Visa Inc. Stock Forecast
Visa Inc. stock downgraded from Buy Candidate to Hold/Accumulate after Tuesday trading session.
(Updated on Apr 23, 2024)
The Visa Inc. stock price gained 0.393% on the last trading day (Tuesday, 23rd Apr 2024), rising from 254.40€ to 255.40€. During the last trading day the stock fluctuated 0.88% from a day low at 255.00€ to a day high of 257.25€. The price has been going up and down for this period, and there has been a 1.13% gain 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, 1 thousand more shares were traded than the day before. In total, 2 thousand shares were bought and sold for approximately 563.16€ 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 252.94€ 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 255.27€ and 270.85€ 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.F Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 09, 2024, and so far it has risen 1.13%. Further rise is indicated until a new top pivot has been found. Visa Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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. 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 255.56€ and 258.17€. 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).
A buy signal from a double bottom formation was found on Tuesday, April 09, 2024 and based on theory for this formation the price should go up by 10.15% to 281.32€ within 21 trading days since signal was issued (Wednesday, April 24, 2024).
Support, Risk & Stop-loss for Visa Inc. stock
Visa Inc. finds support from accumulated volume at 254.35€ 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 2.25€ between high and low, or 0.88%. For the last week the stock has had daily average volatility of 0.83%.
Our recommended stop-loss: 240.45€ (-5.85%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (3V64.F) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Visa Inc. to open at 255.88€, and during the day (based on 14 day Average True Range), to move between 252.04€ and 258.76€, which gives a possible trading interval of +/-3.36€ (+/-1.32%) up or down from last closing price. If Visa Inc. takes out the full calculated possible swing range there will be an estimated 2.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 256.30€ (0.35%) than the support at 254.35€ (0.41%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Visa Inc. stock A Buy?
Visa Inc. 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. 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 Hold/Accumulate candidate.
Current score: 0.878 Hold/Accumulate Downgraded
Predicted Opening Price for Visa Inc. of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| 255.88€ ( 0.189%) | 255.40€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3V64.F
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 258.13 | 1.07 % | |
| R2 | 257.27 | 0.734 % | ||
| R1 | 256.74 | 0.526 % | ||
| Current price: | 255.40 | |||
| Support | S1 | 255.02 | -0.147 % | |
| S2 | 254.49 | -0.355 % | ||
| S3 | 253.63 | -0.692 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 260.90 | 2.15 % | |
| R2 | 258.40 | 1.17 % | ||
| R1 | 256.30 | 0.352 % | ||
| Current price | 255.40 | |||
| Support | S1 | 254.35 | -0.411% | |
| S2 | 252.00 | -1.33% | ||
| S3 | 247.85 | -2.96% |
3V64 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 08, 2024 | Feb 08, 2024 | Mar 01, 2024 | 0.479€ | 0% |
| 2 | Nov 08, 2023 | Nov 08, 2023 | Nov 08, 2023 | 0€ | 0% |
| 3 | Aug 10, 2023 | Aug 10, 2023 | Aug 10, 2023 | 0.450€ | 0% |
| 4 | May 11, 2023 | May 11, 2023 | May 11, 2023 | 0.450€ | 0% |
| 5 | Feb 09, 2023 | Feb 09, 2023 | Feb 09, 2023 | 0.450€ | 0% |
FAQ
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