VERISIGN INC (VRSN) Stock Technical Analysis
NASDAQ:VRSN - US92343E1029 - Common Stock
269.55 USD
-2.69 (-0.99%)
268.22 USD
-1.33 (-0.49%)
Taking everything into account, VRSN scores 5 out of 10 in our technical rating. VRSN was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
VRSN is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Looking at the yearly performance, VRSN did better than 82% of all other stocks. We also observe that the gains produced by VRSN over the past year are nicely spread over this period.
VRSN is one of the better performing stocks in the IT Services industry, it outperforms 75% of 83 stocks in the same industry.
VRSN is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so VRSN is lagging the market slightly.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
Although the technical rating is only medium, VRSN does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 271.25. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 268.68, a Stop Loss order could be placed below this zone.
More info and screens
188.29
285.97
When analyzing the support we can see 2 important areas.
- A support zone ranging from 263.01 to 268.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @190.19 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 271.25 to 283.14. This zone is formed by a combination of multiple trend lines and important moving averages 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 VRSN is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for VRSN is down. |
| ChartMill Relative Strength | 82.75 | POSITIVE | VRSN has a high relative strength, it outperformed 82.75% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of VRSN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of VRSN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of VRSN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.22 | NEUTRAL | The RSI value for VRSN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.48 | POSITIVE | The MACD value suggests VRSN has a positive trend. |
| Stochastics (14,3) | 66.98 | NEUTRAL | The Stochastics value for VRSN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.61 | MEDIUM VOLATILITY | The ATR as a percentage value for VRSN suggests some volalility. |
| Average Directional Index/ADX (14) | 18.12 | NEGATIVE | The low ADX value for VRSN suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
269.55
-2.69 (-0.99%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg-0.99%
1 Week-0.13%
2 Weeks-0.86%
1 Month-11.85%
3 Month-3.65%
6 Month16.25%
12 Month50.32%
2 Year29.72%
3 Year47.93%
5 Year25.49%
10 Year290.99%
15 Year826.61%
Volatility
ATR(14)5.24
ATR(20)%2.61%
ATR Inc-18.37%
Range Today5.63
ADR(20)6.12
ADR(20)%2.27%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.75
Mansfield0.57
10 Day High273.78
10 Day Low261.23
20 Day High310.6
20 Day Low261.23
52 Week High310.6
52 Week Low175.62
CS1 End268.68
CR1 Start271.25
Volume & EV
DER(3)2.58%
DER(5)2.18%
Volume508.90K
Volume Incr-54.44%
Vol(5)568.36K
Vol(50)869.40K