#v $V277.50 Above trendline breakout possible
281 above very strong
288 can test
if market reverse from here strong move possible
V trade ideas
Market Rundown for Friday 6.21.2024A little volatility in the markets and some head fakes on financial sector breakouts. Let me know what you think of my trading journal videos.
Visa Inc. on the Brink.In today's analysis, we delve deep into Visa Inc. (NYSE: V), examining its recent price action, technical indicators, and the latest news that might shape its future trajectory. With the stock hovering around $270.66, we will explore whether this is a prime opportunity for a long or a short position and establish critical levels for entries and exits.
Visa Inc.'s current price of $270.66 positions the stock near a critical support zone. Over the past few weeks, the stock has experienced heightened volatility, struggling to break above the $275 resistance while finding support around the $265-$268 range. The latest candlestick patterns suggest a bearish engulfing, which indicates potential downward momentum in the short term.
The moving averages paint a mixed picture. The stock is trading below its 10, 20, and 30-day Exponential Moving Averages (EMA), which align around $272.94, $273.68, and $274.13, respectively. This confluence of resistance suggests a bearish bias in the short term. The 50-day Simple Moving Average (SMA) at $274.56 and the 100-day EMA at $272.44 both highlight the struggle to maintain bullish momentum above these levels. Long-term averages, including the 200-day EMA at $263.75, provide a lower boundary of support, indicating potential downside protection.
Several oscillators, including the Relative Strength Index (RSI) at 43.04, hover in the neutral zone, not providing a definitive signal. However, the Awesome Oscillator and MACD show bearish trends, further reinforcing the short-term bearish outlook. The Stochastic RSI (32.19) is slightly below the midpoint, suggesting there might be a slight upside before a potential continuation downward.
Recent volume analysis reveals an average trading volume of 7.30M, with spikes during sell-offs, indicating that the bears are currently more active. The volume trends support the view that Visa might face challenges breaking higher without a significant catalyst.
Visa’s earnings report is due in 36 days, with an expected EPS of $2.42 and revenue projections at $8.92 billion. Historically, Visa has beaten earnings estimates, which could provide a bullish argument post-earnings if the company continues this trend. However, the upcoming report will be critical in providing further direction.
Visa boasts a robust free cash flow, with the latest quarter showing $4.54 billion, an increase of 17.56% year-over-year. This solid cash flow supports its ongoing dividend payouts, currently yielding 0.74%. Despite these strong fundamentals, the market's focus remains on its near-term technical performance.
Recent news highlights Visa’s initiatives to enhance its offerings, like the expansion of its SavingsEdge program for small businesses. However, macroeconomic concerns, including potential interest rate hikes and consumer spending trends, continue to weigh on market sentiment. Visa's performance, closely tied to consumer spending, might face headwinds if economic conditions tighten.
Short-Term Bearish Bias:
Given the current technical setup and the bearish indicators across multiple time frames, the stock appears poised for further downside in the short term. The bearish engulfing pattern, combined with resistance from moving averages, suggests that a retracement towards the lower support at $263.75 (200-day EMA) is plausible.
Entry Points:
Long Position: Consider entering a long position if Visa breaks and sustains above $275, with the next target at $281 (R1 pivot). A break above this level would indicate a resumption of the bullish trend.
Short Position: A short position can be initiated if Visa drops below $265 with a target of $263.75 initially. Further downside could see the stock testing the S2 pivot at $257.90.
Stop Loss:
Long Position: Place a stop loss at $270 to minimize potential losses if the stock fails to maintain its upward momentum.
Short Position: Set a stop loss at $273 to protect against a reversal above the short-term moving averages.
Price Targets:
Bullish Target: $281 in the short term if bullish momentum returns.
Bearish Target: $257.90 if the stock continues to slide, breaking below the 200-day EMA.
Visa Inc. stands at a critical juncture. The technical indicators favor a bearish stance in the short term, yet the upcoming earnings and solid fundamentals provide potential for a bullish reversal. Traders should monitor key levels closely and be prepared to pivot their strategies based on Visa’s price action and broader market dynamics.
V GETTING READY TO PIVOTV hit the 1.236 extension back in March and has been in a choppy pullback since. The weekly RSI suggests we are still in the greater degree wave three, which would make the current pullback wave four of three. That said, we are targeting between 262 and 254 for the wave four of three pullback.
Resistance Entry point and resistance level analyzed by the study can be followed as per the direction of this analysis, with the aim of profit-taking as depicted in the figure
"Investors should understand the nature of the product, return conditions, and risks before making investment decisions."
BUY VISA Investing differs from trading as it focuses on long-term growth and sustainability of assets rather than quick gains. An investment idea involves committing money to ventures, projects, or assets expected to grow in value over time, such as stocks, bonds, or real estate.
