(VRSN) Trading Signals

February 03, 2024, 01:12 am ET, BY Christie- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for VRSN

• Buy VRSN slightly over 194.62 target 206.76 stop loss @ 194.06 Details

The technical summary data tells us to buy VRSN near 194.62 with an upside target of 206.76. This data also tells us to set a stop loss @ 194.06 to protect against excessive loss in case the stock begins to move against the trade. 194.62 is the first level of support below 199.6 , and by rule, any test of support is a buy signal. In this case, support 194.62 would be being tested, so a buy signal would exist.

• Short VRSN slightly under 206.76, target 194.62, stop loss @ 207.36 Details

The technical summary data is suggesting a short of VRSN as it gets near 206.76 with a downside target of 194.62. We should have a stop loss in place at 207.36though. 206.76 is the first level of resistance above 199.6, and by rule, any test of resistance is a short signal. In this case, if resistance 206.76 is being tested, so a short signal would exist.

Swing Trading Plans for VRSN

• Buy VRSN slightly over 203.05, target 206.76, Stop Loss @ 202.46 Details

If 203.05 begins to break higher, the technical summary data tells us to buy VRSN just slightly over 203.05, with an upside target of 206.76. The data also tells us to set a stop loss @ 202.46 in case the stock turns against the trade. 203.05 is the first level of resistance above 199.6, and by rule, any break above resistance is a buy signal. In this case, 203.05, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short VRSN slightly near 203.05, target 198.94, Stop Loss @ 203.64. Details

The technical summary data is suggesting a short of VRSN if it tests 203.05 with a downside target of 198.94. We should have a stop loss in place at 203.64 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 203.05, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for VRSN

• Buy VRSN slightly over 200.8, target 203.05, Stop Loss @ 200.33 Details

If 200.8 begins to break higher, the technical summary data tells us to buy VRSN just slightly over 200.8, with an upside target of 203.05. The data also tells us to set a stop loss @ 200.33 in case the stock turns against the trade. 200.8 is the first level of resistance above 199.6, and by rule, any break above resistance is a buy signal. In this case, 200.8, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short VRSN slightly near 200.8, target 198.94, Stop Loss @ 201.27. Details

The technical summary data is suggesting a short of VRSN if it tests 200.8 with a downside target of 198.94. We should have a stop loss in place at 201.27 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 200.8, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Verisign Inc. (VRSN) available here: VRSN.

VRSN Ratings for February 03:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Neutral
P1	0	0	194.62
P2	198.81	198.94	206.76
P3	200.8	203.05	218.45

AI Generated Signals for VRSN

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Trading Verisign Inc. (NASDAQ: VRSN) can be efficient and rewarding, especially in volatile markets, so long as the important pivot points for the stock are observed before making decisions to buy, sell, or short.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for VRSN change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if VRSN is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for VRSN too.  All of these are offered below the Summary Table.