Mastercard is expected to report an EPS of $2.85 on revenue of $6.18bn.

Mastercard’s stock is currently trading at around $401.31 a share. The price of its stock has risen around 35% since October last year and has now approached a key resistance level. It has reached the price level of $401.40, the high of 2021. On Monday, the weekly candlestick demonstrates that the price closed above that price level at $402.65, but then slightly retraced. This week could be the decider on whether we will see fresh all-time highs followed by a clear break out of the triangle, or potentially fall back towards the ascending trendline. The service provider is due to report quarterly earnings tomorrow, which certainly will have some influence on the price. The resistance currently remains at $401.40, whereas support sits at $395.35. A slip below $395.35 may see a move lower towards $387.30. Looking at the technical indicators, MACD is comfortably positive and so is the RSI as it reads 64.

Note: investors and traders should be cautious when placing positions as volatility is bound to be much higher upon the release of earnings. Also, there is not guarantee that the outcome of earnings will have the same effect on the price. For example, a positive report does not certify that the price will go rushing higher.