Visa Inc. (V/NYSE): general analysis
15 January 2019, 11:54
| Scenario | |
|---|---|
| Timeframe | Intraday |
| Recommendation | BUY STOP |
| Entry Point | 139.05 |
| Take Profit | 143.00, 147.00, 150.00 |
| Stop Loss | 135.15, 135.00 |
| Key Levels | 126.00, 130.00, 135.00, 139.00, 142.50, 145.50 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 134.95 |
| Take Profit | 127.00, 124.00 |
| Stop Loss | 139.00 |
| Key Levels | 126.00, 130.00, 135.00, 139.00, 142.50, 145.50 |
Current trend
At the end of last week, Visa shares updated its monthly high, gaining 12.6% from an 8-month low of December 24. 2018 Q4 financial results will be published on January 30. Over the past two quarters, earnings per share exceeded market expectations by 6% on average. According to the results of the Q4 and 2018 year, a 15.7% and 15.6% growth in earnings per share is predicted, correspondingly. In addition, Wall Street predicts an increase in the company's quarterly dividends in 2019 to $0.30 per share.
During the last week, Visa grew by 0.76% against the growth of S&P 500 index by 1.29%.
Support and resistance
Currently, #V quotes are consolidating. There is no unidirectional observed. The local levels of support and resistance are 135.00 and 139.00. There is a potential for recovery. Indicators do not give accurate signals: the price is fixed between the MA (50) and the MA (200); MACD histogram is close to the zero line. It is better to open the positions from the key levels.
Comparative analysis of the multipliers of the company and competing companies in the industry indicates the neutrality of #V.
Resistance levels: 139.00, 142.50, 145.50.
Support levels: 135.00, 130.00, 126.00.
Trading tips
Long positions can be opened after the price is set above the level of 139.00. The closing of the profitable positions is possible at the levels of 143.00, 147.00 and 150.00. Stop loss is 135.00.
Short positions can be opened after the price is set below the level of 135.00 with targets at 127.00–124.00. Stop loss is 139.00.
Implementation period: 3 days.
At the end of last week, Visa shares updated its monthly high, gaining 12.6% from an 8-month low of December 24. 2018 Q4 financial results will be published on January 30. Over the past two quarters, earnings per share exceeded market expectations by 6% on average. According to the results of the Q4 and 2018 year, a 15.7% and 15.6% growth in earnings per share is predicted, correspondingly. In addition, Wall Street predicts an increase in the company's quarterly dividends in 2019 to $0.30 per share.
During the last week, Visa grew by 0.76% against the growth of S&P 500 index by 1.29%.
Support and resistance
Currently, #V quotes are consolidating. There is no unidirectional observed. The local levels of support and resistance are 135.00 and 139.00. There is a potential for recovery. Indicators do not give accurate signals: the price is fixed between the MA (50) and the MA (200); MACD histogram is close to the zero line. It is better to open the positions from the key levels.
Comparative analysis of the multipliers of the company and competing companies in the industry indicates the neutrality of #V.
Resistance levels: 139.00, 142.50, 145.50.
Support levels: 135.00, 130.00, 126.00.
Trading tips
Long positions can be opened after the price is set above the level of 139.00. The closing of the profitable positions is possible at the levels of 143.00, 147.00 and 150.00. Stop loss is 135.00.
Short positions can be opened after the price is set below the level of 135.00 with targets at 127.00–124.00. Stop loss is 139.00.
Implementation period: 3 days.
No comments:
Write comments