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- Visa has observed a decline in dividend growth as compared to mastercard.The company has a current market cap of 448 Billion.
- V stock price may breach the 52 Week high in upcoming weeks. Technical Indicators suggests a strong upside.
Visa has been seeing a weak dividend growth as compared to Mastercard. Network processing giant Visa has recently announced a change in CEO in the upcoming year. The current CEO, Kelly, is retiring in February 2023, and President McInerney will assume the role. Many Wall Street analysts are also happy with the change in presidency. However, the current CEO believes that McInerney can easily manage the tough times as he has been groomed during the pandemic.
Visa is looking to see a strong growth in the upcoming weeks. The asset price may push beyond above 52 week to a new high.
Bulls Of Visa Are Looking For A Rally
The weekly technical chart of the V stock price suggests a strong upside momentum in the future. On coming to the daily chart the asset price is trading near $211 and has seen a gain of 0.67%. Resistance of the Visa can be found near $230. Meanwhile, the support of the coin can be seen near $200. The asset price is currently trading above 50 and 100 Daily Moving Average. If the asset price sees a positive crossover then a strong upside momentum can be seen.
RSI of the asset price is near 62 with a strong positive slope. This suggests a strong upside momentum for the future.
Conclusion
Visa may see a change in its leadership next year. It can see strong growth in the near future. The changes may see a strong growth in the Visa next year.
Technical Levels
Major Support:$200
Major Resistance: $250
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
