Visa Inc (V) Moves Down For the 2nd Consecutive Day; Breaks Below 200 Day Average
This is a reversal of the price action on the previous hour, in which price moved down.
V
(Last Updated October 28, 2020)
Welcome to the news page for Visa Inc (V). Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:
The Trend
A trend/countertrend situation exists on V, in which a downtrend exists on shorter timeframes but an uptrend appears on the 90 day timeframe. As such, traders with short positions should be aware of the uptrend in place on the longer timeframes.
V Moving Averages
Across several time periods between 20 and 200 days, the trend on V has remained consistently bearish.
The chart below illustrates.
Visa (V) Closes Last Hour Down $-0.25; Heads Down For the 2nd Consecutive Day, Crosses 200 Day Moving Average, in a Downtrend Over Past 14 Days
The price move occurred on volume that was down 31.12% from the day prior, but up 35.97% from the same day the week before.
Visa (V) Price Near $190.07; Breaks Below 200 Day Average, Heads Down For the 2nd Consecutive Day, in a Downtrend Over Past 14 Days
Regarding the trend, note that the strongest trend exists on the 50 hour timeframe.
Visa (V) Closes Last Hour Up $0.19; is Inching Close to 100 Day Average, in a Downtrend Over Past 14 Days
As for how volume fared, yesterday’s volume was up 113.8% from the previous day (saturday), and up 41.38% from sunday of the week before.
Visa (V) Closes Last Hour Down $-0.14; Eyes 100 Day Average, 2 Day Up Streak Ended
This move happened on lower volume, as yesterday’s volume was down 19.63% from the day before — and down 13.29% from the same day the week before.
Visa (V) Closes Last Hour Down $-0.14; 2 Day Up Streak Snapped, is Inching Close to 100 Day Average
This move happened on lower volume, as yesterday’s volume was down 19.63% from the day before — and down 13.29% from the same day the week before.
Visa (V) Price Near $198.39; is Inching Close to 100 Day Average, Moves Up For the 2nd Consecutive Day, Pin Bar Pattern Appearing on Chart
This move happened on lower volume, as yesterday’s volume was down 18.41% from the day before — and down 7.99% from the same day the week before.
Visa (V) Price Near $197.70; Pin Bar Pattern Appearing on Chart
The price move occurred on volume that was down 0.43% from the day prior, but up 33.33% from the same day the week before.
Visa (V) Price Near $196.73; Breaks Below 100 Day Average, Price Base in Formation Over Past 30 Days
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe.
Visa (V) Closes Last Hour Down $-1.17; 4 Day Down Streak Ended, Price Base in Formation Over Past 30 Days, Nears 20 Day Moving Average
For another vantage point, consider that visa inc’s price has gone up 7 of the previous 14 trading days.