Score 8.5 (out of 10): VISA sets up for +7.7% rally in 1 month

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What’s Going On Here?

VISA-CLASS A SHARES has triggered a new technical analysis ‘rally reversal’ signal. During similar occasions, VISA-CLASS A SHARES shares had a median return of +7.7%, over the following 1 month – based on 10 historical occasions with 8 of those showing positive returns (80%). This buy signal for VISA-CLASS A SHARES received a high score of 8.5 (out of 10). This insight was generated on 2023-June-9 with last price of 223.56.

VISA-CLASS A SHARES is in the Finance-Credit Card business. Based on the last 2 years’ risk/return profile, this asset is seen as Very Risky. Ticker symbol: V US.

Previous Signal Returns:

10.7% (January-2023), 15.3% (October-2022), -3% (May-2022), -0.1% (March-2022), 8.5% (November-2021), 3.8% (September-2021), 1% (December-2020), 6.8% (September-2020), 8.8% (July-2020), 9.8% (February-2020).

We found 1 month to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 240.66 (+7.7%) has been reached. Based on VISA-CLASS A SHARES’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 218.86 (last price at 223.56), which is equivalent to a -2.1% decline.

Historical Chart:

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