Visa Inc (V) Up 4.38%, Price Base in Formation Over Past 30 Days; Pin Bar Pattern Appearing on Chart

Visa Inc Daily Price Recap

169.54 was the closing price of the day for Visa Inc, resulting in today being one in which price moved up 4.38% ($7.12) from the previous day. This move happened on lower volume, as yesterday’s volume was down 22.21% from the day before — and down 0.07% 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 clearest trend exists on the 90 day timeframe, which shows price moving down over that time. Also of note is that on a 30 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For additional context, note that price has gone down 8 out of the past 14 days. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!

Overheard Around the Web

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

    Still observing notable outperformance in $PYPL over $MA / $V

    This particular trend has been noticeable since the bear market/correction/who gives a fuck what it is initially began

    I reduced a bit of my V/MA to increase cash % but have never sold a share of PYPL

    Actually kind of thinking of giving STNE/PAGS a shot at these levels šŸ˜±