VRSN Technical Analysis - VERISIGN INC

Technical Rating and Analysis

Overall VRSN gets a technical rating of 5 out of 10. In the last year, VRSN was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.

In the last month VRSN has a been trading in the 271.04 - 290.82 range, which is quite wide. It is currently trading near the lows of this range.

When comparing the yearly performance of all stocks, we notice that VRSN is one of the better performing stocks in the market, outperforming 80% 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 87 other stocks in this industry. VRSN outperforms 70% of them.

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 long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

VRSN has an average technical rating and the quality of the presented setup is also not ideal 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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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

190.19

286.25

We found 2 important support areas.

A support zone ranging from 263.01 to 268.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @192.11 from a trend line in the weekly time frame.

We found 1 important resistance area.

A resistance zone ranging from 275.15 to 283.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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Technical Indicator Signal Analysis

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	80.93	POSITIVE	VRSN has a high relative strength, it outperformed 80.93% 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)	38.33	NEUTRAL	The RSI value for VRSN is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-1.7	NEGATIVE	The MACD value suggests VRSN has a negative trend.
Stochastics (14,3)	13.3	OVERSOLD	The low Stochastics value suggests VRSN may be oversold.
Average True Range in percent/ATR (20)	1.89	LOW VOLATILITY	The low ATR as a percentage value for VRSN suggests low volalility.
Average Directional Index/ADX (14)	20.18	NEUTRAL	The ADX value for VRSN suggests a possible start of a new trend.