a daily basis and is based on the evaluation of various technical indicators and properties.

Overall MA gets a technical rating of 8 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MA is showing a nice and steady performance.

• Both the short term and long term trends are positive. This is a very positive sign.
• When comparing the yearly performance of all stocks, we notice that MA is one of the better performing stocks in the market, outperforming 77% of all 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 is trading in the upper part of its 52 week range, but not near new highs, so MA is leading the market.
• MA is an average performer in the Financial Services industry, it outperforms 54% of 96 stocks in the same industry.
• In the last month MA has a been trading in a tight range between 386.42 and 405.19.

For an up to date full technical analysis you can check the technical report of MA

Why is NYSE:MA a setup?

ChartMill also assign a Setup Rating to every stock. With this score it is determined to what extend the stock has been trading in a range in the recent days and weeks. This score also ranges from 0 to 10 and is updated daily. The setup score evaluates various short term technical indicators. NYSE:MA scores a 9 out of 10:

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 402.52. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 396.40, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MA in the last couple of days, which is a good sign.

How to trade NYSE:MA?

One way to play this would be to wait for the actual breakout to happen and buy when the stock breaks out above the current consolidation zone. A possible place for a stop loss would be below this zone.

Disclaimer: This article is not intended to provide trading advice. It is crucial to conduct your own analysis and consider your own observations and trading style when making investment decisions. The article solely presents technical observations and should not be relied upon as a sole basis for trading.

Our Breakout screener lists more breakout setups and is updated daily.

Disclaimer

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.