VRSN ends the day on a bullish note closing near the high of the day

Verisign Inc. (VRSN) Technical Analysis Report for Sep 14, 2018

Highlights

VRSN closes above its opening price after recovering from early selling pressure
VRSN closes higher for the 2nd day in a row
VRSN ends the day on a bullish note closing near the high of the day
VRSN finds buyers again around 162.03
VRSN pushes through previous session high

TQ Sentiment

Report Sentiment: 66% Bullish
Technical Forecast:

Overview

Moving higher for the 2nd day in a row, VRSN ended the week 3.71% higher at 163.65 after gaining $1.53 (0.94%) today. Today's closing price of 163.65 marks the highest close since October 24, 2000. Trading up to $0.91 lower after the open, the market managed to reverse during the session as bulls took control ending the day above its opening price. Closing above Thursday's high at 163.57, the stock confirms its breakout through the prior session's high having traded $0.47 above it intraday. Ending with a strong close near the high of the day sets a bullish note for the next session.

Daily chart for VRSN

Volatility

Friday's trading range was $2.01 (1.23%), that's slightly below last trading month's daily average range of $2.18. Things look different on a weekly scale, where volatility is slightly above the markets average with the monthly volatility being slightly above average.

Support/Resistance

After having been unable to move lower than 161.76 in the previous session, Verisign Inc. found buyers again around the same price level today at 162.03.

Trend

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.

Conclusion

Both sentiments, the classical technical analysis and our quantitative statistics are in perfect alignment today showing a bullish sentiment for the next trading day.

Market Conditions for Verisign Inc.

Loading Market Conditions for $VRSN (Verisign Inc.)...
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Verisign Inc. traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Find out more
Top Market Movers

Related Stocks

AAPL 10 day candlestick chart for AAPL 218.37 0.13 (0.06%)
ACIA 10 day candlestick chart for ACIA 39.12 0.34 (0.88%)
ACN 10 day candlestick chart for ACN 173.14 0.73 (0.42%)
ADBE 10 day candlestick chart for ADBE 264.88 -5.91 (-2.18%)
ADI 10 day candlestick chart for ADI 92.58 0.72 (0.78%)
ADSK 10 day candlestick chart for ADSK 148.40 -0.39 (-0.26%)
AKAM 10 day candlestick chart for AKAM 73.74 -0.59 (-0.79%)
AMAT 10 day candlestick chart for AMAT 39.04 -0.15 (-0.38%)
AMD 10 day candlestick chart for AMD 31.21 -0.72 (-2.25%)
ANET 10 day candlestick chart for ANET 270.20 3.04 (1.14%)
You have free reports remaining. Subscribe for unlimited access...SUBSCRIBELOGINGO!