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Archive
- 12/13/2024 -
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VeriSign Inc. (VRSN) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a third consecutive positive week for the VeriSign Inc. (VRSN). During the week, the VRSN gained 6.26 points, or 3.28%, and closed at 197.40 on Friday, December 13, 2024. Weekly volume was -27% below average.
 Long-term trend: [See VRSN long-term trend chart]
A long-term downtrend had started on December 30, 2021 at 257.03 and reached 155.28 on June 17, 2022. VRSN lost 101.75 points, or 39.59%, in 24 weeks. The chart has formed a Symmetric Triangle chart pattern. The price is near the trend resistance line (198.89). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.
 Medium-term trend: [See VRSN medium-term trend chart]
A medium-term downtrend had started on May 22, 2023 at 229.72 and reached 167.05 on May 2, 2024. VRSN lost 62.67 points, or 27.28%, in 49 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 140.98 and resistance is at 205.45. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See VRSN weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. 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 Williams' Percentage Range help.
The weekly MACD line is above its signal line since June 14, 2024. The distance between MACD and the signal line is relatively high and getting bigger. Use the following link to access a MACD help.
 Short-term trend: [See VRSN short-term trend chart]
A short-term uptrend had started on November 19, 2024 at 176.60 and reached 202.74 on December 9, 2024. VRSN gained -26.14 points, or -14.80%, in 20 days. The chart has formed a Broadening Ascending Wedge chart pattern.
 Daily Technical Indicators: [See VRSN daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since November 22, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.
The distance between the Bollinger Bands is 114.02% higher then one year average. It indicates the period of high volatility of the stock price. 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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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Information Technology |
7 |
| Industry |
Internet Services & Infrastructure |
85 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Low |
176.60 |
| Low Date |
11/19/2024 |
| High |
202.74 |
| High Date |
12/09/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
175.60 |
| Low Date |
11/01/2024 |
| High |
202.74 |
| High Date |
12/09/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
167.05 |
| Low Date |
05/02/2024 |
| High |
202.74 |
| High Date |
12/09/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Broadening Descending Wedge |
| Status |
Valid |
| Resistance |
205.45 |
| Support |
140.98 |
| High |
229.72 |
| High Date |
05/22/2023 |
| Low |
167.05 |
| Low Date |
05/02/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Symmetric Triangle |
| Status |
Test Resistance |
| Resistance |
198.89 |
| Support |
170.96 |
| High |
257.03 |
| High Date |
12/30/2021 |
| Low |
155.28 |
| Low Date |
06/17/2022 |
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