Stocks to Watch: Visa Inc (V:NYSE)

Since the beginning of the year, Visa shares have strengthened by 32.8% due to strong quarterly financial results with an increase in payment volumes and an adjusted operating profit margin of 67%. Last quarter, revenue and net income per share increased by 11% and 14%, respectively, compared to last year’s values. At the moment, the issuer’s quotes are traded at a discount of 4.7% to the July 52-week high.

Over the past week, Visa shares fell by 1.68%. The S&P 500 index fell by 1.43% over the same period.


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RecommendationSELL STOP
Entry Point174.00
Take Profit169.00, 165.00, 160.00
Stop Loss175.65, 179.00
Key Levels165.00, 168.00, 174.00, 180.00, 184.00
Alternative scenario
RecommendationBUY STOP
Entry Point180.10
Take Profit189.00, 194.00
Stop Loss175.00
Key Levels165.00, 168.00, 174.00, 180.00, 184.00

Support and resistance

The company’s shares are moving sideways. There is no unidirectional trend observed. Quotes are testing local support and resistance levels of 174.00 and 180.00, respectively. In the near future, a technical correction of the trading instrument after prolonged growth is not ruled out. Indicators do not give accurate signals: the price has fixed between MA (50) and MA (200); the MACD histogram is near the zero line. It is better to open positions from key levels.

A comparative analysis of the multiples of the company and competing companies in the industry indicates that the instrument is underpriced.


Resistance levels: 180.00, 184.00.

Support levels: 174.00, 168.00, 165.00.

Trading tips

Short positions can be opened after the price consolidates below the level of 174.00. The closing of the profitable positions is possible at the levels of 169.00, 165.00 and 160.00. Stop loss is 179.00.

Long positions can be opened after the price consolidates above the level of 180.00 with the goals of 189.00–194.00. Stop loss is 175.00.

Implementation period: 3 days.

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