VERITONE INC (VERI) Stock Technical Analysis
USA - NASDAQ:VERI - US92347M1009 - Common Stock
Overall VERI gets a technical rating of 9 out of 10. Both in the recent history as in the last year, VERI has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, VERI also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 6.14, a Stop Loss order could be placed below this zone.
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4 important support areas can be observed.
- A support zone ranging from 6.01 to 6.14. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 4.78 to 4.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.73 from a trend line in the daily time frame.
- Support @2.34 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @6.75 from a trend 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 | UP | POSITIVE | The long term trend for VERI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for VERI is up. |
| ChartMill Relative Strength | 97.48 | POSITIVE | VERI has a high relative strength, it outperformed 97.48% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of VERI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of VERI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of VERI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.85 | NEUTRAL | The RSI value for VERI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests VERI has a negative trend. |
| Stochastics (14,3) | 31.22 | NEUTRAL | The Stochastics value for VERI is a neutral value. |
| Average True Range in percent/ATR (20) | 13.72 | HIGH VOLATILITY | The high ATR as a percentage value for VERI suggests high volalility. |
| Average Directional Index/ADX (14) | 37.31 | POSITIVE | The high ADX value value for VERI suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 6.76 | 6.00 | 0.76 (11.24%) | 8.89% |
| An entry @6.76. This is a Buy Stop order right above the resistance zone. | An exit @6.00. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.76 points, which is 11.24%. | When investing 8.89% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of VERI. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
6.26
+0.25 (+4.07%)
VERITONE INC / VERI FAQ
What is the technical rating for VERI stock?
ChartMill assigns a technical rating of 9 / 10 to VERI.
Can you provide the trend direction for VERITONE INC?
The current trend direction for VERITONE INC (VERI) is Bullish.
Can you provide the RSI signal for VERITONE INC?
VERITONE INC (VERI) has an RSI value of 53.8461. This indicates that the stock is currently neutral.
What is the short term momentum for VERI stock?
The short term momentum for VERITONE INC (VERI) is positive.
What is the buy/sell signal for VERI stock?
The buy/sell signal for VERITONE INC (VERI) is buy as both the short term and long term trends are positive.