Taking everything into account, VRSN scores 3 out of 10 in our technical rating. VRSN has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
Although the technical rating is bad, VRSN does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 250.51. Right above this resistance zone may be a good entry point.
More info and screens
230.48
We found 3 important support areas.
- A support zone ranging from 244.25 to 245.97. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @239.79 from a horizontal line in the weekly time frame.
- A support zone ranging from 232.81 to 234.49. This zone is formed by a combination of multiple trend lines in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 250.51 to 255.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @265.37 from a horizontal line in the daily time frame.
- A resistance zone ranging from 283.14 to 285.53. 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 | DOWN | NEGATIVE | The long term trend for VRSN is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for VRSN is neutral. |
| ChartMill Relative Strength | 56.22 | NEUTRAL | VRSN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of VRSN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of VRSN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of VRSN is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.44 | NEUTRAL | The RSI value for VRSN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.68 | POSITIVE | The MACD value suggests VRSN has a positive trend. |
| Stochastics (14,3) | 83.35 | OVERBOUGHT | The high Stochastics value suggests VRSN may be overbought. |
| Average True Range in percent/ATR (20) | 1.69 | LOW VOLATILITY | The low ATR as a percentage value for VRSN suggests low volalility. |
| Average Directional Index/ADX (14) | 16.25 | NEGATIVE | The low ADX value for VRSN suggests a weak or negative trend. |
248.94
+1.81 (+0.73%)
VERISIGN INC / VRSN FAQ
Can you provide the ChartMill technical rating for VERISIGN INC?
ChartMill assigns a technical rating of 3 / 10 to VRSN.
What is the current trend direction of VERISIGN INC (VRSN) stock?
The current trend direction for VERISIGN INC (VRSN) is Bearish.
What is the RSI signal for VERISIGN INC (VRSN) stock?
VERISIGN INC (VRSN) has an RSI value of 55.4367. This indicates that the stock is currently neutral.
What is the MACD signal for VRSN stock?
The MACD indicator for VERISIGN INC (VRSN) has a value of 0.683739, indicating a bearish trend.
What is the short term momentum for VRSN stock?
The short term momentum for VERISIGN INC (VRSN) is neutral.