VISA INC.: BARCLAYS BANK EXPERTS HAVE CONFIRMED THE COMPANY'S RATING AT THE "OVERWEIGHT" LEVEL
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY STOP |
| Entry Point | 282.05 |
| Take Profit | 291.00 |
| Stop Loss | 275.00 |
| Key Levels | 266.00, 275.00, 282.00, 291.00 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 274.95 |
| Take Profit | 266.00 |
| Stop Loss | 281.00 |
| Key Levels | 266.00, 275.00, 282.00, 291.00 |
Current trend
Shares of Visa Inc., the largest American multinational company providing payment transaction services, are adjusting at 278.00.
Like MasterCard Inc., Visa Inc. may face a new series of lawsuits over excessive fees that payment operators charged retailers in the UK. In 2022, Special Purpose Vehicle Commercial and Interregional Card Claims company sought damages on behalf of the sellers affected by them, and on Friday a tribunal in London ruled that all claims would be certified if any other retailers interested in participating claimed it.
Despite these problems, leading analysts consider the company's position stable: for example, Barclays Bank experts confirmed the emitter's rating at the "Overweight" level with the target price of 319.0 dollars per share. Analysts are confident in Visa Inc.'s position in the sector and the corporation's ability to maintain growth rates exceeding 10.0% in the long term.
On June 6, the next quarterly dividend of 0.52 dollars per share was scheduled to be paid. The closing of the shareholder register took place on May 16, and the estimated yield may be 0.74%.
Support and resistance
On the D1 chart, the asset is held within the correction channel with the borders of 260.00–280.00, preparing for continued growth.
The global sell signal from technical indicators is actively weakening: the range of EMAs fluctuations on the Alligator indicator is rapidly narrowing, and fast EMAs are approaching the signal line, while the AO histogram, trading in the negative zone, forms new ascending bars.
Support levels: 275.00, 266.00.
Resistance levels: 282.00, 291.00.
Trading tips
If the asset continues to grow and the price consolidates above the resistance level of 282.00, one may open long positions with the target of 291.00 and stop-loss of 275.00. Implementation time: 7 days and more.
In the event of a reversal and the beginning of a decline in the asset, as well as price consolidation below the support level of 275.00, one can open short positions with the target of 266.00 and stop-loss of 281.00.
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