VERISIGN INC (VRSN) Stock Technical Analysis
USA - NASDAQ:VRSN - US92343E1029 - Common Stock
Taking everything into account, VRSN scores 2 out of 10 in our technical rating. Although VRSN is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
VRSN has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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230.48
When analyzing the support we can see 2 important areas.
- Support @239.79 from a horizontal line in the weekly time frame.
- A support zone ranging from 232.81 to 233.56. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 255.18 to 258.61. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 262.76 to 270.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @283.14 from a horizontal line in the daily time frame.
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 | DOWN | NEGATIVE | The short term trend for VRSN is down. |
| ChartMill Relative Strength | 73.1 | POSITIVE | VRSN has a high relative strength, it outperformed 73.1% 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 | MIXED | The current price of VRSN is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 36.58 | NEUTRAL | The RSI value for VRSN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.37 | NEGATIVE | The MACD value suggests VRSN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 33.08 | NEUTRAL | The Stochastics value for VRSN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.35 | MEDIUM VOLATILITY | The ATR as a percentage value for VRSN suggests some volalility. |
| Average Directional Index/ADX (14) | 47.83 | POSITIVE | The high ADX value value for VRSN suggests a strong trend. |
244.56
+4.76 (+1.98%)
VERISIGN INC / VRSN FAQ
Can you provide the ChartMill technical rating for VERISIGN INC?
ChartMill assigns a technical rating of 2 / 10 to VRSN.
Can you provide the trend direction for VERISIGN INC?
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 36.5799. This indicates that the stock is currently neutral.
Can you provide the short term momentum for VERISIGN INC?
The short term momentum for VERISIGN INC (VRSN) is negative.
Can you provide the support and resistance levels for VERISIGN INC?
VERISIGN INC (VRSN) has a support level at 239.79 and a resistance level at 255.18. Check the full technical report for our detailed analysis of VRSN support and resistance levels.