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
Visa Inc. stock price down 0.180% on Friday
(Updated on May 03, 2024)
The Visa Inc. stock price fell by -0.180% on the last day (Friday, 3rd May 2024) from 249.80€ to 249.35€. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 0.89% from a day low at 247.80€ to a day high of 250.00€. The price has fallen in 6 of the last 10 days and is down by -2.58% for this period. Volume has increased on the last day by 353 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, 2 thousand shares were bought and sold for approximately 532.36€ thousand.
Given the current horizontal trend, you can expect Visa Inc. stock with a 90% probability to be traded between 245.41€ and 261.39€ 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
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. 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 254.06€ and 257.60€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -6.80%. 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".
Support, Risk & Stop-loss for Visa Inc. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 2.20€ between high and low, or 0.89%. For the last week the stock has had daily average volatility of 1.17%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (3V64.F) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Visa Inc. to open at 249.05€, and during the day (based on 14 day Average True Range), to move between 245.59€ and 253.11€, which gives a possible trading interval of +/-3.76€ (+/-1.51%) up or down from last closing price. If Visa Inc. takes out the full calculated possible swing range there will be an estimated 3.01% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ 256.30€, some 6.95€ (2.79%) from the current price of 249.35€, our system finds the risk reward not very attractive.
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: -3.521 Sell Candidate Unchanged
Predicted Opening Price for Visa Inc. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| 249.05€ ( 0.120%) | 249.35€ |
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 | 251.25 | 0.762 % | |
| R2 | 250.41 | 0.425 % | ||
| R1 | 249.89 | 0.217 % | ||
| Current price: | 249.35 | |||
| Support | S1 | 248.21 | -0.457 % | |
| S2 | 247.69 | -0.666 % | ||
| S3 | 246.85 | -1.00 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 260.90 | 4.63 % | |
| R2 | 258.40 | 3.63 % | ||
| R1 | 256.30 | 2.79 % | ||
| Current price | 249.35 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| 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% |
| 2 | Feb 08, 2024 | Feb 08, 2024 | Mar 01, 2024 | 0.479€ | 0% |
| 3 | Nov 08, 2023 | Nov 08, 2023 | Nov 08, 2023 | 0€ | 0% |
| 4 | Aug 10, 2023 | Aug 10, 2023 | Aug 10, 2023 | 0.450€ | 0% |
| 5 | May 11, 2023 | May 11, 2023 | May 11, 2023 | 0.450€ | 0% |
FAQ
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