New Sell signal · US stocks
Visa slips 1.8%: a 5th straight down week and 4 lower highs on the daily chart
Our view last week
Buyers took back 62% of the volume in the weekly bar, after sellers held 87% a week ago. Price lags behind: Visa stock closes a 4th straight down week, off just 0.2%, and on the daily chart price action prints 4 lower highs, from the 382 area to the 372 area. Money flow has been positive for 17 weeks. Technical analysis of a swing trading position among US stocks, now 12% in profit since the open.
This week's summary
A 5th straight down week and 4 lower highs on the daily chart, from the 377 area to the 370 area: on Visa the slow slide of recent weeks has fired a new Sell signal. Visa stock slips 1.8%, yet it still trades above its 50-week average and 6.5% below its all-time high, with weekly money flow still positive. On our technical analysis the price action makes this a high-risk short for swing trading, and the confirmation week is still open.
IQS Phase
56
ordinary
Signal Strength
31
decline starting to make lower lows
Sizing
REDUCED
Ranking
#88 / 175
New us stocks
Trade P&L %
+0.00%
from signal to date, no stop loss
Visa (V) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 88th among the 175 sell signals for US stocks in our ranking, with a signal strength of 31 out of 100.
Sector context
SectorFinancials
Benchmark ETFXLF
Sector regimeweak phase
Performanceweekly -2.46% · monthly -7.23%
V belongs to the financials sector (reference ETF XLF). The sector is classified weak phase according to our weekly reading.
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