Stocks

Mastercard may fall to 402.00 - 410.00

2024-07-29

Our pivot point stands at 451.

Our preference

The downside prevails as long as 451 is resistance.

Alternative scenario

Above 451, look for 464 and 471.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 442.1595 and 447.041).

Supports and resistances

471 **

464 *

451 **

446

438.18 (USD-last)

417

410 **

402 *

395 **

Number of asterisks represents the strength of support and resistance levels.

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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