VERITONE INC (VERI) Stock Technical Analysis
NASDAQ:VERI - Nasdaq - US92347M1009 - Common Stock - Currency: USD
Overall VERI gets a technical rating of 8 out of 10. VERI has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
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.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
VERI has an average volume of 1929620 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, VERI did better than 80% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
VERI is an average performer in the Software industry, it outperforms 69% of 282 stocks in the same industry.
In the last month VERI has a been trading in the 1.42 - 3.19 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
VERI has an excellent technical rating, but the quality of the setup is only medium 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
1.69
2.84
When analyzing the support we can see 2 important areas.
- A support zone ranging from 2.13 to 2.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 1.71 to 1.73. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 2.80 to 2.81. 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 | NEUTRAL | NEUTRAL | The long term trend for VERI is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for VERI is up. |
| ChartMill Relative Strength | 80.73 | POSITIVE | VERI has a high relative strength, it outperformed 80.73% 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) | DOWN | NEGATIVE | The current price of VERI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 61.44 | NEUTRAL | The RSI value for VERI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests VERI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 47.15 | NEUTRAL | The Stochastics value for VERI is a neutral value. |
| Average True Range in percent/ATR (20) | 10.89 | HIGH VOLATILITY | The high ATR as a percentage value for VERI suggests high volalility. |
| Average Directional Index/ADX (14) | 32.31 | 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)
2.48
+0.34 (+15.89%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg15.89%
1 Week14.81%
2 Weeks-11.43%
1 Month63.16%
3 Month37.02%
6 Month-29.14%
12 Month5.08%
2 Year-19.22%
3 Year-66.26%
5 Year-70.01%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.34
ATR(20)%10.89%
ATR Inc-20.51%
Range Today0.32
ADR(20)0.25
ADR(20)%10.09%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.73
Mansfield-1.49
10 Day High2.94
10 Day Low1.9
20 Day High3.19
20 Day Low1.42
52 Week High5.64
52 Week Low1.22
CS1 End2.16
CR1 Start2.8
Volume & EV
DER(3)2.9%
DER(5)-0.44%
Volume2.30M
Volume Incr-41.82%
Vol(5)1.86M
Vol(50)1.93M