VRSN - VeriSign, Inc. ready to resume bullish trend
Context Technical Analysis
For about a month, VRSN has been moving in a range, the orange box.
In the last three sessions, though, the price found support on its 20-day moving average and, with three bullish candlesticks moved to the upper Bollinger Bands and the blue resistance line.
After a long bullish run, momentum shows some weakness during the range, but it's just below its signal line
The Relative Strength of VRSN has been moving mostly above its 20-day exponential moving average since late February.
Higher Time Frame
From VRSN's weekly chart below, we can see:
VRSN has moved above its 10- and 20-week moving average with a series of bullish candlesticks
The MACD is rising and it's above its signal line
VRSN's Relative Strength is moving up and well above its 20-week moving average.