• Subscribe
  • Log In
  • Home
  • Daily Diary
  • Asset Class
    • U.S. Equity
    • Fixed Income
    • Global Equity
    • Commodities
    • Currencies
  • Sector
    • Basic Materials
    • Consumer Discretionary
    • Consumer Staples
    • Energy
    • Financial Services
    • Healthcare
    • Industrials
    • Real Estate
    • Technology
    • Telecom Services
    • Transportation
    • Utilities
  • Latest
    • Articles
    • Video
    • Columnist Conversations
    • Best Ideas
    • Stock of the Day
  • Street Notes
  • Authors
    • Bruce Kamich
    • Doug Kass
    • Jim "Rev Shark" DePorre
    • Helene Meisler
    • Jonathan Heller
    • - See All -
  • Options
  • RMPIA
  • Switch Product
    • Action Alerts PLUS
    • Quant Ratings
    • Real Money
    • Real Money Pro
    • Retirement
    • Stocks Under $10
    • TheStreet
    • Top Stocks
    • TheStreet Smarts
  1. Home
  2. / Investing

Taking a Quick Swipe at Visa Shares

V reports their latest quarterly numbers Tuesday after the close.
By BRUCE KAMICH
Apr 25, 2022 | 11:38 AM EDT
Stocks quotes in this article: V

Financial services firm Visa ( V) is scheduled to report their latest quarterly numbers on Tuesday after the close of trading. While I have no knowledge of what they are going to report, I do have an opinion on the direction of their stock price. Let's check. 
 
In this daily bar chart of V, below, we can see that prices have been in a choppy but largely sideways trading range for the past six months. Looking back a year we can see that prices have lost ground. Selloffs in recent months have been sharp and steep. Prices are trading below the declining 50-day moving average line and below the declining 200-day line.
 
The On-Balance-Volume (OBV) line is down from late July but has not made a new low in recent months. The Moving Average Convergence Divergence (MACD) oscillator is crossing below the zero line for a new outright sell signal. 
 
 
In this weekly Japanese candlestick chart of V, below, we can quickly see upper shadows at the top of each rally failure in the past few months. One large upper shadow can be seen on the most recent candle pattern. The slope of the 40-week moving is negative.
 
The weekly OBV line is weak and pointed down. The MACD oscillator is bearish. 
 
 
 
In this daily Point and Figure chart of V, below, we can see a potential downside price target of $187. 
 
 
 
In this weekly Point and Figure chart of V, below, we can see a price target in the $141 area. 
 
 
 
Bottom line strategy: I use my Visa credit cards often but that does not move the needle enough and the stock price looks like it will retest the early December/March lows. Avoid the long side. 
Get an email alert each time I write an article for Real Money. Click the "+Follow" next to my byline to this article.

Employees of TheStreet are prohibited from trading individual securities.

TAGS: Investing | Stocks | Technical Analysis | Trading | Financial Services | E-Commerce | Earnings Preview

More from Investing

The Chasing Slows on Wall Street

James "Rev Shark" DePorre
Mar 24, 2023 4:34 PM EDT

After Deutsche Bank shakes up investors, market cools a bit, which might be a healthy development.

Stay Away From These Types of Stocks, They're Radioactive

Jim Collins
Mar 24, 2023 2:35 PM EDT

Here's what you're better off buying. I certainly have.

GE Looks Poised for a Pullback: How to Trade It Now

Bruce Kamich
Mar 24, 2023 1:45 PM EDT

The shares stopped short of my price targets.

See SPOT Run ... Down

Bruce Kamich
Mar 24, 2023 1:23 PM EDT

Spotify looks like it is poised for a downside price correction, according to the charts.

Expedition Everest RE: Let's Scale the Reinsurer's Charts

Bruce Kamich
Mar 24, 2023 12:35 PM EDT

Share prices quickly turned lower in March.

Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation. If you have questions, please contact us here.

Email

CANCEL
SUBMIT

Email sent

Thank you, your email to has been sent successfully.

DONE

Oops!

We're sorry. There was a problem trying to send your email to .
Please contact customer support to let us know.

DONE

Please Join or Log In to Email Our Authors.

Email Real Money's Wall Street Pros for further analysis and insight

Already a Subscriber? Login

Columnist Conversation

  • 01:56 PM EDT PETER TCHIR

    Very Cautious

    I am very cautious here. I don't like how the c...
  • 08:58 AM EDT JAMES "REV SHARK" DEPORRE

    This Weekend on Real Money

    How to Adjust Your Trading Style as Market Conditi...
  • 05:00 PM EDT CHRIS VERSACE

    AAP Podcast on the Fed Decision!

    Listen here!
  • See More

COLUMNIST TWEETS

  • A Twitter List by realmoney
About Privacy Terms of Use

© 1996-2023 TheStreet, Inc., 225 Liberty Street, 27th Floor, New York, NY 10281

Need Help? Contact Customer Service

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data & Company fundamental data provided by FactSet. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by FactSet Digital Solutions Group.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

FactSet calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.

Compare Brokers

Please Join or Log In to manage and receive alerts.

Follow Real Money's Wall Street Pros to receive real-time investing alerts

Already a Subscriber? Login