Visa Trend May Be Changing as Price Just Breached Below Its 100 Day Moving Average

The Hourly View for Visa

  • At the time of this writing, V’s price is up $0.34 (0.16%) from the hour prior.
  • Visa has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls.
  • As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe.
  • Price action traders may also wish to note that we see a doji candlestick pattern on Visa. Given that we see an uptrend on the 10 and 5 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Visa’s hourly price chart is shown below.

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The Daily View for Visa

  • At the moment, V’s price is up $3.42 (1.66%) from the day prior.
  • This move is a reversal from the day prior, which saw price move down.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe.
  • Regarding moving averages, it should first be noted that price has crossed the 100 and 20 day moving averages, resulting in them so that price is now turning above them. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
  • Divergence between V’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in V’s price.

Below is a daily price chart of Visa.

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Featured Visa Idea From TradingView

Below is a trading comment entitled Doji Candlestick Menaces Visa you may find interesting:

Visa has trended steadily lower for the past year, and now some patterns may suggest that another peak has formed.The first item on today’s chart is the attempted rally on July 27 following better-than-expected earnings. It looked like V could stay green for about half the day, but then it knifed down on heavy volume. The resulting higher high and lower low produced not only a large outside day but also a doji candlestick. That’s a potential bearish reversal pattern. (In addition, it left a hanging man candlestick on the weekly chart.)Next, the potentially bearish price action occurred near a declining trendline that began in February. Third, MACD is nearing a potential bearish crossover.Finally, the 200-day simple moving average (SMA) has been falling. Also notice how V has struggled to remain above it since gapping downward in late October. Has the longer-term trend turned lower? TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, In…

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