Visa (V) Closes Last Hour Down $-0.53; Heads Down For the 2nd Consecutive Day

The Hourly View for V

Last Updated September 14, 2020, 23:12 GMT

At the moment, V’s price is up $3.89 (1.94%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. Of note is that the 100 and 20 hour changed directions on V; they are now pointing down. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50 and 100 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Visa Inc Daily Price Recap

Visa Inc came into today down 0.43% ($0.86) from the open of the day prior, marking the 2nd consecutive day it has gone down. The price move occurred on stronger volume; specifically, yesterday’s volume was up 2.74% from the day prior, and up 31.86% from the same day the week before. Let’s take a look at the 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 50 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 10 days Visa Inc’s price has gone down 6 them.

Overheard Around the Web

Over on StockTwits, here’s an example of what they’re saying about V:

    Today's biggest market cap gainers (so far) ↗️️

    1. Apple ( $AAPL ) +$39.67 B
    2. Tesla ( $TSLA ) +$33.92 B
    3. Tencent ( $TCEHY ) +$20.52 B
    4. NVIDIA ( $NVDA ) +$16.25 B
    5. Visa ( $V ) +$10.86 B