VERITONE INC (VERI) Stock Technical Analysis
NASDAQ:VERI • US92347M1009
We assign a technical rating of 0 out of 10 to VERI. VERI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, VERI is a bad performer in the overall market: 82% of all stocks are doing better.
- VERI is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month VERI has a been trading in the 2.82 - 4.17 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.
- VERI has an average volume of 2425360 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- VERI is an average performer in the Software industry, it outperforms 68% of 274 stocks in the same industry.
- Considerably lower volume is observed in the last couple of days.
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
2.80
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 3.16 to 3.19. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @3.30 from a trend line in the daily time frame.
- Resistance @5.91 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 | 18 | NEGATIVE | VERI has a low relative strength, it was outperformed by 82% 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) | UP | MIXED | The current price of VERI is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 28.99 | OVERSOLD | The low RSI value suggests VERI may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests VERI has a negative trend. |
| Stochastics (14,3) | 6.7 | OVERSOLD | The low Stochastics value suggests VERI may be oversold. |
| Average True Range in percent/ATR (20) | 9.61 | HIGH VOLATILITY | The high ATR as a percentage value for VERI suggests high volalility. |
| Average Directional Index/ADX (14) | 37.23 | POSITIVE | The high ADX value value for VERI suggests a strong trend. |
2.83
-0.17 (-5.67%)
VERITONE INC / VERI FAQ
What is the technical rating for VERI stock?
ChartMill assigns a technical rating of 0 / 10 to VERI.
What is the current trend direction of VERITONE INC (VERI) stock?
The current trend direction for VERITONE INC (VERI) is Bearish.
What is the RSI signal for VERITONE INC (VERI) stock?
VERITONE INC (VERI) has an RSI value of 28.9948. This indicates that the stock is currently oversold.
Can you provide the short term momentum for VERITONE INC?
The short term momentum for VERITONE INC (VERI) is negative.
Can you provide the support and resistance levels for VERITONE INC?
VERITONE INC (VERI) has a resistance level at 3.16. Check the full technical report for our detailed analysis of VERI support and resistance levels.