Mastercard may rise to 536.00 - 543.00

Our pivot point stands at 506.

Our preference

The upside prevails as long as 506 is support.

Alternative scenario

Below 506, expect 496 and 490.

Comment

The RSI is trading above 70. This could mean that either the stock is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 500.0925 and 487.5486).

Supports and resistances

548 **

543 *

536 **

531

515.01 (USD-last)

510

506 **

496 *

490 **

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