Overbought Readings Warn of V Pullback at $355.00

Visa Inc (V) traded flat at $355.00 on December 27.

Technical indicators paint a bullish picture:

• Moving Averages: Price trades above the 9-day EMA ($349.53) with a bullish stack. The 21-day EMA at $343.50 provides support.
• Momentum: RSI at 73.8 is in overbought territory, suggesting potential near-term exhaustion. MACD is bullish (5.25 vs signal 3.13).
• Volatility: Bollinger Band width at 12.4% indicates normal volatility.

While the trend remains bullish, elevated RSI warrants caution for new entries at current levels.

Key levels to watch: Support at $319.00, Resistance at $361.22.