VISA: 2 year Channel Up seeks the next bullish wave.Visa is on a neutral 1D technical outlook (RSI = 53.426, MACD = 2.190, ADX = 43.132) and just above neutrality levels on 1W (RSI = 56.042) as despite being supported by the 1W MA50, it has been rejected twice on the R1 level. That would have been concerning on any other occasion but this time it's not as we consider this similar to the November 2022 R1 pullback, which after being contained by the 1W MA50, it reversed to the 1.382 Fibonacci extension. The 1W RSI trading above its MA for 2 months now, is also similar to October-November 2022. Consequently, we turn bullish again, aiming for the 1.382 Fib (TP = 305.00).
See how our prior idea has worked out:
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Visatrading
Visa Soars! All Profit Targets Hit in 15-Minute Long TradeTechnical Analysis: Visa – 15-Minute Timeframe (Long Trade)
Visa presented a strong bullish opportunity with an entry at 275.92. The trade has been highly successful, with all profit targets hit, showcasing the strength of the uptrend.
Key Levels
Entry: 275.92 – The long position was initiated after confirming a strong bullish signal.
Stop-Loss (SL): 274.59 – Positioned below support to manage risk and protect against potential downside.
Take Profit 1 (TP1): 277.57 – Successfully hit, confirming the initial bullish momentum.
Take Profit 2 (TP2): 280.24 – Further upside pressure pushed the price to this level.
Take Profit 3 (TP3): 282.91 – The bullish trend carried the price to this target.
Take Profit 4 (TP4): 284.56 – The final target, marking a complete and highly profitable trade.
Trend Analysis
The price remained well above the Risological Dotted trendline, confirming a strong uptrend throughout the trade. The steady buying pressure helped achieve all targets, indicating robust bullish momentum.
The long trade on Visa has concluded successfully, hitting all targets, with the final target at 284.56. This trade exemplifies the power of identifying strong trends and riding the momentum to maximize profits.
Visa Stock Slips 4.15% Amid DOJ Antitrust Suit Visa Inc. (NYSE: NYSE:V ), the world's largest payment processing company, has come under pressure as reports surface that the U.S. Department of Justice (DOJ) is preparing to file an antitrust lawsuit against the company. The allegations center around monopolistic practices in the U.S. debit card market, accusing Visa of using its dominant position to hinder competitors. In the wake of this news, Visa's shares fell 3.7% early Tuesday, marking a significant drop for the payment processor. Let’s dive into the key fundamental and technical aspects driving Visa's recent performance and future outlook.
Antitrust Concerns Cloud the Horizon
The DOJ's anticipated lawsuit is based on accusations that Visa (NYSE: NYSE:V ) has been using anti-competitive tactics such as exclusive agreements and penalties for customers using other payment processors. These tactics, according to the DOJ, have allowed Visa to maintain its dominant position in the U.S. debit card market, preventing competitors from gaining market share. This isn't the first time Visa has come under regulatory scrutiny; the DOJ previously blocked a $5.3 billion merger between Visa and fintech company Plaid in 2021, citing antitrust concerns.
Visa (NYSE: NYSE:V ) has also faced heightened scrutiny alongside its rival, Mastercard (MA), as both companies are often accused of operating as a duopoly in the payments industry. Recent reports suggest that Visa's volume-based discounts for merchants are a point of contention, with regulators arguing that these discounts create barriers for new entrants to compete effectively, keeping prices artificially high.
Despite these challenges, some analysts believe that the long-term financial impact on Visa's revenue may be limited. KBW brokerage estimates that Visa's U.S. debit business accounts for around 10% of the company’s total revenue. While the lawsuit could drag on for years, analysts are not expecting a significant blow to Visa’s earnings, although there may be volatility in the stock price during the legal proceedings.
Technical Analysis: A Slippery Slope for Visa's Stock
Visa's stock has been in a rising trend pattern for the better part of 2024, experiencing regular highs and lows as it steadily ascended. However, with the DOJ lawsuit looming, Visa’s stock experienced a sharp decline of over 4% during Tuesday’s trading, dipping to $278.04. This drop represents a crucial turning point as the stock nears a key support zone.
From a technical standpoint, Visa’s current price action shows the stock regressing towards the $255 pivot level, which previously acted as resistance in December 2023. This support level is critical, as breaking below it could lead to further declines. However, if the stock holds above this level, we could see a rebound in the coming weeks, especially if the market shifts focus away from the lawsuit and back to Visa's strong fundamentals.
The stock's Relative Strength Index (RSI) also provides insight into its near-term trajectory. Currently hovering at 46, the RSI suggests that Visa (NYSE: NYSE:V ) is approaching oversold territory. While not yet indicating a reversal, this level is crucial to watch, as a dip below 40 could signal further downside momentum. Conversely, an RSI rebound could spark a short-term rally, particularly if Visa’s fundamentals stabilize.
What Lies Ahead for Visa?
