VERISIGN INC. - 1H - Technical analysis published on 07/17/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 176.80 USD
My targets
180.92 USD (+0.70%)
183.50 USD (+2.14%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on VERISIGN INC. as long as the price remains well above 176.80 USD. The buyers' bullish objective is set at 180.92 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 183.50 USD. If there is any crossing, the next objective would be the resistance located at 188.32 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.9
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The VERISIGN INC. rating is 179.66 USD. The price registered a decrease of -0.08% on the session and was traded between 177.86 USD and 181.04 USD over the period. The price is currently at +1.01% from its lowest and -0.76% from its highest.177.86
181.04
179.66
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of VERISIGN INC. indicates that the overall trend is strongly bullish. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 174.59 | 176.80 | 179.14 | 179.66 | 179.97 | 180.92 | 181.81 |
| Change (%) | -2.82% | -1.59% | -0.29% | - | +0.17% | +0.70% | +1.20% |
| Change | -5.07 | -2.86 | -0.52 | - | +0.31 | +1.26 | +2.15 |
| Level | Minor | Intermediate | Minor | - | Intermediate | Intermediate | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 174.11 | 175.69 | 177.75 | 179.33 | 181.39 | 182.97 | 185.03 |
| Camarilla | 178.80 | 179.13 | 179.47 | 179.80 | 180.13 | 180.47 | 180.80 |
| Woodie | 174.34 | 175.81 | 177.98 | 179.45 | 181.62 | 183.09 | 185.26 |
| Fibonacci | 175.69 | 177.08 | 177.94 | 179.33 | 180.72 | 181.58 | 182.97 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 170.03 | 171.71 | 174.74 | 176.42 | 179.45 | 181.13 | 184.16 |
| Camarilla | 176.47 | 176.90 | 177.33 | 177.76 | 178.19 | 178.62 | 179.06 |
| Woodie | 170.70 | 172.05 | 175.41 | 176.76 | 180.12 | 181.47 | 184.83 |
| Fibonacci | 171.71 | 173.51 | 174.62 | 176.42 | 178.22 | 179.33 | 181.13 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 162.77 | 168.05 | 172.93 | 178.21 | 183.09 | 188.37 | 193.25 |
| Camarilla | 175.01 | 175.94 | 176.87 | 177.80 | 178.73 | 179.66 | 180.59 |
| Woodie | 162.56 | 167.95 | 172.72 | 178.11 | 182.88 | 188.27 | 193.04 |
| Fibonacci | 168.05 | 171.93 | 174.33 | 178.21 | 182.09 | 184.49 | 188.37 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 60.17 | |
| MACD (12,26,9): | 0.9600 | |
| Directional Movement: | 8.83 | |
| AROON (14): | 71.42 | |
| DEMA (21): | 180.10 | |
| Parabolic SAR (0,02-0,02-0,2): | 178.02 | |
| Elder Ray (13): | 0.90 | |
| Super Trend (3,10): | 177.00 | |
| Zig ZAG (10): | 180.15 | |
| VORTEX (21): | 1.1300 | |
| Stochastique (14,3,5): | 83.72 | |
| TEMA (21): | 180.47 | |
| Williams %R (14): | -20.04 | |
| Chande Momentum Oscillator (20): | 3.20 | |
| Repulse (5,40,3): | 0.0400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0800 | |
| Courbe Coppock: | 2.19 |
| MA7: | 176.89 | |
| MA20: | 177.60 | |
| MA50: | 175.57 | |
| MA100: | 181.32 | |
| MAexp7: | 179.83 | |
| MAexp20: | 178.86 | |
| MAexp50: | 177.64 | |
| MAexp100: | 177.26 | |
| Price / MA7: | +1.57% | |
| Price / MA20: | +1.16% | |
| Price / MA50: | +2.33% | |
| Price / MA100: | -0.92% | |
| Price / MAexp7: | -0.09% | |
| Price / MAexp20: | +0.45% | |
| Price / MAexp50: | +1.14% | |
| Price / MAexp100: | +1.35% |
Quotes :
-
15 min delayed data
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NASDAQ Stocks
News
The latest news and videos published on VERISIGN INC. at the time of the analysis were as follows:
- Verisign Reports Second Quarter 2023 Results
- Verisign to Report Second Quarter 2023 Financial Results
- Verisign Reports Internet Has 354.0 Million Domain Name Registrations at the End of the First Quarter of 2023
- Verisign Statement Regarding ICANN’s Decision on .Web
- Verisign Reports First Quarter 2023 Results
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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