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.
- When comparing the yearly performance of all stocks, VRSN is a bad performer in the overall market: 64% of all stocks are doing better.
- VRSN is one of the better performing stocks in the IT Services industry, it outperforms 75% of 86 stocks in the same industry.
- In the last month VRSN has a been trading in the 208.86 - 248.65 range, which is quite wide. It is currently trading near the high of this range.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- VRSN is currently trading in the middle 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 slightly.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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
209.37
3 important support areas can be observed.
- Support @242.76 from a trend line in the daily time frame.
- Support @215.90 from a horizontal line in the weekly time frame.
- Support @211.48 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- 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 | 36.2 | 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) | 64.66 | NEUTRAL | The RSI value for VRSN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 3.79 | POSITIVE | The MACD value suggests VRSN has a positive trend. |
| Stochastics (14,3) | 96.43 | OVERBOUGHT | The high Stochastics value suggests VRSN may be overbought. |
| Average True Range in percent/ATR (20) | 3.37 | MEDIUM VOLATILITY | The ATR as a percentage value for VRSN suggests some volalility. |
| Average Directional Index/ADX (14) | 30.04 | POSITIVE | The high ADX value value for VRSN suggests a strong trend. |
VRSN Technicals: Chart, Performance Metrics, Trend & Indicators
243.78
+5.08 (+2.13%)
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 64.6619. 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 3.78635, indicating a bullish trend.
What is the short term momentum for VRSN stock?
The short term momentum for VERISIGN INC (VRSN) is positive.