stock
Visa (V-N, Monday’s close US$382.41) rallied from US$174.60 in October, 2022, to US$375.51 in June, 2025, (A-B) while trading above a rising trendline (dashed line) and its rising 40-week Moving Average (40wMA). We previously reported on the stock on Aug. 23, 2023, at US$242.30 and suggested that a sustained rise above US$245-250 would signal initial targets of US$275 and US$300.
Visa fulfilled and then exceeded these targets before experiencing an intermediate term correction below a falling trendline (dotted line). The recent rise above the top of this line suggests the resumption of the long-term uptrend.
There is solid support near US$345-350, but only a decisive decline below the 40wMA (currently near US$330-335) would be a negative development.
Point & Figure measurements provide upside targets of US$390 and US$420.
Monica Rizk is the Senior Technical Analyst of the Phases & Cycles publication (www.capitalightresearch.com). Chart, courtesy of www.LSEG.com