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Archive - 4/26/2024 - Sign In to see current Signals. |
VeriSign Inc. (VRSN) Technical Analysis
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| Summary:
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| | It was the negative week for the VeriSign Inc. (VRSN). During the week, the VRSN dropped -8.64 points, or -4.69%, and closed at 175.48 on Friday, April 26, 2024. It was the worst weekly loss since January 5, 2024. Weekly volume was 117% above average. VRSN is a member of Internet Services & Infrastructure Industry. Internet Services & Infrastructure is the tenth most oversold industry. 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 VRSN long-term trend chart] A long-term downtrend had started on May 22, 2023 at 229.72 and reached 174.51 on April 26, 2024. VRSN lost 55.21 points, or 24.03%, in 48 weeks. Price is near the trend low. Medium-term trend: [See VRSN medium-term trend chart] A medium-term downtrend had started on December 14, 2023 at 220.91 and reached 174.51 on April 26, 2024. VRSN lost 46.40 points, or 21.00%, in 19 weeks. The chart has formed a Falling Wedge chart pattern. The trend support level is at 181.02 and resistance is at 174.50. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a medium-term trend. Weekly Technical Indicators: [See VRSN weekly technical indicators chart] Weekly Williams' Percentage Range and Lane's Stochastic are oversold while Relative Strength Index is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Williams' Percentage Range and Lane's Stochastic or strongly oversold weekly Relative Strength Index. Weekly Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help. The weekly MACD line is below its signal line since December 29, 2023. This is an indication that the medium-term trend is down. Use the following link to access a MACD help. Short-term trend: [See VRSN short-term trend chart] A short-term downtrend had started on April 2, 2024 at 192.23 and reached 174.51 on April 26, 2024. VRSN lost 17.72 points, or 9.22%, in 24 days. The price is now at the 5.47% retracement level. Daily Technical Indicators: [See VRSN daily technical indicators chart] Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Daily Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bullish divergence. The daily MACD line is below its signal line since April 25, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger. The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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