VERISIGN INC (VRSN) Technical Analysis
NASDAQ:VRSN • US92343E1029
Taking everything into account, VRSN scores 2 out of 10 in our technical rating. In the past year, VRSN was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- 61% of all other stocks performed better in the past year than VRSN.
- VRSN is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so VRSN is lagging the market.
- VRSN is one of the better performing stocks in the IT Services industry, it outperforms 77% of 87 stocks in the same industry.
- In the last month VRSN has a been trading in the 209.54 - 243.91 range, which is quite wide. It is currently trading near the high of this range.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
Although the technical rating is bad, VRSN does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
209.37
3 important support areas can be observed.
- A support zone ranging from 236.56 to 237.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 215.90 to 217.64. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @211.48 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- Resistance @240.69 from a trend line in the daily time frame.
- Resistance @246.32 from a horizontal line in the daily time frame.
- A resistance zone ranging from 250.61 to 253.51. 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.
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 | UP | POSITIVE | The short term trend for VRSN is up. |
| ChartMill Relative Strength | 39.58 | NEUTRAL | VRSN is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of VRSN is above 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) | 56.89 | NEUTRAL | The RSI value for VRSN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.94 | POSITIVE | The MACD value suggests VRSN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.42 | NEUTRAL | The Stochastics value for VRSN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.67 | MEDIUM VOLATILITY | The ATR as a percentage value for VRSN suggests some volalility. |
| Average Directional Index/ADX (14) | 25.38 | POSITIVE | The high ADX value value for VRSN suggests a strong trend. |
VRSN Technicals: Chart, Performance Metrics, Trend & Indicators
238.6
+3.45 (+1.47%)
VERISIGN INC / VRSN FAQ
Can you provide the ChartMill technical rating for VERISIGN INC?
ChartMill assigns a technical rating of 2 / 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 56.8881. 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 1.93818, indicating a bullish trend.
What is the short term momentum for VRSN stock?
The short term momentum for VERISIGN INC (VRSN) is positive.