Investing requires understanding the fundamental factors that drive growth and stability. It involves detailed analysis of opportunities, like evaluating a company's financial health and potential for innovation, to minimize risk and maximize long-term gains.
The #1 Reason To Buy This StockVisa is a company that is very popular in the financial services
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Resistance and support This picture indicates potential profit-taking points, both on the uptrend and the downtrend. However, there might be more opportunities in the downtrend direction. We can analyze this based on the graph and anticipated price movements because the RSI has crossed below the 30 line and the EMA has crossed over.
$V is for VISAWith the bear market at hand people are definitely wondering when its going to end
so i've made a forecast of where to potentially expect the end for visa's down trend
as well as what to expect from its recovery which have been labelled by the yellow price range's
that being said i am going to list stocks i expect to outperform Visa as well as
stocks with a quicker recovery potential
INDUSTRY: CREDIT SERVICES
COUNTRY: USA
MY PICKS ABOVE 15% average returns
1. $V 62%-104%
2. $SNFCA 28-50%
3. $ORCC 8%-12%
4. $NNI 41-51% if structure is justified
5. $RM 100% +++
6. $FCFS 33%-52%
7. $COF when it recovers
8. $OMF 125%-219%+ ON RECOVERY
9. $PYPL 170%-323% ON RECOVERY
10. $SYF 123%-217%
11. *$ALLY 102%-193% ON RECOVERY
12. $WRLD 237%-391% on recovery
13. if $UPST doesn’t crash 500%-1000% gain rather the gamble and this will work once structure has justified itself
last i did this was for energy stocks to outperform $DVN cut my list short this time though
If this was helpful leave a like so i know im helping someone
SENNA SEASON
Resistance and RSIThe resistance direction for Visa stock can be determined by looking at profit-taking points at resistance levels and the RSI indicator line, as shown in the image.
V quality stockGood volume coming back, with money flow and momentum in the right direction. Watch it.
MoneyHash Partners With Visa to Foster Secure Payment ExperienceMoneyHash, a prominent player in the payments and revenue operations sector in the Middle East and Africa, has announced its partnership with Visa, a global leader in digital payments. This collaboration aims to deliver secure and enhanced digital payment experiences to their customers, empowering them to enhance their payment infrastructure and ensure secure, fast, and reliable payment experiences. The partnership will allow MoneyHash to access Visa's extensive suite of digital payment solutions, including network tokenization, as well as leverage Visa's global reach, capabilities, and security.
This collaboration marks a significant leap in MoneyHash's journey, as it addresses the key challenges that businesses face in the realm of digital payments. These challenges range from the prolonged efforts required to integrate with multiple payment providers, to tackling issues like low conversion rates, payment failures, inefficient payment flows, and mitigating fraudulent activities. By streamlining these critical processes, MoneyHash empowers businesses to not only overcome operational hurdles but also to focus on their core growth and expansion strategies.
Visa ( NYSE:V ) is thrilled to work with innovative platforms like MoneyHash, which contributes to the growing move to digital through providing a simplified process. The partnership aims to empower partners with the tools and resources necessary to provide secure and seamless payment solutions.
From a technical perspective, Visa Inc. (NYSE: NYSE:V ) stock closed Friday's trading session up 0.79% with a Relative Strength Index (RSI) of 62.84 which is slightly overbought. The stock is trading above the 200, 100 and 50- day Moving Averages (MA) respectively.
Visa (V) With weekly time-frame analysis, Visa is experiencing a bearish downtrend that will go down around the $260 mark. However, my analysis suggests that this trend is likely to be followed by a last bullish leg that could take the stock price to over $300.
Visa ($V) Drives Dow Higher Amidst Trading Low by 1.45%Visa Inc. (NYSE: NYSE:V ) emerged as a beacon of strength in the stock market, propelling the Dow Jones Industrial Average alongside Boeing (NYSE: BA) following its robust quarterly results. Analysts responded with enthusiasm, hiking their price targets on Visa stock as they anticipate accelerated growth in the coming quarters.
Visa's stellar performance in its latest earnings report showcased a 20% surge in adjusted earnings to $2.51 per share, surpassing analyst expectations. Net revenue climbed 10% to $8.78 billion, driven by an 8% increase in payments volume, an 11% rise in processed transactions, and a remarkable 16% growth in cross-border payments volume.
CEO Ryan McInerney attributed Visa's success to "stable" consumer spending, underscoring the resilience of the company's business model amidst challenging market conditions.
For the third quarter, Visa ( NYSE:V ) provided bullish guidance, expecting low double-digit net revenue growth and operating expense growth in the low teens. Earnings per share growth is forecasted to be at the "high end" of a low double-digit gain, indicating strong momentum moving forward.
