V’s Price May Be in An Uptrend, but RSI Suggests Caution

The Hourly View for Visa

  • At the time of this writing, V’s price is down $-0.35 (-0.16%) 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, 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.

V

The Daily View for Visa

  • At the moment, V’s price is down $-1.06 (-0.49%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved up.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 20 day timeframe.
  • 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 alert: Trend in V’s price and its RSI are diverging. V’s price is rising faster than its RSI.

Below is a daily price chart of Visa.

V

Featured Visa Idea From TradingView

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