While Visa (NYSE: NYSE:V ) has encountered regulatory hurdles in the past, the payments giant continues to be a powerhouse in the global payments industry. Its ability to navigate legal challenges, coupled with its dominant market position, ensures that Visa (NYSE: NYSE:V ) remains a significant player in the long term. Additionally, Visa’s aggressive stock buyback program and global expansion into digital payments and fintech partnerships should cushion the blow from the ongoing antitrust investigation.
However, the uncertainty surrounding the DOJ lawsuit may weigh on the stock in the short to medium term, as investors brace for potential headlines and prolonged legal battles. Visa's earnings are not expected to take a substantial hit from its U.S. debit operations, but the negative sentiment from the lawsuit could cause the stock to fluctuate in the months ahead.
Conclusion
Visa’s stock is at a critical juncture, facing headwinds. The DOJ’s antitrust lawsuit has sparked concern among investors, but the long-term fundamentals of the company remain intact. From a technical perspective, all eyes will be on the $255 support zone, with the potential for a short-term rebound if Visa can hold above this level. Nonetheless, the legal proceedings are likely to introduce volatility, making Visa (NYSE: NYSE:V ) a stock to watch closely in the coming weeks.
Wave of the day: Visa
5 good reasons for NYSE:V stock
1. Bounce from the value zone
2. Rising MACD histogram
3. Buying Volume coming in
4. Pocket Pivot on the last day
5. Analysts have set a mean price target forecast of 160.17. This target is 20.33% above the current price.
What's your take on Visa?Comment below
Legal Disclaimer: The information presented in this analysis is solely for informational and educational purposes only and does not serve as financial advice.
Visa ~ The 12 Month Blue Chip Trade Visa - NEO:VISA
Earnings:
Rep: $2.41 EPS ✅ Higher Than Expected
Exp: $2.34 EPS
Revenue
Rep: $8.6B ✅ Marginally Higher Than Expected
Exp: $8.56B
6 - 12 Month Trade
A potential 29% relatively safe return for the 2024 year in this dividend paying, well performing blue-chip stock. c$2.00 per annum dividend per share .
Monthly Chart (left)
✅ Long Term Monthly Trend Intact
✅ Above 10 month moving average
Daily Chart (right)
✅Cup and Handle Breakout
✅Above 200 day aligning with diagonal support
🎯 Target 1 at $330 is where the long term and short term fib extension levels indicated overhead resistance will like be. Taking 80% of the position off the table here would be wise. The Cup and Handle tare may be reached at a much later date after a correction.
🟢ENTRY ZONE: $254
$264 would be ideal but I may enter earlier
❌STOP
The stop should be placed just under the horizontal support line at roughly $249. IF the 200 day or diagonal support is lost exit the trade. Same goes for the 10 month moving average on the long term chart.
Take a tighter stop is its a larger position.
PUKA
VISA: See the excellent levels this strategy offers.Visa has been trading inside a Channel Up pattern but lately with the 1D technicals neutral (RSI = 50.905, MACD = 0.560, ADX = 28.391). This is despite staying on high levels, finding support on the 1D MA50.
As long as this and the Inside HL trendline hold, we are bullish, aiming at the Inside HH (TP = 251.00). If the price crosses below however, it is very likely to see a 1D MA200 test. Don't buy though before the 1D RSI enters the 0.236 - 0.0 Fibonacci Zone, which has been the strongest buy signal when the last two HL levels of the Channel Up formed. As previously, we will again aim at the Inside HH (TP = 252.00).
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Visa has formed a large level double topVisa has formed a large level double top
This figure shows the weekly candle chart of Visa's stock from the end of 2019 to the present. The graph overlays the bottom to top golden section at the beginning of 2020. As shown in the figure, the combination of last week's high point and 2021 high point of Visa's stock has formed a large level double top shape, both of which are suppressed by the 2.618 position of the gold split at the bottom of the figure! This week, the stock of Visa has fallen back to the bottom of the chart, which is 2.382 on the Golden Divide. In the future, this position will serve as the watershed for judging its strength!
Visa to break higher?Visa - 30d expiry
The primary trend remains bullish.
This is curremtly an actively traded stock.
Trading volume is increasing.
235.57 has been pivotal.
A break of the recent high at 235.57 should result in a further move higher.
There is no clear indication that the upward move is coming to an end.
We look to Buy a break of 236.11 (stop at 231.38)
Our profit targets will be 249.78 and 252.78
Resistance: 235.57 / 240 / 250
Support: 228 / 223.50 / 220
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Visa: Vis – à – vis 👀Visa is moving just under the resistance at $235.85 – vis-à -vis with this mark, so to speak. Soon, the share should climb above this level, though, to complete wave b in magenta. This done, it should return below $235.85 and continue the descent below the support at $208.76, dropping into the turquoise zone between $204.28 and $187.10. There, the stock should finish wave 2 in turquoise, whose low should then initiate fresh upwards movement. However, there is a 34% chance that this low could already be established in the form of wave alt.2 in turquoise. In that case, Visa would maintain the upwards momentum.
