Visa (V) Closes Last Hour Down $-0.86; in a Downtrend Over Past 14 Days

The Hourly View for V

Last Updated September 18, 2020, 21:6 GMT

At the moment, V’s price is down $-0.45 (-0.22%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as V has now gone down 4 of the past 5 hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50 and 100 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Visa Inc Daily Price Recap

The choppiness in the recent daily price action of Visa Inc continues; to start today, it came in at a price of 205.27 US dollars, up 0.07% ($0.14) since the previous day. The change in price came along side change in volume that was up 21.81% from previous day, but down 47.31% from the Thursday of last week. Here is a daily price chart of Visa Inc.


Visa Inc Technical Analysis

The first thing we should note is that the current price of Visa Inc is sitting close to its 20 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. For another vantage point, consider that Visa Inc’s price has gone up 7 of the previous 14 trading days.

Overheard Around the Web

Here’s what one trader on StockTwits recently had to say in regards to V:

    $COST for people asking about er

    All we can do is guess right now. The market for the most part has been shit for the last few weeks. No reason this should be trending down but with the way the market is it could end up like FedEx. Amazing earnings but really nothing happens for calls. Share price of $FDX went up $15+ and OTM calls even those with time were crushed. The market is definitely something you have to take day by day at this point.

    They’re going to kill earnings we know that. What we don’t know is if any sort of run will happen before or after. $COST $MA $V have all been beat up the last few weeks. Can only hope they start moving up soon