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.

V

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

    More: https://companiesmarketcap.com/top-companies-by-market-cap-gain/

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