Stock of the day: Mastercard

In today’s stock of the day, let’s see the situation on Mastercard. Mastercard is still moving lower inside of a channel-down formation, maintaining the sequence of lower lows and lower highs. In November, sellers attempted to accelerate the decline by pushing the price below the key horizontal support at $529, marked with the orange line. That breakout attempt failed, and the price quickly rebounded back inside the structure. Since then, Mastercard has been climbing, building a short-term bullish correction inside the flag.

This recovery started at the lower boundary of the formation and carried the price towards the upper boundary. Most recently, Mastercard tested that upper line with precision, but buyers were not yet strong enough to force a breakout. As long as we remain below this resistance, the broader outlook remains negative because the downtrend structure is still fully intact.

However, the technical setup here is very clear: a breakout to the upside—an H4 candle closing above the upper line of the flag—would flip the sentiment and generate a proper buy signal. Until that happens, traders should treat the current movement as a correction within a bearish trend, but be ready, because the breakout would mark a significant shift in momentum.

Source: https://www.axiory.com/analytics/stock-of-the-day/stock-of-the-day-mastercard-4