The Greedy Trader Weekly Analysis
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Monthly Pattern:Falling Pennant
Number of records: 0
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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 bearish divergence
Daily :Price is near the Fibonacci 38.2% retracement levelThe Bollinger Bands are historically far apart
Move cursor over the icon to see details.

It was the negative week for the VeriSign Inc. (VRSN). During the week, the VRSN dropped -4.92 points, or -2.98%, and closed at 160.10 on Friday, November 09, 2018. Weekly volume was 40% above average.

Long-term trend: [See VRSN long-term trend chart]
A long-term uptrend had started on February 9, 2016 at 70.26 and reached 176.59 on November 2, 2018. VRSN gained -106.33 points, or -151.34%, in 142 weeks. The price is now at the 15.51% retracement level.

Medium-term trend: [See VRSN medium-term trend chart]
A medium-term uptrend had started on August 31, 2016 at 74.01 and reached 176.59 on November 2, 2018. VRSN gained -102.58 points, or -138.60%, in 113 weeks. The price is now at the 16.08% retracement level.

Weekly Technical Indicators: [See VRSN weekly technical indicators chart]
Weekly technical indicators are neutral. Weekly Relative Strength Index has bearish divergence. Use the following links to access the Relative Strength Index help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index 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 link to access Relative Strength Index help.

The weekly MACD line is below its signal line since October 5, 2018. 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 October 26, 2018 at 131.28 and reached 176.59 on November 2, 2018. VRSN gained -45.31 points, or -34.51%, in 7 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

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

The daily MACD line is above its signal line since October 30, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term uptrend is strong.

The distance between the Bollinger Bands (24.21%) is close to one year high (21.44%). It is 158.08% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. 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) 63.47
Williams' Percentage Range (W%R) 38.60
Lane's Stochastic (%D-Slow) 61.64
Greed/Fear Indicator (GFI) 62.17
Moving Average Converg./Diverg. (MACD) -0.18
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.03
Bearish
Williams' Percentage Range (W%R) 38.60
Lane's Stochastic (%D-Slow) 27.96
Greed/Fear Indicator (GFI) 47.34
Moving Average Converg./Diverg. (MACD) 7.24
Trading Signals
Description Value Chart
Upper Bollinger Band 170.16
Daily Stochastic Crossing 161.81
Price 160.10
50 Day Moving Average 152.82
20 Day Moving Average 146.61
Weekly Stochastic Crossing 146.15
Parabolic System 144.76
Lower Bollinger Band 131.41
Sector and Industry
Description Name Rank
Sector Technology 3
Industry Internet Software & Svcs 92
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 131.28
Low Date 10/26/2018
High 176.59
High Date 11/02/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 74.01
Low Date 08/31/2016
High 176.59
High Date 11/02/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 70.26
Low Date 02/09/2016
High 176.59
High Date 11/02/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 16.23
Low Date 11/21/2008
High 176.59
High Date 11/02/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 3.92
Low Date 10/09/2002
High 176.59
High Date 11/02/2018
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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