Solid News

Visa Inc. technical correction in the asset

2/21/2023 2:28 PM

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.

Find Us
Registered Address : Bonovo Road – Fomboni Island of Mohéli – Comoros Union
Sofia, PO Box 1407,14 Flip Kutev Str. Floor 2, Industrial area Hladilnika, Bulgaria
Call Us
+35 924 928 392

Disclaimer 1: Solid ECN Securities LLC and it affiliates does not accept clients from Turkey, United States, and Europe.
Disclaimer 2: 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.
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 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.
Copyright All Right Reserved 2023