VERISK ANALYTICS INC (VRSK) Stock Technical Analysis
NASDAQ:VRSK - Nasdaq - US92345Y1064 - Common Stock - Currency: USD
Overall VRSK gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, VRSK is showing a nice and steady performance.
VRSK has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 314.15. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 313.80, a Stop Loss order could be placed below this zone.
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261.48
We found 6 important support areas.
- A support zone ranging from 308.20 to 313.80. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 294.30 to 299.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @285.16 from a horizontal line in the daily time frame.
- A support zone ranging from 274.36 to 279.71. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @268.62 from a horizontal line in the weekly time frame.
- Support @264.12 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 314.15 to 316.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for VRSK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for VRSK is up. |
| ChartMill Relative Strength | 85.15 | POSITIVE | VRSK has a high relative strength, it outperformed 85.15% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of VRSK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of VRSK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of VRSK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.34 | NEUTRAL | The RSI value for VRSK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.22 | POSITIVE | The MACD value suggests VRSK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.57 | OVERBOUGHT | The high Stochastics value suggests VRSK may be overbought. |
| Average True Range in percent/ATR (20) | 1.69 | LOW VOLATILITY | The low ATR as a percentage value for VRSK suggests low volalility. |
| Average Directional Index/ADX (14) | 23.76 | NEUTRAL | The ADX value for VRSK suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 316.18 | 308.19 | 7.99 (2.53%) | 25.00% |
| An entry @316.18. This is a Buy Stop order right above the resistance zone. | An exit @308.19. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 7.99 points, which is 2.53%. | For a 0.63% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
314.14
-0.18 (-0.06%)