Visa Stock Forecast
Visa stock price ended at $271.35 on Tuesday, after gaining 0.0258%.
(Updated on Apr 16, 2024)
The Visa stock price gained 0.0258% on the last trading day (Tuesday, 16th Apr 2024), rising from $271.28 to $271.35. During the last trading day the stock fluctuated 1.47% from a day low at $270.17 to a day high of $274.13. The price has been going up and down for this period, and there has been a -2.55% loss for the last 2 weeks. Volume fell on the last day by -109 thousand shares and in total, 4 million shares were bought and sold for approximately $1.00 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock has broken the weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $271.39. A reaction back to this level may hold a second chance to get out before further falls.
V Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 0.0258%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Visa stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $274.75 and $280.45. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Tuesday, June 20, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Tuesday, June 20, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Visa stock
Visa finds support from accumulated volume at $271.20 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $3.96 between high and low, or 1.47%. For the last week the stock has had daily average volatility of 1.58%.
Our recommended stop-loss: $255.20 (-5.95%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (V) For The Upcoming Trading Day Of Wednesday 17th
For the upcoming trading day on Wednesday, 17th we expect Visa Inc to open at $271.88, and during the day (based on 14 day Average True Range), to move between $267.32 and $275.38, which gives a possible trading interval of +/-$4.03 (+/-1.49%) up or down from last closing price. If Visa Inc takes out the full calculated possible swing range there will be an estimated 2.97% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $271.20 (0.06%) than the resistance at $276.76 (1.99%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Visa will release earnings BMO on Tuesday, April 23, 2024.The consensus among the analysts for the expected earnings (EPS) is $2.42. We will update the financials statements for Visa, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.92% in the first trading day after earnings release.
Is Visa Inc stock A Buy?
Visa holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.322 Hold/Accumulate Unchanged
Predicted Opening Price for Visa Inc of Wednesday, April 17, 2024
Fair opening price April 17, 2024 | Current price |
---|---|
$271.88 ( 0.197%) | $271.35 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for V
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 275.84 | 1.66 % | |
R2 | 274.33 | 1.10 % | ||
R1 | 273.40 | 0.754 % | ||
Current price: | 271.35 | |||
Support | S1 | 270.37 | -0.361 % | |
S2 | 269.44 | -0.705 % | ||
S3 | 267.92 | -1.26 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 280.60 | 3.41 % | |
R2 | 277.05 | 2.10 % | ||
R1 | 276.76 | 1.99 % | ||
Current price | 271.35 | |||
Support | S1 | 271.20 | -0.0553% | |
S2 | 270.90 | -0.166% | ||
S3 | 267.94 | -1.26% |
V Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 25, 2024 | Feb 08, 2024 | Mar 01, 2024 | $0.520 | 0.184% |
2 | Oct 24, 2023 | Nov 08, 2023 | Dec 01, 2023 | $0.520 | 0.203% |
3 | Jul 25, 2023 | Aug 10, 2023 | Sep 01, 2023 | $0.450 | 0.181% |
4 | Apr 25, 2023 | May 11, 2023 | Jun 01, 2023 | $0.450 | 0.199% |
5 | Jan 26, 2023 | Feb 09, 2023 | Jun 01, 2023 | $0.450 | 0.199% |
FAQ
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