VERISIGN INC (VRSN) Stock Technical Analysis
NASDAQ:VRSN - Nasdaq - US92343E1029 - Common Stock - Currency: USD
Taking everything into account, VRSN scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, VRSN has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that VRSN is one of the better performing stocks in the market, outperforming 89% of all stocks. We also observe that the gains produced by VRSN over the past year are nicely spread over this period.
VRSN is part of the IT Services industry. There are 82 other stocks in this industry. VRSN outperforms 81% of them.
A new 52 week high is currently being made by VRSN, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month VRSN has a been trading in the 277.00 - 308.00 range, which is quite wide. It is currently trading near the high of this range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although VRSN has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
187.01
308.85
We found 2 important support areas.
- A support zone ranging from 268.67 to 286.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @188.90 from a trend line in the weekly 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 | UP | POSITIVE | The long term trend for VRSN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for VRSN is up. |
| ChartMill Relative Strength | 89.35 | POSITIVE | VRSN has a high relative strength, it outperformed 89.35% off all stocks 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 | POSITIVE | The current price of VRSN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 71.8 | OVERBOUGHT | The high RSI value suggests VRSN may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.24 | POSITIVE | The MACD value suggests VRSN has a positive trend. |
| Stochastics (14,3) | 79.17 | NEUTRAL | The Stochastics value for VRSN is a neutral value. |
| Average True Range in percent/ATR (20) | 1.97 | LOW VOLATILITY | The low ATR as a percentage value for VRSN suggests low volalility. |
| Average Directional Index/ADX (14) | 15.35 | 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)
305.79
+19.12 (+6.67%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg6.67%
1 Week7.89%
2 Weeks8.67%
1 Month7.97%
3 Month12.1%
6 Month45.11%
12 Month66.1%
2 Year44.96%
3 Year61.66%
5 Year44.46%
10 Year331.05%
15 Year986.29%
Volatility
ATR(14)6.01
ATR(20)%1.97%
ATR Inc161.14%
Range Today19.88
ADR(20)5.83
ADR(20)%1.91%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.35
Mansfield2.37
10 Day High308
10 Day Low278.71
20 Day High308
20 Day Low277
52 Week High308
52 Week Low172.49
CS1 End286.58
CR1 StartN/A
Volume & EV
DER(3)1.15%
DER(5)0.29%
Volume1.26M
Volume Incr21.25%
Vol(5)769.64K
Vol(50)703.58K