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Uptrend Exhaustion

Uptrend Exhaustion stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Uptrend Exhaustion alert indicates that long term uptrend is exhausted and probability of long term trend reversal is high. Uptrend exhaustion stock market alert presents relatively low to medium risk - high reword stock pick for overvalued stocks.

The strategy is based on selling (or taking a short) position on anticipation of uptrend reversal.

Uptrend Exhaustion

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- 2/14/2025 -
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VeriSign Inc. (VRSN) Technical Analysis

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Summary:
Weekly :Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are strongly overboughtBroken trend resistance lineBroken trend resistance line
Daily :Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are strongly overbought
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It was a twelfth consecutive positive week for the VeriSign Inc. (VRSN). During the week, the VRSN gained 7.80 points, or 3.52%, and closed at 229.20 on Friday, February 14, 2025. It was the best weekly gain since September 27, 2024. Weekly volume was 17% above 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 downtrend resistance line (171.98) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. VRSN may retest the broken resistance line. It is considered to be a support line now. 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 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 downtrend resistance line (134.13) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. VRSN may retest the broken resistance line. It is considered to be a support line now. 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 medium-term trend.

Weekly Technical Indicators: [See VRSN weekly technical indicators chart]
Weekly Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. 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 above its signal line since June 14, 2024. The distance between MACD and the signal line is near its 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 1, 2024 at 175.60 and reached 230.30 on February 13, 2025. VRSN gained -54.70 points, or -31.15%, in 104 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 216.34 and resistance is at 232.77. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a short-term trend.

Daily Technical Indicators: [See VRSN daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Relative Strength Index, Williams' Percentage Range and Lane's Stochastic.

The daily MACD line is above its signal line since January 31, 2025. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 95.58
Strong Overbought
Williams' Percentage Range (W%R) 5.20
Strong Overbought
Lane's Stochastic (%D-Slow) 93.06
Strong Overbought
Greed/Fear Indicator (GFI) 94.47
Strong Overbought
Moving Average Converg./Diverg. (MACD) 5.17
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 93.26
Strong Overbought
Williams' Percentage Range (W%R) 2.40
Strong Overbought
Lane's Stochastic (%D-Slow) 92.05
Strong Overbought
Greed/Fear Indicator (GFI) 86.13
Overbought
Moving Average Converg./Diverg. (MACD) 5.25
Trading Signals
Description Value Chart
Weekly Trendline Resistance 232.77
Upper Bollinger Band 232.60
Daily Stochastic Crossing 229.61
Price 229.20
Weekly Stochastic Crossing 227.57
Parabolic System 223.72
20 Day Moving Average 217.29
Weekly Trendline Support 216.34
50 Day Moving Average 207.66
Lower Bollinger Band 204.48
Quarterly Trendline Resistance 202.92
Monthly Trendline Resistance 197.52
Yearly Trendline Resistance 195.68
Sector and Industry
Description Name Rank
Sector Information Technology 7
Industry Internet Services & Infrastructure 119
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 205.40
Low Date 01/23/2025
High 230.30
High Date 02/13/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 232.77
Support 216.34
Low 175.60
Low Date 11/01/2024
High 230.30
High Date 02/13/2025
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 197.52
Support 180.73
Low 167.05
Low Date 05/02/2024
High 230.30
High Date 02/13/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Resistance
Resistance 202.92
Support 134.13
High 229.72
High Date 05/22/2023
Low 167.05
Low Date 05/02/2024
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 195.68
Support 171.98
High 257.03
High Date 12/30/2021
Low 155.28
Low Date 06/17/2022
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.