Technical Signs Suggest V’s Uptrend May Be Stalling

The Hourly View for Visa

  • At the time of this writing, V’s price is down $-1.39 (-0.65%) from the hour prior.
  • This is a reversal of the price action on the previous hour, in which price moved up.
  • Regarding the trend, note that the strongest trend exists on the 20 hour timeframe.
  • Regarding moving averages, it should first be noted that price has crossed the 100 and 50 hour moving averages, resulting in them with price now being below them. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Visa’s hourly price chart is shown below.

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The Daily View for Visa

  • At the time of this writing, V’s price is up $0.74 (0.35%) from the day prior.
  • This is the 2nd day in a row Visa has seen its price head up.
  • As for the trend on the daily timeframe, we see the clearest trend on the 50 day timeframe.
  • Price action traders may also wish to note that we see a pin bar candlestick pattern on Visa. Given that we see an uptrend on the 20 daily candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • Most noteworthy in the world of moving averages on the daily chart is that the 200 day moving average has been crossed, so that price is now turning above it. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
  • Divergence alert: Trend in V’s price and its RSI are diverging. V’s price is rising slower than its RSI.

Below is a daily price chart of Visa.

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Featured Visa Idea From TradingView

Below is a trading comment entitled Visa, Long with short Stop you may find interesting:

Visa try to keep strong weekly. If the day not to close 210,47 Target is 219,27.

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