NEW YORK – Shares of financial services giant Mastercard Inc. finished a turbulent trading session in the red on Friday, but a powerful late-day surge off the session’s lows is giving investors a reason for optimism heading into next week.
Mastercard stock closed the day at
5.76 (1.07%). However, this figure doesn’t tell the whole story. After the closing bell, the stock continued to climb, gaining an additional $1.03 (0.19%) in after-hours trading, suggesting buyer momentum is building.
The day began on a weaker note, opening at
527.33** in the afternoon before a wave of buying pressure reversed its fortunes. In the final hour of trading, the stock staged an impressive rebound, recovering more than $5 from its intraday low.
Market Outlook: Will the Market Go Up on Monday?
The technical signals from Friday’s session strongly suggest a bullish bias for Monday’s open. Here’s the analysis:
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Strong Close Off the Lows: The most significant indicator is the stock’s powerful bounce from its low of $527.33. This “V-shaped” recovery in the final hour indicates that buyers saw value at that level and stepped in aggressively. This is a classic sign of strength.
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Positive After-Hours Momentum: The fact that the stock continued to rise after the market closed confirms that the positive sentiment was not just a fleeting event. It suggests that demand for the stock is carrying over.
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Key Levels to Watch: The afternoon low of $527.33 has now become a critical support level. As long as the stock remains above this point, the bullish outlook remains intact. On Monday, traders will be watching to see if the stock can reclaim the day’s opening price of around $537 to confirm the upward trend.
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Despite the negative daily close, the underlying price action was decidedly positive into the session’s end. The strong rebound and positive after-hours follow-through indicate a shift in momentum. Based on these signals, there is a high probability that Mastercard’s stock will open higher on Monday as buyers attempt to build on Friday’s late-session rally.
Disclaimer: This article is based on the analysis of the provided image and is for informational purposes only. It is not financial advice. Market conditions are subject to change rapidly.