Maintaining its full-year outlook, Visa ( NYSE:V ) anticipates net revenue and operating expense growth in the low-double digits, with earnings per share growth in the low teens. Wall Street analysts are bullish on Visa's prospects, with forecasts predicting a 13% jump in adjusted earnings for 2024 and a 9.9% revenue growth.
In response to Visa's impressive performance and optimistic guidance, several research firms raised their price targets on Visa ( NYSE:V ) stock. RBC Capital highlighted the durability of Visa's business model and the potential for acceleration in the second half of the year, raising its price target to $315. UBS predicts strong organic net revenue growth and increased its price target to $325, while Wedbush raised its target to $300, maintaining an outperform rating on the stock.
Visa ( NYSE:V ) stock surged 2.5% in early Wednesday trading, signaling a potential move above its 21-day exponential moving average. With shares poised for a rebound above their 50-day line, investor confidence in Visa's growth trajectory remains strong.
As Visa ( NYSE:V ) continues to drive innovation and capture market opportunities, investors are optimistic about the company's ability to deliver sustained growth and value creation in the dynamic payments industry.
Visa's Strong Earnings Amidst Rising Consumer Debt ConcernsIn the wake of Visa Inc.'s impressive fiscal second quarter 2024 results, with net revenue soaring by 10% and payments volume surging by 8%, investors have been quick to celebrate what appears to be a positive indicator for the economy. However, a deeper dive into the current state of consumer credit card debt reveals a more troubling narrative.
According to recent data from the Federal Reserve Bank of New York, Americans' total credit card balance has ballooned to a staggering $1.129 trillion in the fourth quarter of 2023, marking the third consecutive quarter where balances have surpassed the $1 trillion mark. This surge in debt, totaling $273 billion since the fourth quarter of 2021, is fueled by record-high interest rates, persistent inflation, and various other economic factors.
Visa's robust earnings report, highlighting a notable increase in transactions and payment volume, may actually reflect consumers falling deeper into debt to maintain their spending habits. While stable consumer spending is touted as the driving force behind Visa's success, it may be masking the reality that many Americans are relying on credit cards to make ends meet, rather than indicating genuine economic prosperity.
The historical trend of credit card debt growth, characterized by a "hockey-stick" pattern followed by sharp declines during economic crises, underscores the precarious nature of the current situation. As credit card balances continue to climb, the risk of a similar economic downturn looms large. If consumers are unable to pay off their debts, they may be forced to cut back on spending, potentially leading to a slowdown in economic growth.
While Visa's strong earnings may be cause for short-term celebration among investors, they should be viewed with caution. The underlying growth in consumer credit card debt suggests that the economy may be on less stable footing than Visa's numbers would imply. As such, it's crucial for investors to consider alternative investment options that can weather potential economic storms.
As Visa's fiscal Q2 results beat market expectations and management issues upbeat guidance for the future, it's imperative for investors to remain vigilant and consider the broader economic context. Visa's success may not be as indicative of economic health as it initially seems, and prudent investors would do well to heed the warning signs of a growing consumer debt crisis.
In conclusion, while Visa's earnings report may paint a rosy picture on the surface, the underlying reality of mounting consumer debt warrants a more cautious approach from investors. As the economy navigates uncertain waters, it's crucial to prioritize investments that can withstand potential downturns and provide stability in turbulent times.
4/23/24 - $V print4/23/24 - $vrockstar - well priced, probably beats, defn not a short. or a short upton a pop. 4% yield for a duopoly is not worth betting against. 25x 2024 EPS of $1 is about $250 and realistically this mkt will want to pay 30-35x for this which means it's actually probably a buy, disgusting but just not worth the "alpha"
VISA CALLThe price plateaued on a daily support zone and is already giving strong trend reversal signs. Will the price retest ATH one more time or will it keep ranging between 275-285? Regardless, the price is in relatively good buy zone.
Visa Inc. (V) Technical AnalysisOverview:
The technical chart of Visa Inc. reveals a confluence of bearish signals across multiple indicators and timeframes. Despite this, certain elements offer a glimmer of optimism for bulls seeking a trend reversal. Below, we delve into a detailed analysis of the price action and technical indicators, setting speculative price targets for traders to consider.
Price Action & Fibonacci Levels:
As of the latest session, Visa's shares are trading below the pivotal 200-period moving average on the 4-hour chart, a traditionally bearish signal indicating a possible continuation of the downtrend. The price is presently interacting with the Fibonacci retracement level of 0.236 ($267.4), having breached below the 0.382 level ($283.5), suggesting that the stock is struggling to maintain its previous bullish momentum.
