VERI Technical Analysis - VERITONE INC

Technical Rating and Analysis

Taking everything into account, VERI scores 9 out of 10 in our technical rating. 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.

The long and short term trends are both positive. This is looking good!

VERI is one of the better performing stocks in the Software industry, it outperforms 92% of 281 stocks in the same industry.

VERI is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so VERI is lagging the market slightly.

VERI has an average volume of 4951210 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 97% of all other stocks. However, this relatively good performance is mostly due to a recent big move.

In the last month VERI has a been trading in the 2.57 - 6.42 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

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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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

2.02

5.41

We found 3 important support areas.

Support @3.03 from a trend line in the daily time frame.
Support @2.74 from a trend line in the daily time frame.
Support @2.04 from a horizontal line in the daily time frame.

We found 1 important resistance area.

Resistance @5.36 from a horizontal line in the weekly time frame.

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Technical Indicator Signal Analysis

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	97.11	POSITIVE	VERI has a high relative strength, it outperformed 97.11% 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)	59.75	NEUTRAL	The RSI value for VERI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.06	POSITIVE	The MACD value suggests VERI has a positive trend, although the MACD value is declining.
Stochastics (14,3)	64.07	NEUTRAL	The Stochastics value for VERI is a neutral value.
Average True Range in percent/ATR (20)	12.01	HIGH VOLATILITY	The high ATR as a percentage value for VERI suggests high volalility.
Average Directional Index/ADX (14)	41.39	POSITIVE	The high ADX value value for VERI suggests a strong trend.