The shares of Visa Inc., the largest American multinational company providing services for conducting payment transactions, are moving in a corrective trend at 223.00.
Yesterday it became known that the current financial director Vasant Prabhu announced his departure on September 30, 2023. The businessman has been working in the corporation since 2015 and, during this time, has taken the most important steps to integrate the payment operator into the global ecosystem. At the moment, the management of the enterprise is actively engaged in the search for a successor.
The recent financial report of Visa Inc. confirms the stability of the company's condition: revenue amounted to 7.9B dollars, which exceeds 7.79B dollars a quarter earlier and 7.7B dollars, analysts predicted. Earnings per share reached 2.18 dollars, more than expected by experts at 2.01 dollars, becoming a record figure for the corporation. The dividend payment date consolidates for March 1, when investors will receive 0.45 dollars per share, corresponding to 0.78% per annum.
On the daily chart, the trading instrument is kept within the global downward channel, getting ready to overcome the support line.
Technical indicators weaken the buy signal, indicating the presence of a correction: the EMA fluctuation range on the Alligator indicator is narrowing, fast EMAs have crossed, and the AO histogram is forming downward bars in the positive zone, approaching the transition level.
Resistance levels: 226.00, 234.00. | Support levels: 218.00, 209.00.