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- 4/1/2021 -
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Verisk Analytics (VRSK)

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Summary:
Weekly :Overbought sectorBroken trend resistance line
Daily :Stochastic signal line moved below overbought areaBroken trend resistance linePrice has crossed above the 50 Day Moving Average
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It was a fifth consecutive positive week for the Verisk Analytics (VRSK). During the week, the VRSK climbed 1.18 points, or 0.66%, and closed at 179.81 on Thursday, April 1, 2021. Weekly volume was -13% below average.

VRSK is a member of Industrials Sector. Industrials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See VRSK long-term trend chart]
A long-term uptrend had started on April 11, 2014 at 56.37 and reached 210.66 on December 29, 2020. VRSK gained -154.29 points, or -273.71%, in 350 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (86.46) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See VRSK medium-term trend chart]
A medium-term uptrend had started on May 4, 2017 at 75.60 and reached 210.66 on December 29, 2020. VRSK gained -135.06 points, or -178.65%, in 190 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 131.37 and resistance is at 219.79. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See VRSK weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since January 8, 2021. Use the following link to access a MACD help.

Short-term trend: [See VRSK short-term trend chart]
A short-term uptrend had started on March 4, 2021 at 159.79 and reached 181.28 on March 29, 2021. VRSK gained -21.49 points, or -13.45%, in 25 days. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (176.56) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a short-term trend.

Daily Technical Indicators: [See VRSK daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since March 9, 2021. This is an indication that the short-term trend is up.

During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.20
Williams' Percentage Range (W%R) 21.30
Lane's Stochastic (%D-Slow) 79.01
Greed/Fear Indicator (GFI) 73.65
Moving Average Converg./Diverg. (MACD) -1.19
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 37.48
Williams' Percentage Range (W%R) 66.20
Lane's Stochastic (%D-Slow) 32.30
Greed/Fear Indicator (GFI) 36.01
Moving Average Converg./Diverg. (MACD) 0.54
Trading Signals
Description Value Chart
Upper Bollinger Band 182.26
Price 179.81
50 Day Moving Average 179.67
Daily Stochastic Crossing 179.38
Weekly Trendline Resistance 179.28
Weekly Trendline Support 176.56
20 Day Moving Average 174.57
Parabolic System 174.46
Weekly Stochastic Crossing 172.58
Lower Bollinger Band 169.90
Sector and Industry
Description Name Rank
Sector Industrials 11
Industry Research & Consulting Services 33
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 168.34
Low Date 03/18/2021
High 181.28
High Date 03/29/2021
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 179.28
Support 176.56
Low 159.79
Low Date 03/04/2021
High 181.28
High Date 03/29/2021
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 210.66
High Date 12/29/2020
Low 159.79
Low Date 03/04/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 219.79
Support 131.37
Low 75.60
Low Date 05/04/2017
High 210.66
High Date 12/29/2020
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 103.44
Support 86.46
Low 56.37
Low Date 04/11/2014
High 210.66
High Date 12/29/2020
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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