Taking everything into account, VERI scores 2 out of 10 in our technical rating. VERI has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- In the last month VERI has a been trading in the 4.36 - 5.44 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 is one of the better performing stocks in the Software industry, it outperforms 84% of 276 stocks in the same industry.
- VERI has an average volume of 3638660 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- When comparing the yearly performance of all stocks, we notice that VERI is one of the better performing stocks in the market, outperforming 75% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- VERI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so VERI is lagging the market.
- 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
2.02
We found 3 important support areas.
- Support @3.95 from a horizontal line in the weekly time frame.
- Support @3.85 from a horizontal line in the daily time frame.
- Support @2.04 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 4.70 to 4.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 5.13 to 5.15. This zone is formed by a combination of multiple trend lines 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 | 75.71 | POSITIVE | VERI has a high relative strength, it outperformed 75.71% 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 | POSITIVE | The current price of VERI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 37.22 | NEUTRAL | The RSI value for VERI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests VERI has a negative trend. |
| Stochastics (14,3) | 15.21 | OVERSOLD | The low Stochastics value suggests VERI may be oversold. |
| Average True Range in percent/ATR (20) | 6.54 | HIGH VOLATILITY | The high ATR as a percentage value for VERI suggests high volalility. |
| Average Directional Index/ADX (14) | 10.56 | NEGATIVE | The low ADX value for VERI suggests a weak or negative trend. |
4.45
+0.08 (+1.83%)
VERITONE INC / VERI FAQ
What is the technical rating for VERI stock?
ChartMill assigns a technical rating of 2 / 10 to VERI.
What is the current trend direction of VERITONE INC (VERI) stock?
The current trend direction for VERITONE INC (VERI) is Bullish.
What is the RSI signal for VERITONE INC (VERI) stock?
VERITONE INC (VERI) has an RSI value of 37.2177. This indicates that the stock is currently neutral.
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 support level at 3.95 and a resistance level at 4.7. Check the full technical report for our detailed analysis of VERI support and resistance levels.