Mastercard (MA) continues to exhibit a strong long-term bullish trend despite undergoing a healthy correction over the past several months. This week’s powerful bullish candle, which gained approximately 4.7% and closed at $522.44, pushed the stock back above its 20-week moving average, signaling that buyers have regained control. Price is now approaching the upper Bollinger Band, reflecting renewed upside momentum after successfully rebounding from recent lows. Volume also increased, suggesting stronger institutional participation behind the advance.

Momentum indicators are improving as well. The PPO histogram has turned positive, and the PPO line is rising toward a bullish crossover above the signal line, indicating that upward momentum is strengthening even though confirmation has not yet occurred. A successful crossover would provide additional evidence that the correction has likely ended and that a new advance may be underway.

The next resistance zone lies between $530 and $535, followed by the previous highs in the $560 to $580 area. On the downside, initial support sits near $500, which coincides with the rising 20-week moving average, while stronger support is found between $475 and $480 near the lower Bollinger Band and recent swing lows. As long as Mastercard remains above the $500 level, the technical picture remains constructive.

Overall, the chart remains bullish and suggests Mastercard is transitioning from a consolidation phase back into its primary uptrend. Unlike stocks that are experiencing technical breakdowns, Mastercard appears to be building a foundation for another potential move higher, making it an attractive chart for long-term growth investors if momentum continues to improve.

Wishing you the best,

Wendy

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