Score 8.7 (out of 10): VERISIGN INC poised to rally +8.5% rally in 3 months

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What’s Going On Here?

Verisign is a global provider of domain name registry services. The company announced that Q4 as well as full year 2021 earnings will be released on Feb 10.

Why Now?

VERISIGN INC has reached a new medium term low. Previously, during similar occasions, VERISIGN INC shares had a median return of +8.5%, over the following 3 months based on 10 historical occasions with 9 of those showing positive returns (90% hit ratio). This buy signal for VERISIGN INC received a high score of 8.7 (out of 10). This insight was generated on 2022-January-18 with last price of 220.1.

What’s This Company About?

VERISIGN INC is in the Web Hosting/Design business. Based on the last 2 years’ risk/return profile, this asset is seen as Very Risky. Ticker symbol: VRSN US.

What’s My Risk / Reward and Time Horizon?

We found 3 months to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 238.81 (+8.5%) has been reached. Based on VERISIGN INC’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 217.6 (last price at 220.1), which is equivalent to a -1.1% decline.

Returns during similar periods:

The chart above shows the previous returns (in %) based on similar setups with the most recent ‘insight’ shown under (1), the second most recent ‘insight’ shown under (2), etc. 

Previous episodes:

15.5% (October-2021), 4.6% (August- 2021), 12.8% (January-2021), 2.5% (October-2020), 6.5% (July-2020), 15.4% (February-2020), -4.4% (September-2019), 10.5% (October-2018), 12.6% (February-2018), 3.7% (August-2016).

Historical Chart:

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Summary:

NameVERISIGN INC
ViewUp
Star (1 to 10)8.7
Target+8.5%
Time3 months
Hit Rate90%

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