Important Stocks To Watch - Breakout Stocks/ Important Developments

Long Term Breakouts To Watch

Stocks At 50 MA & 200 MA

Visa Stock, V - Technical Analysis Of Visa

Technical analysis of Visa stock. A look at its trends and support and resistance.

Visa is a stock that has been a steady gains over the years. With the increase usage of credit cards this is a stock that is good for accumulation in the times when it is oversold.

October 18 2021

At this moment, Visa stock is at an important juncture. It is now sitting at the important rising 200 MA. A rising 200 day moving average is often a place where one can accumulate a S&P 500 stock.

It looks like Visa is finding support at the rising 200 MA. There is a possible triangle pattern. If Visa breaks above the downtrend line, then it it is possible for it to move higher. A possible bullish cross where the 20 MA crosses back above the 50 MA is possible. If that happens, then it can help Visa to move higher.

What is interesting in the weekly chart of Visa is that it is now sitting at an area of long term strong support. The top of the resistance which Visa broke out of is now a support area. Visa is also sitting at the weekly 50 MA.

The last two times that Visa met the weekly 50 MA, it found support. So, this time it could find support there as well. The stock is in a long term uptrend and therefore there is a possibility that it can go up higher.

Recently for the past 3 weeks it made a weekly bottoming tail. This could be a strong signal that it rejects to go lower. If Visa is able to move above the highs of all 3 bottoming tails then it can indeed go higher.

  • Help support this page and press the Facebook Like button below. Thanks!

Join Dstockmarket's Facebook Page 

Recent Articles

  1. Stock Market Analysis May 2022

    May 30, 22 07:20 AM

    What is the market doing and what is it likely to do?

    Read More

  2. April 2022 Stock Market Analysis

    Apr 27, 22 09:01 AM

    As we enter April, will we continue to move higher or will there be a correction coming?

    Read More

  3. Technical Analysis Of AAPL : Making Sense Of Apple's Stock Price

    Apr 13, 22 11:46 PM

    Apple is one of those stocks that we should look at almost every day. The reasons is because it is a component of the Dow Jones, the S&P 500 and the Nasdaq.

    Read More

  4. Stocks At Their 50 MA And 200 MA

    Apr 12, 22 09:38 AM

    Here are a list of stocks that are at their 50 MA and 200 MA. The 50 day moving average and 200 day moving average can be a support area where stocks bounce off

    Read More

  5. Stocks To Watch - Important Developments

    Apr 12, 22 09:34 AM

    Here are a list of stocks that have broke out or about to break out. Breakout stocks can often give us a good reward to risk ratio.

    Read More

New! Comments

Have your say about what you just read! Leave me a comment in the box below.