Visa's Stock Options Chain Reveals Strong Long-Term Structure, Cautious Short-Term View
A recent analysis of Visa's (V) stock options chain shows that the long-term structure is strong, but the short-term view is more cautious. The report, which used data from August 25, notes that Visa's price was around $382.41 at the time. The analysis found that the daily chart is constructive, while the 30-minute and 4-hour charts remain defensive. However, the 4-hour chart is beginning to show improvement.
The report recommends holding existing shares of Visa and suggests selective accumulation on a confirmed 4-hour/daily setup. This contradicts the view of some analysts who have raised their price target for Visa to $460.00 per share from $435.00. The increased optimism may be due in part to the company's recent launch of an in-person payment offering with Bluefin.
Visa's stock has been volatile in recent days, with a 2.9% decline on August 25 following losses for Nvidia and Marvell Technology ahead of their earnings later this week. The S&P 500 and Nasdaq Composite are expected to rebound Tuesday after Monday's losses.