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Uptrend ExhaustionArchive
- 4/5/2024 -
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Verisk Analytics (VRSK) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was the negative week for the Verisk Analytics (VRSK). During the week, the VRSK dropped -8.08 points, or -3.43%, and closed at 227.65 on Friday, April 5, 2024. It was the worst weekly loss since December 8, 2023. Weekly volume was -20% 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 November 1, 2023 at 215.32 and reached 251.98 on February 7, 2024. VRSK gained -36.66 points, or -17.03%, in 14 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (248.79) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. VRSK may retest the broken support line. It is considered to be a resistance 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 support in a long-term trend.
 Medium-term trend: [See VRSK medium-term trend chart]
A medium-term downtrend had started on February 7, 2024 at 251.98 and reached 226.01 on April 5, 2024. VRSK lost 25.97 points, or 10.31%, in 8 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend support (227.94) line. The support is usually stronger when technical indicators are oversold. 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 support line in a medium-term trend.
 Weekly Technical Indicators: [See VRSK weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold 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 below its signal line since September 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 VRSK short-term trend chart]
A short-term downtrend had started on March 28, 2024 at 236.26 and reached 226.01 on April 5, 2024. VRSK lost 10.25 points, or 4.34%, in 8 days. The price is now at the 16.00% retracement level.
 Daily Technical Indicators: [See VRSK daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. Use the following link to access Lane's Stochastic help.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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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