VERISIGN INC (VRSN) Stock Technical Analysis
NASDAQ:VRSN • US92343E1029
Overall VRSN gets a technical rating of 0 out of 10. VRSN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 77% of all other stocks performed better in the past year than VRSN.
- VRSN is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month VRSN has a been trading in the 208.86 - 255.64 range, which is quite wide. It is currently trading near the lows of this range.
- VRSN is part of the IT Services industry. There are 87 other stocks in this industry. VRSN outperforms 70% of them.
The technical rating of VRSN is bad and it also does not present a quality setup 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.
More info and screens
213.51
We found 1 important support area.
- A support zone ranging from 215.67 to 219.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 239.54 to 244.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 248.54 to 252.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @265.37 from a horizontal line in the daily time frame.
- 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 | 23.1 | NEGATIVE | VRSN has a low relative strength, it was outperformed by 76.9% 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) | DOWN | NEGATIVE | The current price of VRSN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 30.13 | NEUTRAL | The RSI value for VRSN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -3.16 | NEGATIVE | The MACD value suggests VRSN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 19.36 | OVERSOLD | The low Stochastics value suggests VRSN may be oversold. |
| Average True Range in percent/ATR (20) | 3.54 | MEDIUM VOLATILITY | The ATR as a percentage value for VRSN suggests some volalility. |
| Average Directional Index/ADX (14) | 29.21 | POSITIVE | The high ADX value value for VRSN suggests a strong trend. |
219.03
+0.88 (+0.4%)
VERISIGN INC / VRSN FAQ
Can you provide the ChartMill technical rating for VERISIGN INC?
ChartMill assigns a technical rating of 0 / 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 30.128. 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 -3.15999, indicating a bearish trend.
What is the short term momentum for VRSN stock?
The short term momentum for VERISIGN INC (VRSN) is negative.