Visa Inc. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Friday for Visa Inc.
(Updated on Jun 28, 2024)
The Visa Inc. stock price fell by -1.54% on the last day (Friday, 28th Jun 2024) from 252.45€ to 248.55€. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 1.09% from a day low at 248.30€ to a day high of 251.00€. The price has been going up and down for this period, and there has been a -1.82% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -2 thousand shares and in total, 2 thousand shares were bought and sold for approximately 476.22€ thousand.
The stock is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at 246.35€ will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Visa Inc. stock with a 90% probability to be traded between 243.46€ and 257.84€ 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
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. The Visa Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at 255.51€ and 254.01€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen -4.81%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
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 -5.94% 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 248.15€ 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved 2.70€ between high and low, or 1.09%. For the last week the stock has had daily average volatility of 1.41%
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 Monday 1st
For the upcoming trading day on Monday, 1st we expect Visa Inc. to open at 249.28€, and during the day (based on 14 day Average True Range), to move between 245.00€ and 252.10€, which gives a possible trading interval of +/-3.55€ (+/-1.43%) up or down from last closing price. If Visa Inc. takes out the full calculated possible swing range there will be an estimated 2.85% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 248.15€ (0.16%) than the resistance at 252.45€ (1.57%), 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 is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.332 Sell Candidate Unchanged
Predicted Opening Price for Visa Inc. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 249.28€ ( 0.295%) | 248.55€ |
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 | 251.98 | 1.38% |
| R2 | 250.95 | 0.97% |
| R1 | 250.31 | 0.710% |
| Price | 248.55 | |
| S1 | 248.25 | -0.120% |
| S2 | 247.61 | -0.376% |
| S3 | 246.58 | -0.791% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 255.75 | 2.90% |
| R2 | 255.50 | 2.80% |
| R1 | 252.45 | 1.57% |
| Price | 248.55 | |
| S1 | 248.15 | -0.161% |
| S2 | 247.30 | -0.503% |
| S3 | 0 | - |
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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