The Hourly View for Visa
- At the time of this writing, V’s price is down $0 (0%) from the hour prior.
- This is a reversal of the price action on the previous hour, in which price moved up.
- As for the trend on the hourly timeframe, we see the clearest trend 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 downtrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
- 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
- At the time of this writing, V’s price is down $-3.32 (-1.56%) from the day prior.
- This move is a reversal from the day prior, which saw price move up.
- Regarding the trend, note that the strongest trend exists on the 100 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.
Below is a daily price chart of Visa.
Featured Visa Idea From TradingView
Below is a trading comment entitled Head and Shoulders/OUCH! you may find interesting:
V beat earnings and raised dividend, but still manage to drop beneath the right shoulder of what appeared to be an inverse head and shoulder pattern earlier/not anymore as that pattern failed. The head and shoulder top has won this battle for now. Mastercard and GPN are struggling as well. Apparently this is not the best time for credit card stocks. I did not see this coming but I should have since there is a H&S pattern staring at me )o: and also because MA started falling as well.V gapped down on a BAD candle, a Marubozu , which is also known as a candle that is “shaven” and is very bearish. The candle exhibits selling pressure throughout the trading session and a close at the low of the trading session. There is no top wick or a bottom shadow. The red candle opened at the top of the body and closed at the bottom of the candle body, exhibiting very little buying pressure to help it out. Then possible panic selling began to kick in.Price is below the bands set on 80 which shows extreme selling p…