The Hourly View for Visa
- At the time of this writing, V’s price is up $0.1 (0.05%) from the hour prior.
- The hourly chart shows that Visa has seen 2 straight up hours.
- Regarding the trend, note that the strongest trend exists on the 20 hour 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 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. With that said, traders should also note the downtrend on the 20 hourly candle timeframe, so the meaning of the candles may require further exploration.
- The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
Visa’s hourly price chart is shown below.
The Daily View for Visa
- Currently, V’s price is down $-5.14 (-2.38%) from the day prior.
- This move is a reversal from the day prior, which saw price move up.
- If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe.
- 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 between V’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in V’s price.
Below is a daily price chart of Visa.
Featured Visa Idea From TradingView
Below is a trading comment entitled Visa | Short Term Bearish / Long Term Bullish you may find interesting:
I’ll try to be brief: all the indicators and trend lines indicate a low-volatile (which is an advantage for the solidity especially in a long-term perspective) and growing trend of Visa. However, following the trend from March 2020 (as I always say “the new modern era for the world”) until today November 2021, Visa has always retraced each level of the Fibonacci retracement until it touches its maximum peak, resulting in and current decline (currently Visa broke the previous trendline, but it was predictable as its trend up to that moment was really exaggeratedly…