Visa Inc. Stock Forecast
Visa Inc. stock downgraded from Buy Candidate to Sell Candidate after Tuesday trading session.
(Updated on Jun 25, 2024)
The Visa Inc. stock price fell by -1.65% on the last day (Tuesday, 25th Jun 2024) from 261.10€ to 256.80€. During the last trading day the stock fluctuated 0.93% from a day low at 256.80€ to a day high of 259.20€. The price has risen in 6 of the last 10 days and is up by 0.8% over the past 2 weeks. Volume has increased on the last day by 60 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 thousand shares were bought and sold for approximately 303.79€ thousand.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Visa Inc. stock with a 90% probability to be traded between 243.22€ and 257.66€ at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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3V64.DE Signals & Forecast
The Visa Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 256.13€ and 254.57€. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Monday, June 24, 2024, and so far it has fallen -1.65%. Further fall is indicated until a new bottom pivot has been found. Visa Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The stock had a Golden Star Signal on Wednesday, June 28, 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 Wednesday, June 28, 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.
A sell signal from a double top formation was found on Monday, June 24, 2024 and based on theory for this formation the price should fall by -8.96% to 233.79€ within 31 trading days since signal was issued (Tuesday, August 06, 2024).
Support, Risk & Stop-loss for Visa Inc. stock
Visa Inc. finds support from accumulated volume at 255.75€ 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 2.40€ between high and low, or 0.93%. For the last week the stock has had daily average volatility of 1.22%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (3V64.DE) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Visa Inc. to open at 257.60€, and during the day (based on 14 day Average True Range), to move between 253.38€ and 260.22€, which gives a possible trading interval of +/-3.42€ (+/-1.33%) up or down from last closing price. If Visa Inc. takes out the full calculated possible swing range there will be an estimated 2.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 255.75€ (0.41%) than the resistance at 257.95€ (0.45%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Visa Inc. stock A Buy?
Visa Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -1.640 Sell Candidate Downgraded
Predicted Opening Price for Visa Inc. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| 257.60€ ( 0.312%) | 256.80€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3V64.DE
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 260.00 | 1.25% |
| R2 | 259.08 | 0.89% |
| R1 | 258.52 | 0.669% |
| Price | 256.80 | |
| S1 | 256.68 | -0.0455% |
| S2 | 256.12 | -0.266% |
| S3 | 255.20 | -0.623% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 258.75 | 0.759% |
| R2 | 258.00 | 0.467% |
| R1 | 257.95 | 0.448% |
| Price | 256.80 | |
| S1 | 255.75 | -0.409% |
| S2 | 255.50 | -0.506% |
| S3 | 251.70 | -1.99% |
3V64 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 16, 2024 | May 16, 2024 | Jun 03, 2024 | 0.486€ | 0.197% |
| 2 | Feb 08, 2024 | Feb 08, 2024 | Mar 01, 2024 | 0.479€ | 0.184% |
| 3 | Nov 08, 2023 | Nov 08, 2023 | Dec 01, 2023 | 0.520€ | 0.221% |
| 4 | Aug 10, 2023 | Aug 10, 2023 | Sep 01, 2023 | 0.450€ | 0.196% |
| 5 | May 11, 2023 | May 11, 2023 | May 11, 2023 | 0.450€ | 0.213% |
FAQ
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