Visa Inc. closed at $219.27 after gaining 0.91% yesterday

26.02.2022

By Axiory Intelligence

A quick look at yesterday: after ending Thursday at $217.3, Visa Inc. went up to $220.68 only to drop back, yet still traded well overall and closed at $219.27 yesterday.

• The trading volume was 8.26 million which was slightly under the daily average of 9.97 million.

Yesterday's closing bell ended a trading session during which the Dow had a great day, having jumped by 834.92 points (2.51%). November 2020 was the last time it performed this good in one day. While Visa Inc. had a good day and increased by 0.91%, Financial Services stood out with its 1.37% increase.

The company has a market cap of $471.89 billion and an average daily volume of 9.97 million; the multinational financial services company has lost 0.98% this year. So far, it has been better than the Dow by 6.62%. $7 billion was Visa Inc.'s last reported revenue with $1.81 being the current EPS.

Trend indicators show us that at $218.73, Visa Inc. made an initial breakout above 50 day Simple Moving Average, an indication of a positive trend. Asset volatility analysis shows that Visa Inc.'s lower Bollinger band is at $216.38, indicating further gains might be next. A study of Visa Inc.'s chart pattern shows the nearest resistance level is at $235.42. Despite this, the CCI indicator is below -100. When the CCI (Commodity Channel Index) is at this level it means the price is below the average price as measured by the indicator, indicating a possible start of a new downtrend.

Overall, looking at the technical analysis landscape, it seems Visa Inc. likely to continue pointing upward in the short term.

A look at other financials stocks also showed green moves as Berkshire Hathaway made its largest single-day jump 3.56% ($10.96) since March 2021. PayPal was up 5.64%. HSBC Holdings was up 3.96%.

Back