Visa Stock Set Ups For Decline (NYSE: V)

Coin

In Visa shares there is a correctional decline of 5.5% from the 52-week high of September 9. Since the beginning of June, the emitter’s quotes grew by 9%. The company announced the closure of the acquisition of Verifi, a technology leader in chargeback.

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Within the previous week, the stock of Visa reduced by 3.00%. S&P500 went up by 0.66% within the same period.

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Support and resistance

The current technical picture indicates a possible correction of the company’s shares after prolonged growth. A classic reversal formation (divergence of the price and MACD indicator) has formed in the trading instrument. At the moment, #V quotes are consolidating in the range of 174.00–180.00. The emitter has the potential to decline.

Indicators don’t give a clear signal: the price has consolidated below MA(50) and MA(200); MACD histogram has consolidated in the negative zone. Positions are to be opened from key levels.

mifinance

Comparing company’s multiplier with its competitors in the industry, we can say that #V shares are undervalued.

Support levels: 174.00, 168.00, 165.00.

Resistance levels: 180.00, 187.00.

Trading tips

If the price consolidates below the support level of 174.00, #V may correct. Potential profits should be locked in by orders at 168.00, 162.00, and 157.00. Stop loss – 180.00.

If the price consolidates over 180.00, one should consider buying the company’s shares. The target movement level will be 190.00–195.00. Stop loss – 174.00.

Implementation period: 3 days.

Visa Inc. operates. as a payments technology company worldwide. The company facilitates commerce by transferring value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables them to authorize, clear and fix payment transactions; and provides fraud protection to account holders and ensures payment to purchasers. In addition, the company provides card products, as well as value-added services. It provides its services under the brands of Visa, Visa Electron, Interlink, PAY, V and PLUS. Visa Inc. was established. in 1970 and has its headquarters in San Francisco, California.

Jul-19-19ReiteratedBarclaysOverweight$181 → $195
May-02-19ResumedGoldmanBuy$188
Jan-29-19InitiatedJefferiesBuy
Jul-24-18ResumedRaymond JamesOutperform
May-18-18InitiatedUBSNeutral
Mar-28-18InitiatedBernsteinOutperform
Jan-29-18ReiteratedCitigroupBuy$136 → $145
Jan-12-18ReiteratedCitigroupBuy$124 → $136
Oct-13-17InitiatedStephensOverweight$125
Oct-11-17UpgradeWells FargoMarket Perform → Outperform
Oct-02-17InitiatedBuckingham ResearchBuy$129
Sep-29-17InitiatedCantor FitzgeraldOverweight$120
Jul-21-17ReiteratedInstinetBuy$105 → $120
Jul-18-17ReiteratedJefferiesBuy$104 → $112
Apr-21-17ReiteratedRBC Capital MktsOutperform$97 → $98
Feb-15-17InitiatedLoop CapitalBuy$98
Feb-03-17ReiteratedStifelBuy$93 → $105
Jan-20-17UpgradeWedbushNeutral → Outperform$77 → $96
Dec-15-16UpgradeBofA/MerrillNeutral → Buy
Dec-05-16UpgradeGuggenheimNeutral → Buy
IndexDJIA S&P500P/E35.26EPS (ttm)5.00Insider Own0.10%Shs Outstand2.18BPerf Week-3.00%
Market Cap384.19BForward P/E28.11EPS next Y6.27Insider Trans-8.25%Shs Float1.72BPerf Month-0.09%
Income11.48BPEG2.22EPS next Q1.43Inst Own96.40%Short Float1.58%Perf Quarter3.86%
Sales22.27BP/S17.25EPS this Y58.30%Inst Trans-0.35%Short Ratio4.04Perf Half Y13.65%
Book/sh13.53P/B13.02EPS next Y15.95%ROA16.30%Target Price201.33Perf Year19.29%
Cash/sh5.12P/C34.37EPS next 5Y15.87%ROE39.70%52W Range121.60 – 187.05Perf YTD33.48%
Dividend1.00P/FCF42.22EPS past 5Y18.50%ROI23.20%52W High-6.08%Beta0.96
Dividend %0.57%Quick Ratio1.70Sales past 5Y11.80%Gross Margin52W Low44.47%ATR3.64
Employees17000Current Ratio1.70Sales Q/Q11.50%Oper. Margin65.90%RSI (14)44.28Volatility1.89% 1.67%
OptionableYesDebt/Eq0.00EPS Q/Q36.40%Profit Margin51.50%Rel Volume0.75Prev Close176.11
ShortableYesLT Debt/Eq0.57EarningsOct 22 AMCPayout18.40%Avg Volume6.76MPrice175.68
Recom1.80SMA20-2.06%SMA50-1.84%SMA20010.76%Volume2,916,613Change-0.25%
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