RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of VRSN
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VeriSign stock downgraded to Sell Candidate
(Updated on Mar 28, 2024)

Sell candidate since Mar 28, 2024 PDF

The VeriSign stock price gained 0.217% on the last trading day (Thursday, 28th Mar 2024), rising from $189.10 to $189.51. During the last trading day the stock fluctuated 0.92% from a day low at $188.85 to a day high of $190.58. The price has fallen in 6 of the last 10 days and is down by -0.56% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 37 thousand more shares were traded than the day before. In total, 513 thousand shares were bought and sold for approximately $97.21 million.

The stock lies in the middle of a narrow and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -7.73% during the next 3 months and, with a 90% probability hold a price between $172.15 and $179.09 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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VRSN Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has risen 1.29%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The VeriSign stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $192.71. On a fall, the stock will find some support from the short-term average at $188.92. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for VeriSign stock

VeriSign finds support from accumulated volume at $189.10 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.73 between high and low, or 0.92%. For the last week the stock has had daily average volatility of 1.37%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (VRSN) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect VeriSign to open at $189.65, and during the day (based on 14 day Average True Range), to move between $186.71 and $192.31, which gives a possible trading interval of +/-$2.80 (+/-1.48%) up or down from last closing price. If VeriSign takes out the full calculated possible swing range there will be an estimated 2.96% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $189.10 (0.22%) than the resistance at $195.84 (3.34%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is VeriSign stock A Buy?

VeriSign holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -2.658 Sell Candidate Downgraded

Predicted Opening Price for VeriSign of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$189.65 ( 0.0721%) $189.51

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for VRSN

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 191.38 0.98 %
R2 190.72 0.636 %
R1 190.31 0.421 %
Current price: 189.51
Support S1 188.99 -0.277 %
S2 188.58 -0.492 %
S3 187.92 -0.84 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 201.80 6.49 %
R2 198.38 4.68 %
R1 195.84 3.34 %
Current price 189.51
Support S1 189.10 -0.216%
S2 188.85 -0.348%
S3 187.19 -1.22%

VRSN Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Apr 28, 2011 May 05, 2011 May 18, 2011 $2.75 7.37%
2 Dec 10, 2010 Dec 16, 2010 Dec 28, 2010 $3.00 9.11%

FAQ

What is the symbol for VeriSign Stock and on which exchange is it traded?
The symbol for VeriSign is VRSN and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell VeriSign Stock?
VeriSign holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

How to buy VeriSign Stock?
VeriSign Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy VeriSign Stock.

What's the current price of VeriSign Stock?
As of the end of day on the 2024-03-28, the price of an VeriSign (VRSN) share was $189.51.

What is the 52-week high and low for VeriSign Stock?
The 52-week high for VeriSign Stock is $229.72 and the 52-week low is $185.19.

What is the market capitalization of VeriSign Stock?
As of the 2024-03-28, the market capitalization of VeriSign is 19.122B.

When is the next earnings date for VeriSign?
The upcoming earnings date for VeriSign is Apr 25, 2024.
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About VeriSign

VeriSign VeriSign, Inc., together with its subsidiaries, provides domain name registry services and internet infrastructure that enables internet navigation for various recognized domain names worldwide. It enables the security, stability, and resiliency of internet infrastructure and services, including providing root zone maintainer services, operating two of the 13 internet root servers; and offering registration services and authoritative resolution f... VRSN Profile

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