Visa Inc. (V/NYSE): general review
18 December 2018, 12:27
| Scenario | |
|---|---|
| Timeframe | Intraday |
| Recommendation | SELL STOP |
| Entry Point | 130.95 |
| Take Profit | 128.00, 126.00, 123.00 |
| Stop Loss | 133.85, 134.00 |
| Key Levels | 126.00, 129.00, 131.00, 134.50, 139.00, 142.50 |
| Alternative scenario | |
|---|---|
| Recommendation | BUY STOP |
| Entry Point | 134.55 |
| Take Profit | 140.00, 142.50 |
| Stop Loss | 131.50 |
| Key Levels | 126.00, 129.00, 131.00, 134.50, 139.00, 142.50 |
Current trend
Visa shares are traded near the monthly minimum, losing more than 9% of the value from the monthly maximum of 3 December. Since the beginning of the year, the emitter's quotes strengthened by 15%. Visa reported on cooperation with fin-tech company Ingo Money to create QuickConnect, a new offer for banks and retailers which will act as an alternative to paper checks. The estimated capitalization of this market is at USD 33 trillion.
Within the previous week, the stock of Visa reduced by 4.70%. S&P500 index went down by 3.46% during the same period.
Support and resistance
The emitter continues to trade in the flat market. No single direction tendencies are observed. At the moment, #V quotes are consolidating near the key demand zone of 129.00-131.00. The local resistance level is 134.50. The instrument has the potential to further correction.
Indicators show the strength of the sellers: the price has consolidated below MA(50) and MA(200); MACD histogram is in the negative zone. Positions are to be opened from key levels.
Comparing company's multiplier with its competitors in the industry, we can say that #V shares are neutral.
Support levels: 131.00, 129.00, 126.00.
Resistance levels: 134.50, 139.00, 142.50.
Trading tips
If the price consolidates below the support level of 131.00, #V may continue to correct. Potential profits should be locked in by orders at 128.00, 126.00, and 123.00. Stop loss – 134.00.
If the price consolidates above the level of 134.50, one may consider buying the company's stock. The target movement level will be 140.00-142.50. Stop loss – 131.50.
Implementation period: 3 days.
Visa shares are traded near the monthly minimum, losing more than 9% of the value from the monthly maximum of 3 December. Since the beginning of the year, the emitter's quotes strengthened by 15%. Visa reported on cooperation with fin-tech company Ingo Money to create QuickConnect, a new offer for banks and retailers which will act as an alternative to paper checks. The estimated capitalization of this market is at USD 33 trillion.
Within the previous week, the stock of Visa reduced by 4.70%. S&P500 index went down by 3.46% during the same period.
Support and resistance
The emitter continues to trade in the flat market. No single direction tendencies are observed. At the moment, #V quotes are consolidating near the key demand zone of 129.00-131.00. The local resistance level is 134.50. The instrument has the potential to further correction.
Indicators show the strength of the sellers: the price has consolidated below MA(50) and MA(200); MACD histogram is in the negative zone. Positions are to be opened from key levels.
Comparing company's multiplier with its competitors in the industry, we can say that #V shares are neutral.
Support levels: 131.00, 129.00, 126.00.
Resistance levels: 134.50, 139.00, 142.50.
Trading tips
If the price consolidates below the support level of 131.00, #V may continue to correct. Potential profits should be locked in by orders at 128.00, 126.00, and 123.00. Stop loss – 134.00.
If the price consolidates above the level of 134.50, one may consider buying the company's stock. The target movement level will be 140.00-142.50. Stop loss – 131.50.
Implementation period: 3 days.
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