Credit card giant Visa (V) is anticipated to report their latest quarterly figures to shareholders and analysts Tuesday evening. Shares of V have been moving lower the past year in a very choppy trading pattern. Let's check the charts ahead of earnings.
In this updated daily bar chart of V, below, we can see that the declining 200-day moving average line has acted as resistance the past 12 months. Prices have rebounded recently to test the declining 50-day moving average line.
The On-Balance-Volume (OBV) line has been soft the past two months. The Moving Average Convergence Divergence (MACD) oscillator has improved in October but is still not above the zero line.