Dashboard

Solid News

Visa Inc. Market Update

11/17/2022 3:38 PM

The shares of Visa Inc., the largest US multinational company providing payment services, are correcting around 210.00.

The issuer has yet to assess possible reputational losses after the bankruptcy of the FTX cryptocurrency exchange, with which management signed an agreement a month ago to issue debit cards with support in 40 countries around the world. Now it is unknown at what stage the project was implemented and the volume of its financing, but the situation dealt a huge blow to the entire sector of the crypto industry, into which leading payment services are actively trying to integrate. FTX representatives announced a balance sheet deficit of more than 10.0B dollars earlier.

In turn, the financial report of Visa Inc. recorded an increase in revenue to 7.79B dollars from 7.28B dollars a quarter earlier, while earnings per share amounted to 1.93 dollars, exceeding analysts' forecasts of 1.87 dollars.


On the daily chart, quotes are held within the global downward channel, preparing to break the resistance line.

A stable buy signal from technical indicators continues to operate: the range of fluctuations of the EMA on the Alligator indicator expands upwards, and the histogram of the AO oscillator, trading in the positive zone, forms new upward bars.

Support levels: 203.50, 192.00. | Resistance levels: 213.00, 228.00.

Find Us
Registered Address : Bonovo Road – Fomboni Island of Mohéli – Comoros Union
Physical address: Oasis Moroni,RN1 bureau No 03 Rez-de-chaussée, Comoros Union
Mail Us
[email protected]
Call Us
+269 320 20 60


Risk Warnings
Solid ECN Securities LLC offers trading on Foreign Exchange (‘Forex’ or ‘FX’) and Contracts for Difference (‘CFDs’), which are complex financial products that are traded on margin. They carry a high level of risk since leverage can work both to your advantage and disadvantage. As a result, these products may not be suitable for all investors, as loss of all invested capital may occur. You should not risk more than you are prepared to lose. Before deciding to trade, you need to ensure that you understand the risks involved and consider your investment objectives and level of experience. Seek independent advice, if necessary.
Solid ECN Securities LLC does not issue advice, recommendations or opinions in relation to acquiring, holding or disposing of a CFD. Solid ECN Securities LLC is not a financial advisor and all services are provided on an execution-only basis. This communication is not an offer or solicitation to enter into a transaction and shall not be construed as such.
This website is not directed at any jurisdiction and is not intended for any use that would be contrary to local law or regulation.
By using solidecn.com you agree to use our cookies to enhance your experience.
Solid ECN Securities LLC is authorized and regulated by the Comoros Union with reference number HY00623411.
Disclaimer 1: The information provided on this site is not intended for residents of any country or jurisdiction where its distribution or use would violate local laws or regulations.
Disclaimer 2: Solid ECN Securities LLC and it affiliates does not provide services to residents of the USA, Japan, Canada, Australia, the Democratic Republic of Korea, European Union, United Kingdom, Iran, Syria, Sudan and Cuba.
Copyright All Right Reserved 2025 SolidECN.com