A potential downside target lies at the next Fibonacci level of 0.618 ($217.17), should the bearish momentum persist. Conversely, a bullish scenario would necessitate a decisive close above the 0.382 retracement level, potentially targeting the recent peak around the 0.236 level as an initial objective.
Ichimoku Cloud:
The Ichimoku Cloud, or Ichimoku Kinko Hyo, indicates a bearish trend, with the price trading below the cloud. The Tenkan-sen and Kijun-sen lines are trending downward and may soon cross, reinforcing the bearish outlook. A sustained move above the cloud would be required to invalidate this bearish bias.
Moving Averages:
The 50-period and 200-period moving averages indicate a 'death cross' has occurred, where the 50-period moving average crosses below the 200-period moving average, heralding a potential long-term downtrend.
Volume:
The On-Balance Volume (OBV) shows a slight divergence from the price action, as it has not made new lows with the price. This could suggest underlying strength and the potential for a bullish reversal if buying volume increases.
Oscillators:
The Relative Strength Index (RSI) is hovering just above the oversold territory, with a current value of 35.44. While this suggests the stock is nearing oversold conditions, it does not rule out further declines before a rebound occurs.
The Moving Average Convergence Divergence (MACD) remains in bearish territory, with the MACD line under the signal line. However, the histogram shows diminishing bearish momentum, which could presage a potential bullish crossover in the near term if buying pressure increases.
Conclusion & Speculative Price Targets:
Visa's stock presents a bearish picture at the current juncture. Traders with a bearish outlook might consider short positions, targeting the $217.17 level, corresponding with the 0.618 Fibonacci retracement. A stop-loss could be set above the recent swing high to mitigate risk.
Bulls, on the other hand, will be looking for a confirmed break above the 0.382 Fibonacci level with increased volume as a sign to enter long positions. The initial bullish target would be a retest of the $283.5 resistance, followed by a possible rally towards the $300 psychological barrier.
It's worth noting that upcoming earnings reports and macroeconomic factors could significantly influence the stock's trajectory. As such, traders should stay abreast of news and be prepared to adjust their strategies accordingly.
VISA BABYFor 6 years it has been a long long baby baby overall. 2022 was a downtrend. 2023 was a lot of sideways chop but still made gains. and now in 2024 a new base may be formed. I imagine the $260-$250 price will be heavily contested!! This has been a long forever since 2015 and beyond.
Visa Inc. In the financial sector, Visa Inc., a leader in digital payments globally, is getting closer to a critical support area and appears to be headed for possible decline. since Visa's shares approach this pivotal level, investors and experts are keeping a careful eye on it, since it may signal a change in market mood. In the days ahead, a number of factors could affect Visa's trajectory, including: company-specific developments, regulatory changes, and economic conditions. It is recommended that traders use caution and be up to date on important market indications in order to properly manage any potential volatility. Stakeholders will be keenly monitoring Visa's actions as it gets closer to this critical service area in order to gain insights into the larger financial landscape.
Visa (V): Bullish Momentum in the Financial SectorVisa (V): NYSE:V
Visa, a key player in the financial sector, is currently in the overarching cycle of Wave (5). It appears we've concluded Wave (4) at $174.60 and are on the path to finalizing Wave (5). However, this process will take some time, as we are now in a subordinate Wave 3, which is on the verge of completing a circled subordinate Wave ((iii)).
Consequently, Wave ((iv)) is likely next. While a rise to the maximum of $310.50 is possible, we anticipate a sell-off in the coming days for Visa, potentially down to $260 or even $243. Anything below this range would be excessively deep. This range should mark a potential turning point for Visa for Wave ((v)) or 3. We're closely monitoring the situation and will place a limit order upon observing any weakness.
On a daily timeframe, we are in the middle of the Wave 3 in red and are still bullish.
VISA Short-term correction. Know where to buy.Visa (V) has been trading within a long-term Channel up pattern since the October 13 2022 Low. The 1D MA50 (blue trend-line) has been in support of the latest Bullish Leg since November 02 2023, so there is a long-time that the stock hasn't given a healthy pull-back for medium-term buying.
This has come in the past in the form of an approximately -8.00% correction, particularly when the 1D RSI posts a Bearish Divergence, i.e. trades within a Channel Down while the stock is within a Channel Up.
As we are currently on such a Bearish Divergence since January 25, we expect a technical pull-back soon, thus turning bearish and targeting the 1D MA100 (green trend-line) at $270, where we will start buying again for the medium-term.
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I'm buying V calls!Visa has been in a sustained uptrend. Recently, it's established an even steeper uptrend! Couple that with the fact that it has a history of running UP into earnings (an average of 3.75%) and options volatility is at a near all-time low... sounds like the reasons are stacking up in favor of buying calls and riding them into earnings!
