The Greedy Trader Weekly Analysis
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Monthly Pattern:Falling Pennant
Number of records: 3
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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 :Overbought sectorBroken uptrend resistance line - uptrend exhaustionBroken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is strongly overboughtWeekly  MACD line has moved above its signal line
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtRelative Strength Index is strongly overbought
Move cursor over the icon to see details.

It was a third consecutive positive week for the VeriSign Inc. (VRSN). During the week, the VRSN gained 2.02 points, or 1.61%, and closed at 127.67 on Friday, May 18, 2018. Weekly volume was 42% above average.

VRSN is a member of Technology Sector. Technology is the second most overbought sector. 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 October 9, 2002 at 3.92 and reached 128.35 on May 14, 2018. VRSN gained -124.43 points, or -3174.23%, in 813 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (36.01) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 128.35 on May 14, 2018. VRSN gained -112.12 points, or -690.82%, in 494 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (64.63) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought 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 link to access Williams' Percentage Range help.

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 February 9, 2018 at 105.40 and reached 128.35 on May 14, 2018. VRSN gained -22.95 points, or -21.77%, in 94 days. The chart has formed a Descending Triangle chart pattern.

Daily Technical Indicators: [See VRSN daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought while Relative Strength Index is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic or strongly overbought daily Relative Strength Index. Use the following links to access Lane's Stochastic and Relative Strength Index help.

The daily MACD line is above its signal line since May 7, 2018. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 100.00
Strong Overbought
Williams' Percentage Range (W%R) 13.90
Overbought
Lane's Stochastic (%D-Slow) 86.45
Overbought
Greed/Fear Indicator (GFI) 90.84
Strong Overbought
Moving Average Converg./Diverg. (MACD) 1.21
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.14
Williams' Percentage Range (W%R) 7.40
Strong Overbought
Lane's Stochastic (%D-Slow) 69.00
Greed/Fear Indicator (GFI) 73.30
Moving Average Converg./Diverg. (MACD) 4.07
Trading Signals
Description Value Chart
Upper Bollinger Band 130.87
Price 127.67
Daily Stochastic Crossing 127.58
Parabolic System 125.04
Weekly Stochastic Crossing 123.20
20 Day Moving Average 122.48
50 Day Moving Average 121.84
Lower Bollinger Band 116.69
Quarterly Trendline Resistance 103.85
Sector and Industry
Description Name Rank
Sector Technology 8
Industry Internet Software & Svcs 140
Daily Trend
Description Value
Direction Up
Chart Pattern Descending Triangle
Low 105.40
Low Date 02/09/2018
High 128.35
High Date 05/14/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 74.01
Low Date 08/31/2016
High 128.35
High Date 05/14/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 70.26
Low Date 02/09/2016
High 128.35
High Date 05/14/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 103.85
Support 64.63
Low 16.23
Low Date 11/21/2008
High 128.35
High Date 05/14/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 63.06
Support 36.01
Low 3.92
Low Date 10/09/2002
High 128.35
High Date 05/14/2018
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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