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Uptrend ExhaustionArchive
- 4/19/2024 -
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VeriSign Inc. (VRSN) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the VeriSign Inc. (VRSN). During the week, the VRSN gave back -1.31 points, or -0.71%, and closed at 184.12 on Friday, April 19, 2024. Weekly volume was 14% above average.
VRSN is a member of Internet Services & Infrastructure Industry. Internet Services & Infrastructure is the ninth 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 downtrend had started on May 22, 2023 at 229.72 and reached 181.57 on April 17, 2024. VRSN lost 48.15 points, or 20.96%, in 47 weeks. The price is now at the 5.30% 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 181.57 on April 17, 2024. VRSN lost 39.34 points, or 17.81%, in 17 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (182.04) 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 Relative Strength Index and Lane's Stochastic are oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Relative Strength Index and Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Weekly Lane's Stochastic has bullish 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 bullish 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 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 April 2, 2024 at 192.23 and reached 181.57 on April 17, 2024. VRSN lost 10.66 points, or 5.55%, in 15 days. The chart has formed a Broadening Descending Wedge chart pattern.
 Daily Technical Indicators: [See VRSN daily technical indicators chart]
Daily Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Lane's Stochastic.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
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