Mastercard $MA bouncing off long-term trend
Conviction: 5/5
General Thesis
Growth
Value
General Thesis
- Bouncing off of long-term channel support (since 2009)
- Weekly RSI showing signs of bottoming, with potential bullish divergence
- historical support near (slightly above or at) 200W MA, which is also the case here
Growth
- N/A
- revenue growth is at historical highs
Value
- P/FCF has come down dramatically since early 2021, now about 75th percentile, so still a bit high
- P/S near historical high
- Fundamentals
low debt/asset ratio and plenty of cash to deal with short term debts
Potential Risks- a little expensive, more so than
V - NFT hype may have gotten this to be too expensive
- dependent on people continuing to spend money?
- overall market is very expensive, drawdown could hurt this too
- short term downward sloping resistance
- a little expensive, more so than
- Fundamentals
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.