The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

Archive
- 4/17/2025 -
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VeriSign Inc. (VRSN) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are overboughtOversold sectorBroken trend resistance lineBroken trend resistance line
Daily :The price has risen above the Parabolic SAR
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It was the negative week for the VeriSign Inc. (VRSN). During the week, the VRSN gave back -0.43 points, or -0.17%, and closed at 246.67 on Thursday, April 17, 2025. Weekly volume was 12% above average.

VRSN is a member of Information Technology Sector. Information Technology is the most oversold 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 downtrend had started on December 30, 2021 at 257.03 and reached 155.28 on June 17, 2022. VRSN lost 101.75 points, or 39.59%, in 24 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (173.06) 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 long-term trend.

Medium-term trend: [See VRSN medium-term trend chart]
A medium-term uptrend had started on May 2, 2024 at 167.05 and reached 258.70 on April 3, 2025. VRSN gained -91.65 points, or -54.86%, in 48 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (183.69) 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 Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. 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 above its signal line since June 14, 2024. This is an indication that the medium-term trend is up. 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 April 9, 2025 at 229.30 and reached 251.20 on April 15, 2025. VRSN gained -21.90 points, or -9.55%, in 6 days. The price is now at the 20.68% retracement level.

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

The daily MACD line is below its signal line since April 3, 2025. 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) 45.53
Williams' Percentage Range (W%R) 43.90
Lane's Stochastic (%D-Slow) 68.20
Greed/Fear Indicator (GFI) 56.61
Moving Average Converg./Diverg. (MACD) 2.61
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 79.78
Williams' Percentage Range (W%R) 16.50
Overbought
Lane's Stochastic (%D-Slow) 81.99
Overbought
Greed/Fear Indicator (GFI) 76.67
Moving Average Converg./Diverg. (MACD) 13.03
Trading Signals
Description Value Chart
Monthly Trendline Resistance 265.91
Upper Bollinger Band 256.95
Weekly Stochastic Crossing 252.52
20 Day Moving Average 247.21
Price 246.67
Daily Stochastic Crossing 244.66
50 Day Moving Average 239.48
Monthly Trendline Support 233.55
Lower Bollinger Band 233.11
Parabolic System 229.95
Quarterly Trendline Resistance 200.43
Sector and Industry
Description Name Rank
Sector Information Technology 1
Industry Internet Services & Infrastructure 95
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 229.30
Low Date 04/09/2025
High 251.20
High Date 04/15/2025
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 258.70
High Date 04/03/2025
Low 229.30
Low Date 04/09/2025
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 265.91
Support 233.55
Low 175.60
Low Date 11/01/2024
High 258.70
High Date 04/03/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 200.43
Support 183.69
Low 167.05
Low Date 05/02/2024
High 258.70
High Date 04/03/2025
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 192.32
Support 173.06
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.