Visa (V) Closes Last Hour Down $-0.29; in a Downtrend Over Past 14 Days, 2 Day Down Streak Ended

The Hourly View for V

Last Updated September 15, 2020, 23:7 GMT

Currently, V’s price is up $2.4 (1.17%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. As for the trend on the hourly timeframe, we see the clearest trend on the 20 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

204.98 was the closing price of the day for Visa Inc, resulting in today being one in which price moved up 2.14% ($4.3) from yesterday. As for how volume fared, yesterday’s volume was up 57.65% from the previous day (Sunday), and up 19.12% from Monday of the week before. The daily price chart of Visa Inc below illustrates.


Visa Inc Technical Analysis

The first thing we should note is that Visa Inc is now close to its 20 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. For additional context, note that price has gone down 6 out of the past 10 days.

Overheard Around the Web

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

    $V Sep 14
    – Daily stock market timing forecast –
    ◆ Investing view
    => Sell – Bearish
    ◆ Search for the daily stock market timing forecast
    ◆ Upper~Lower stock price band for the next 10 days
    Price: 197.71 ~ 205.01
    % Change: -3.55% ~ 0.01%
    ◆ Today's Supply-Demand(S&D) strength
    => Supply-Demand strength had a strong buying flow than a flow in falling section.

    ◆ Daily Supply-Demand(S&D) strength Trend
    => About to begin a rebounding trend as a downward trend gradually gives way to slowdown in falling and rises fluctuations