Visa, Inc. (V)Founded in Foster City, California, by Dee Hock, this American multinational specialises in global payments technology. Its primary aim is to promote digital currencies among consumers, businesses, banks, and governments. Having built its network across 200 countries and territories worldwide, it is a global leader in digital payments. The company offers three different types of cards: Debit cards, Credit cards, and Prepaid cards. It also partnered with Apple in 2014 to introduce a wallet feature to iPhones. The company has various products, such as Visa Electron, Visa Cash, Visa Contactless, mVisa, and VisaCheckout.
V Visa exposure to Russia and UkraineVisa and Mastercard restricted transactions in Russia as aggressive penalties on the country over the invasion of Ukraine.
Around $1.2 billion of Visa Inc.’s annual net revenue comes from Russia and Ukraine.
4% of Visa’s total net revenue comes from Russia and about 1% from Ukraine.
In this case, my price target for the stock is the $187 resistance, while the sell-off area could touch $174 - $183.
Visa on the Way Up? Visa - Short Term - We look to Buy at 217.06 (stop at 208.56)
We look to buy dips. Previous resistance level of 220.00 broken. 50 1day EMA is at 213.50. 20 1day EMA is at 213.00. The bias is still for higher levels and we look for any dips to be limited.
Our profit targets will be 236.42 and 246.98
Resistance: 237.00 / 250.00 / 260.00
Support: 220.00 / 210.00 / 200.00
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Visa Is Starting to Rise Up !Hello everyone, as we all know the market action discounts everything :)
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It looks like Visa Bearish movement has ended when a Breakout of the Descending Channel happened on the 23rd of Sep. after that the stock has started moving sideways with a small edge to the upper direction.
The breakout point has formed what seems to be a solid support level where the market was able to bounce twice from.
The 19th of Oct was a great day for the stock where the market value has jumped from 228.27 to 233.52, a 2,2% increase in 1 day and this bullish push doesn’t seem like it's going to stop yet.
Possible Scenarios for the market :
Scenario 1 :
The market seems to be having a good Bullish momentum at the time this will lead the stock value to push up and hit the resistance level located at 235.14, If the buyers were able to gather more force and breakout that resistance then we will be seeing the price zigzag until it gets to the resistance level located at 247.63.
Scenario 2 :
The Bears might attempt to drive the market back into the descending channel range but they will be met by a big support zone that’s located near the 224.00 range, where a lot of buy power is located, if the Bears were able to drive the price to that level then we will see a big battle where the price will most likely bounce back up and return to Scenario 1 movement.
Technical indicators show :
1) The market is above the 5 10 20 50 100 and 200 MA and EMA (Strong Bullish Sign)
2) The MACD line has crossed the 0 line indicating the market changing from a Bearish state to a Bullish state. With a positive crossover happening between the MACD line and the Signal line
3) The STOCH is in the overbought zone with a positive crossover between the %K and %D
Daily Support & Resistance points :
support Resistance
1) 228.28 1) 232.90
2) 225.90 2) 235.14
3) 223.66 3) 237.51
Weekly Support & Resistance points :
support Resistance
1) 222.71 1) 235.17
2) 214.44 2) 239.36
3) 210.25 3) 247.63
Fundamental point of view :
Large credit card giant Visa is moving into the cryptocurrency space with its own version of credit cards, opening up opportunities for certain large-cap growth ETFs.
With a stake in Visa, ETF investors can play VISA move towards the cryptocurrency space with the Invesco Dynamic Large Cap Growth ETF (PWB).
Indicators point to continued Q4 strength in the domestic air travel recovery, and that's good news for Visa.
The 7-day moving average of U.S. COVID-19 cases, a leading indicator for domestic restrictions and travel, continues to decline since mid-September and Transportation Security Administration screenings as a percentage of 2019 levels improved to 85% from 83% in Evercore's prior Global Air Travel Tracker issue.
This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice.
If you have any questions please ask and have a great day !!
Thank you for reading.
Beautiful Range Setup On VisaEasy calls. You will want to play the breakouts either bottom or top range.
Key levels to watch 201 resistance and 187 support.
Breakout above you will look to hold till the highs of 214 for a nice take profit. Before taking profit at that level see how strong volume is and look for a breakout above. If breakout above hold it.
Break below support of 187 its probably going to be a lot of Distribution setup and dump.
VISA INC chart analysis:On one day chart price is forming new high on the peak.
Below 186.36 confirm bearish.
The price has Strong internal support 186.36 near this level.
The volume declining but though, it has more volume then normal.
As it has a support price can move up.
If the price cross the 202.34 level it can still further move up-to 208.54
Visa booming upAs people all around the world now got stuck inside there home it is obvious that people can’t spend so much and visa stock is going down but as soon as the corona virus outbreak ends,people will start to spend using their visa card and the demand of the visa will sky rocket and perhaps making a new higher high in the technical analysis.