VERITONE INC (VERI) Stock Technical Analysis
NASDAQ:VERI - Nasdaq - US92347M1009 - Common Stock - Currency: USD
Overall VERI gets a technical rating of 0 out of 10. VERI's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, VERI is a bad performer in the overall market: 94% of all stocks are doing better.
VERI is one of the lesser performing stocks in the Software industry. 83% of 282 stocks in the same industry do better.
VERI is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so VERI is lagging the market.
In the last month VERI has a been trading in the 1.53 - 2.10 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The technical rating of VERI is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
1.55
3.90
We can see 4 important resistance areas.
- Resistance @1.65 from a trend line in the daily time frame.
- Resistance @1.75 from a horizontal line in the daily time frame.
- Resistance @2.97 from a trend line in the daily time frame.
- Resistance @3.86 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for VERI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for VERI is down. |
| ChartMill Relative Strength | 6.43 | NEGATIVE | VERI has a low relative strength, it was outperformed by 93.57% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of VERI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of VERI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of VERI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 31.49 | NEUTRAL | The RSI value for VERI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests VERI has a negative trend. |
| Stochastics (14,3) | 12.56 | OVERSOLD | The low Stochastics value suggests VERI may be oversold. |
| Average True Range in percent/ATR (20) | 7.33 | HIGH VOLATILITY | The high ATR as a percentage value for VERI suggests high volalility. |
| Average Directional Index/ADX (14) | 29.22 | POSITIVE | The high ADX value value for VERI suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
1.57
+0.02 (+0.96%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.96%
1 Week-9.25%
2 Weeks-11.3%
1 Month-22.66%
3 Month-43.12%
6 Month-40.53%
12 Month-46.78%
2 Year-60.15%
3 Year-79.82%
5 Year-81.51%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.11
ATR(20)%7.33%
ATR Inc13.28%
Range Today0.05
ADR(20)0.11
ADR(20)%6.84%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.43
Mansfield-4.65
10 Day High1.87
10 Day Low1.53
20 Day High2.1
20 Day Low1.53
52 Week High5.64
52 Week Low1.53
CS1 EndN/A
CR1 Start1.65
Volume & EV
DER(3)-11.16%
DER(5)-8.15%
Volume635.60K
Volume Incr33.38%
Vol(5)746.90K
Vol(50)505.00K