VRSN RSI Flashes Buy Signal Near $213.45
Shares of VeriSign, Inc (VRSN) rose 0.93% to $213.45 on February 25.
From a technical standpoint, the outlook appears bearish:
Momentum
RSI at 30.0 is depressed in oversold territory, where bounces often originate. MACD is bearish (-8.67 vs signal -7.45).
Moving Averages
The stock trades below its 9-day EMA ($217.66) with the 21-day ($226.21) acting as overhead resistance.
Volatility
Bollinger Band width at 25.4% indicates normal volatility.
While EMAs remain bearish, the oversold RSI reading hints at potential support around $199.83.
Traders are watching $199.83 on the downside and $258.07 on the upside.
