VERITONE INC (VERI) Stock Technical Analysis
USA - NASDAQ:VERI - US92347M1009 - Common Stock
Taking everything into account, VERI scores 7 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Although VERI has an excellent technical rating, it does not offer a high 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.
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2.02
3 important support areas can be observed.
- A support zone ranging from 4.26 to 4.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @4.02 from a trend line in the daily time frame.
- Support @2.04 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 | UP | POSITIVE | The long term trend for VERI is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for VERI is down. |
| ChartMill Relative Strength | 93.18 | POSITIVE | VERI has a high relative strength, it outperformed 93.18% 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) | UP | MIXED | The current price of VERI is below 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) | 38.12 | NEUTRAL | The RSI value for VERI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.31 | NEGATIVE | The MACD value suggests VERI has a negative trend. |
| Stochastics (14,3) | 5.13 | OVERSOLD | The low Stochastics value suggests VERI may be oversold. |
| Average True Range in percent/ATR (20) | 15.57 | HIGH VOLATILITY | The high ATR as a percentage value for VERI suggests high volalility. |
| Average Directional Index/ADX (14) | 25 | NEUTRAL | The ADX value for VERI suggests a possible start of a new trend. |
4.3
+0.03 (+0.7%)
VERITONE INC / VERI FAQ
What is the technical rating for VERI stock?
ChartMill assigns a technical rating of 7 / 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 38.1196. 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 negative.
What is the buy/sell signal for VERI stock?
The buy/sell signal for VERITONE INC (VERI) is hold as the short term and long term trends are mixed.