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Visa Inc stock price ended on $225.34 on Monday after gaining 0.29%

StockInvest.us, 2 years ago

Visa

The Visa Inc stock price gained 0.29% on the last trading day (Monday, 14th Feb 2022), rising from $224.69 to $225.34. During the day the stock fluctuated 2.00% from a day low at $222.81 to a day high of $227.26. The price has been going up and down for this period, and there has been a -0.37% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 751 thousand more shares were traded than the day before. In total, 8 million shares were bought and sold for approximately $1.86 billion.

On Jan 31, 2022 "Barclays" gave "$250.00 - $265.00" rating for V. The price target was changed from $226.17 to 0.8%.

The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled.Given the current short-term trend, the stock is expected to rise 12.02% during the next 3 months and, with a 90% probability hold a price between $233.06 and $267.42 at the end of this 3-month period.

Visa

The Visa Inc stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $227.14. On a fall, the stock will find some support from the long-term average at approximately $219.16. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, February 02, 2022, and so far it has fallen -4.28%. Further fall is indicated until a new bottom pivot has been found.

On the downside, the stock finds support just below today's level from accumulated volume at $205.06 and $203.33.There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Visa Inc finds support just below today's level at $205.06. If this is broken, then the next support from accumulated volume will be at $203.33 and $195.58.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $4.45 between high and low, or 2.00%. For the last week, the stock has had a daily average volatility of 1.95%.

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Visa Inc stock to perform well in the short-term.

Check full Visa forecast and analysis here.