Visa trapped in a hesitant place - Analysis - 03-08-2022
2022-08-03 11:56:49 GMT
(Economies.com)
Visa's stock (V) declined in the intraday levels after major investors called for the credit card giant to present payment services to Pornhub, sending the stock down 2.41%, or 5.10 points, and settling at 206.26, with trading volumes surpassing 10 million shares, above 10-day averages of 7.3 million shares.
The stock is trading alongside the short-term downward trend line, with negative signals from the RSI, leaning thereafter on the 50-day SMA.
Therefore we expect more losses for the stock, targeting the pivotal support of 190.10, provided the resistance of 217.60 holds on.
Expected trend for today: Bearish
| Symbol | Last | Change | Chg.% | ||
|---|---|---|---|---|---|
|
|
|
1.0265
|
0.0067
|
0.6597%
|
|
|
|
|
1.2139
|
0.0022
|
0.1816%
|
|
|
|
|
20.583
|
0.219
|
1.075%
|
|
|
|
|
92.262
|
3.784
|
4.277%
|
|
|
|
|
97.88
|
-1.74
|
1.75%
|
|
|
|
|
1796.970
|
15.295
|
0.859%
|
|
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