VRSN Enters Squeeze Mode at $246.32

VeriSign, Inc (VRSN) closed up 0.24% at $246.32 on December 27.

Technical indicators paint a bullish picture:

• Moving Averages: Mixed signals with price near the 9-day EMA ($245.20). The 21-day EMA sits at $245.52.
• Momentum: RSI at 49.6 is in neutral territory but trending higher. MACD is bullish (-1.63 vs signal -2.14).
• Volatility: Stock has been in a TTM Squeeze for 9 days, indicating compressed volatility and potential for a significant move.

Key levels to watch: Support at $238.94, Resistance at $253.63.