The Greedy Trader Weekly Analysis
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Monthly Pattern:Falling Pennant
Number of records: 5
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Chart Analysis and Chart Pattern Recognition – Bear Flag, Bull Flag, Bearish Pennant and Bullish Pennant.

Bear flag, bull flag, bearish pennant and bullish pennant chart patterns represent brief pauses after sharp moves in a dynamic market. They are considered as most reliable continuation patterns. Flags are characterized as short-term channels slanting against the main trend. Pennants represent short-term triangle formations. Volume is heavy during the sharp move preceding the formation.
Trading technique:
# 1 Flags and pennants present an additional opportunity to enter the dynamic market.
Tips:
# 1
Usually flags and pennants represent short-term pauses technically required to reset overbought/oversold technical indicators and allow further movement. They likely to appear at earlier stages of the larger patterns, when short-term technical indicators are grossly overbought/oversold, but long-term indicators are in the middle range. In a situation when both long and short-term indicators are overbought (oversold), flags and pennants have more chances to become the beginning of a larger formation. Flags and pennants are considered invalid as soon as they break the parent's formation trend line.
# 2 As a continuation pattern, rectangle usually appears within a young trend characterized by neutral long-term indicators and overbought/oversold short-term indicators. Rectangle resets daily CTI to neutral and then continues the movement in parent's direction.
# 3 For the best results, chart patterns should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: projected support/resistance level of larger trend.

VeriSign Inc.
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Summary:
Weekly :Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overboughtLane's Stochastic bearish divergenceBroken trend resistance lineBroken trend resistance line
Daily :Broken trend resistance lineThe price has risen above the Parabolic SAR
Move cursor over the icon to see details.

It was a sixth consecutive positive week for the VeriSign Inc. (VRSN). During the week, the VRSN gained 1.92 points, or 1.27%, and closed at 152.92 on Friday, August 10, 2018. Weekly volume was -36% below average.

Long-term trend: [See VRSN long-term trend chart]
A long-term uptrend had started on October 9, 2002 at 3.92 and reached 158.50 on July 27, 2018. VRSN gained -154.58 points, or -3943.37%, in 824 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (36.47) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 long-term trend.

Medium-term trend: [See VRSN medium-term trend chart]
A medium-term uptrend had started on November 21, 2008 at 16.23 and reached 158.50 on July 27, 2018. VRSN gained -142.27 points, or -876.59%, in 505 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (65.85) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. Weekly Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since May 11, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.

Short-term trend: [See VRSN short-term trend chart]
A short-term uptrend had started on August 31, 2016 at 74.01 and reached 158.50 on July 27, 2018. VRSN gained -84.49 points, or -114.16%, in 695 days. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (121.91) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 short-term trend.

Daily Technical Indicators: [See VRSN daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since July 27, 2018. The distance between MACD and the signal line is low and getting smaller.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.59
Williams' Percentage Range (W%R) 46.30
Lane's Stochastic (%D-Slow) 66.18
Greed/Fear Indicator (GFI) 59.82
Moving Average Converg./Diverg. (MACD) 2.69
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 87.97
Overbought
Williams' Percentage Range (W%R) 13.90
Overbought
Lane's Stochastic (%D-Slow) 84.66
Overbought Bearish
Greed/Fear Indicator (GFI) 79.39
Moving Average Converg./Diverg. (MACD) 7.72
Trading Signals
Description Value Chart
Weekly Stochastic Crossing 154.26
Upper Bollinger Band 153.71
Price 152.92
Daily Stochastic Crossing 151.85
20 Day Moving Average 149.92
Parabolic System 145.37
Lower Bollinger Band 144.70
50 Day Moving Average 143.89
Weekly Trendline Resistance 132.76
Sector and Industry
Description Name Rank
Sector Technology 6
Industry Internet Software & Svcs 92
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 105.40
Low Date 02/09/2018
High 158.50
High Date 07/27/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 132.76
Support 121.91
Low 74.01
Low Date 08/31/2016
High 158.50
High Date 07/27/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 70.26
Low Date 02/09/2016
High 158.50
High Date 07/27/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 106.04
Support 65.85
Low 16.23
Low Date 11/21/2008
High 158.50
High Date 07/27/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 63.52
Support 36.47
Low 3.92
Low Date 10/09/2002
High 158.50
High Date 07/27/2018
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.

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