The Greedy Trader Weekly Analysis
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- 3/15/2024 -
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VeriSign Inc. (VRSN) Technical Analysis

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Summary:
Weekly :Overbought sectorOversold industryBroken trend resistance lineLane's Stochastic oversoldWilliams' Percentage Range is strongly oversold
Daily :Williams' Percentage Range is oversoldDaily  MACD line has moved above its signal lineThe price touches the lower Bollinger Band
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It was the negative week for the VeriSign Inc. (VRSN). During the week, the VRSN gave back -0.77 points, or -0.40%, and closed at 190.25 on Friday, March 15, 2024. Weekly volume was 21% above average.

VRSN is a member of Information Technology Sector. Information Technology is the second most overbought sector. VRSN is a member of Internet Services & Infrastructure Industry. Internet Services & Infrastructure is the eighth most oversold industry. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See VRSN long-term trend chart]
A long-term uptrend had started on June 17, 2022 at 155.28 and reached 229.72 on May 22, 2023. VRSN gained -74.44 points, or -47.94%, in 48 weeks. The price is now at the 53.02% retracement level.

Medium-term trend: [See VRSN medium-term trend chart]
A medium-term downtrend had started on December 14, 2023 at 220.91 and reached 189.09 on March 15, 2024. VRSN lost 31.82 points, or 14.40%, in 13 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (188.72) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See VRSN weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is below its signal line since December 29, 2023. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See VRSN short-term trend chart]
A short-term downtrend had started on January 24, 2024 at 208.04 and reached 189.09 on March 15, 2024. VRSN lost 18.95 points, or 9.11%, in 51 days. The chart has formed a Falling Channel chart pattern.

Daily Technical Indicators: [See VRSN daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

The price touches the lower Bollinger Band. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.78
Williams' Percentage Range (W%R) 100.00
Strong Oversold
Lane's Stochastic (%D-Slow) 31.95
Greed/Fear Indicator (GFI) 23.91
Moving Average Converg./Diverg. (MACD) -2.07
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 24.35
Williams' Percentage Range (W%R) 98.00
Strong Oversold
Lane's Stochastic (%D-Slow) 11.81
Oversold
Greed/Fear Indicator (GFI) 18.06
Oversold
Moving Average Converg./Diverg. (MACD) -2.54
Trading Signals
Description Value Chart
50 Day Moving Average 197.59
Upper Bollinger Band 196.70
Parabolic System 194.07
20 Day Moving Average 192.85
Weekly Stochastic Crossing 191.44
Daily Stochastic Crossing 190.29
Price 190.25
Lower Bollinger Band 189.97
Weekly Trendline Resistance 189.33
Weekly Trendline Support 188.72
Sector and Industry
Description Name Rank
Sector Information Technology 8
Industry Internet Services & Infrastructure 8
Daily Trend
Description Value
Direction Down
Chart Pattern Falling Channel
High 208.04
High Date 01/24/2024
Low 189.09
Low Date 03/15/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 189.33
Support 188.72
High 220.91
High Date 12/14/2023
Low 189.09
Low Date 03/15/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 229.72
High Date 05/22/2023
Low 188.44
Low Date 10/27/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 155.28
Low Date 06/17/2022
High 229.72
High Date 05/22/2023
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 257.03
High Date 12/30/2021
Low 155.28
Low Date 06/17/2022
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.