Million

Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>VRSK stock made a double top pattern near $250 and retraced toward the 100 day EMA.</a> </li> 
 <li> <span>2</span> <a>VRSK stock price showed a reversal from the neckline of $250.</a> </li> 
</ul> 
<p>Verisk Analytics (NASDAQ: VRSK) VRSK stock was trading in an uptrend, touching $250 which it failed to surpass and made a double top pattern in the last sessions. Thereafter, a correction was witnessed on the charts and the price retested the 100 day EMA, exiting the rising parallel channel. However, the doji candlestick in the form of morning star was formed in yesterday’s trading session which indicates that bulls attempted a pullback and are looking to retest the 20 day EMA barrier. Furthermore, the price action shows that a bearish engulfing candlestick was formed near $250. Afterwards, the three black crows pattern which is considered to be a signal for a reversal, was witnessed. Amid the uptrend, VRSK stock failed to escape the barrier of $250 and sellers engaged in profit booking which led to a reversal.</p> 
<p>VRSK stock price is trading close to the 100 day EMA and bulls must hold the spot for a pullback. If they fail, a reversal will extend to $200 leading in a downtrend. Per the options chain, at the strike price of $230, a massive open interest of 214 hundred shares on the put side, whereas 108 hundred shares on the call side there, which shows the strong support zone. Conversely, $240 is the immediate barrier which if surpassed leads to a reversal toward $250.</p> 
<p>At press time, VRSK stock price was trading at $234.45 closed flat and made the doji candlestick in the yesterday trading session. Moreover, trading volume increased by 0.78% to 1.34 Million and the market cap is $34.002 Billion. However, analysts have maintained a buy rating with a yearly target price of $250.56 which suggests a growth outlook for the coming sessions.</p> 
<p>Verisk Analytics, Inc. engages in the provision of data analytics services. It serves insurance customers and focuses on the prediction of loss, the selection and pricing of risk, and compliance. The company was founded in 1971 and is headquartered in Jersey City, NJ.</p> 
<h2 class="wp-block-heading" id="strong-will-vrsk-stock-settle-at-100-day-ema-or-slip-to-200-strong"><strong>Will VRSK Stock Settle at 100 Day EMA or Slip to $200?</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" loading="lazy" width="1600" height="752" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-624.png" alt="VRSK Stock (NASDAQ: VRSK) Faced Rejection Near $250; Flips Back" class="wp-image-177369" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-624.png 1600w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-624-300x141.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-624-1024x481.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-624-768x361.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-624-1536x722.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-624-750x353.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-624-1140x536.png 1140w" sizes="(max-width: 1600px) 100vw, 1600px">
  <figcaption class="wp-element-caption">
   Source: VRSK Stock Price Chart At TradingView
  </figcaption>
 </figure>
</div> 
<p>On the daily charts, VRSK stock price is trading near the 100 day EMA and made a morning star candlestick in yesterday’s trading session. Furthermore, the chart highlights the channel breakdown and that VRSK stock may retest the lower trendline of the channel near $240, thereafter may continue to slip toward $200. Amid the uptrend, sellers are trying to extend the correction and are willing to push VRSK ahead of the Q3 numbers.</p> 
<p>The RSI curve is in the oversold region and formed a bullish divergence which indicates that a pullback will be anticipated. The MACD shows a bearish crossover and red bars on the histogram suggesting a negative outlook.</p> 
<h4 class="wp-block-heading"><strong>Summary&nbsp;</strong></h4> 
<p><a href="https://www.thecoinrepublic.com/2023/10/20/snap-stock-surges-11-will-quarterly-earnings-fuel-the-rally/" target="_blank" rel="noreferrer noopener">Verisk Analytics </a>(NASDAQ: VRSK) VRSK share price exited the rising channel and showed breakdown. Furthermore, the trend flipped to neutral from uptrend and a correction was witnessed on the charts which may extend toward $200 if it slips below the 100 day EMA support zone.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p>Support Levels: $230 and $220</p> 
<p>Resistance Levels: $240 and $250</p> 
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4> 
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.</p>

VRSK Stock (NASDAQ: VRSK) Faced Rejection Near $250; Flips Back

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