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Downtrend ResistanceArchive
- 12/27/2024 -
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VeriSign Inc. (VRSN) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a fifth consecutive positive week for the VeriSign Inc. (VRSN). During the week, the VRSN gained 5.20 points, or 2.62%, and closed at 204.00 on Friday, December 27, 2024. Weekly volume was -36% below average.
VRSN is a member of Information Technology Sector. Information Technology is the second 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 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 (171.18) 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 price is near the trend resistance line (204.89). 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 medium-term trend.
 Weekly Technical Indicators: [See VRSN weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought 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 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 December 19, 2024 at 191.10 and reached 206.20 on December 27, 2024. VRSN gained -15.10 points, or -7.90%, in 8 days. The price is now at the 14.57% retracement level.
 Daily Technical Indicators: [See VRSN daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Lane's Stochastic help.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
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