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Uptrend Broken SupportArchive
- 4/26/2024 -
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Verisk Analytics (VRSK) Technical Analysis
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| Summary:
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| | It was the negative week for the Verisk Analytics (VRSK). During the week, the VRSK gave back -1.38 points, or -0.62%, and closed at 221.14 on Friday, April 26, 2024. VRSK was trading at average weekly trading volume.
VRSK is a member of Industrials Sector. Industrials is the second most overbought sector. VRSK is a member of Research & Consulting Services Industry. Research & Consulting Services is the eighth 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 VRSK long-term trend chart]
A long-term uptrend had started on June 16, 2022 at 156.05 and reached 251.98 on February 7, 2024. VRSK gained -95.93 points, or -61.47%, in 85 weeks. The price is now at the 32.15% retracement level.
 Medium-term trend: [See VRSK medium-term trend chart]
A medium-term downtrend had started on February 7, 2024 at 251.98 and reached 219.66 on April 24, 2024. VRSK lost 32.32 points, or 12.83%, in 11 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 217.75 and resistance is at 223.45. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a medium-term trend.
 Weekly Technical Indicators: [See VRSK weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold 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 below its signal line since September 29, 2023. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help.
 Short-term trend: [See VRSK short-term trend chart]
A short-term downtrend had started on April 25, 2024 at 224.13 and reached 220.66 on April 26, 2024. VRSK lost 3.47 points, or 1.55%, in 1 days. The price is now at the 13.83% retracement level.
 Daily Technical Indicators: [See VRSK daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
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