Visa Expanding Headquarters Worldwide

Visa Expanding Headquarters Worldwide

Credit card giant Visa is beefing up its systems and infrastructure to deal with what it predicts will be a ten-fold surge in demand for payments on plastic and devices.

One move involves setting up new data centres in Singapore and Britain, which Visa announced yesterday. They are due to start processing global transactions next year, once other preparations have been completed. The 10,000 sq ft facility in Paya Lebar – Visa’s first transaction-processing centre in South-east Asia – and the one in Britain will complement two 100,000 sq ft centres in North America.

Mr Rajat Taneja, Visa’s executive vice-president of technology, told The Straits Times: “As we move from analogue to digital payments, we believe there will be nearly 10 times the growth of the number of cards and the number of payment points in the future.”

The firm noted that having four global data centres lessens the possibility of disruption to the 16,600 financial institutions and millions of merchants it works with, as well as the users of three billion cards. Visa joins other financial firms here, like OCBC Bank, that have their own data centres.

Technical Analysis

Overall, the bias in prices is: Upwards.

Short term: Prices are moving.

Intermediate term: Prices are trending.

Note: this chart shows extraordinary price action to the upside.

By the way, prices are vulnerable to a correction towards 95.23.

The projected upper bound is: 103.37.

The projected lower bound is: 98.63.

The projected closing price is: 101.00.

Candlesticks

A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 5 white candles and 5 black candles. During the past 50 bars, there have been 26 white candles and 24 black candles for a net of 2 white candles.

Momentum Indicators

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 89.1176. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a sell 3 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 73.13. This is where it usually tops. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 35 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 119.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a buy 13 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 10 period(s) ago.

Rex Takasugi – TD Profile

VISA INC closed up 0.860 at 100.850. Volume was 33% below average (neutral) and Bollinger Bands were 145% wider than normal.

Open High Low Close Volume
99.990 100.980 99.880 100.850 1,590,726

Technical Outlook
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish

Moving Averages: 10-period     50-period     200-period
Close:                       98.44            95.34             87.38
Volatility:                12                   16                   18
Volume:                  1,918,642      2,412,520     2,747,919

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

VISA INC is currently 15.4% above its 200-period moving average and is in an upward trend. Volatility is high as compared to the average volatility over the last 10 periods. Our volume indicators reflect moderate flows of volume into V.N (mildly bullish). Our trend forecasting oscillators are currently bullish on V.N and have had this outlook for the last 7 periods. Our momentum oscillator is currently indicating that V.N is currently in an overbought condition. The security price has set a new 14-period high while our momentum oscillator has not. This is a bearish divergence.

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Ivy Heffernan

Ivy Heffernan, student of Economics at Buckingham University. Junior Analyst at HeffX and experienced marketing director.

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