Visa, trade in management
Visa +2.9%: ADX climbs to 24 as the bounce off the 20-day average strengthens the trend
Visa, trade in management
Our view last week
Visa shares slip 0.8% after last week's bounce, but the double bottom in the 322 area holds and ADX climbs to 22.6: the trend is gaining conviction. Underneath, though, volume is cooling and buyer dominance is fading. This week's technical analysis flags a trade that's now mature, in its 12th week and up 8.45% since entry, with earnings due this very week.
This week's summary
Visa bounces off its daily 20-day moving average and closes the week up 2.9%, with the weekly ADX climbing to 24 and the trend gaining conviction. Buyers retake control at the lows, with 88.9% of daily volume on their side. The trade is up 11.61% since entry, in its 13th week.
IQS Phase
82
in tension / maturity
Signal Strength
20
low · fading
Sizing
MINIMUM
Ranking
#115 / 120
US stocks in progress
Trade P&L %
+11.61%
from signal to date, no stop loss
Rank position
ranks 115th among the 120 Longs already running for US stocks in our ranking, with a signal strength of 20 out of 100.
Sector context
SectorFinancials
Benchmark ETFXLF
Sector regimein strong phase
Performanceweekly +1.12% · monthly +3.94%
V belongs to the financials sector (reference ETF XLF). The sector is classified in strong phase according to our weekly reading.
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