VERITONE INC (VERI) Stock Technical Analysis
NASDAQ:VERI - Nasdaq - US92347M1009 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to VERI. Although VERI is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
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 2.73 - 3.79 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 78% of 283 stocks in the same industry.
VERI has an average volume of 1116240 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When comparing the yearly performance of all stocks, we notice that VERI is one of the better performing stocks in the market, outperforming 90% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
VERI has an average technical rating and it also 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.
More info and screens
2.24
3.72
We found 2 important support areas.
- Support @2.42 from a trend line in the weekly time frame.
- Support @2.26 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- Resistance @3.68 from a trend line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.63
Mansfield-1.93
10 Day High3.79
10 Day Low2.81
20 Day High3.79
20 Day Low2.73
52 Week High7.76
52 Week Low1.66
Performance
1 Week-23.83%
2 Weeks-11.92%
1 Month-9.68%
3 Month4.21%
6 Month-13.79%
12 Month58.5%
2 Year-59.87%
3 Year-83.11%
5 Year6.16%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.06
RSI(14)42.57
LBB2.84
UBB3.77
2.845
-0.1 (-3.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-3.4%
1 Week-23.83%
2 Weeks-11.92%
1 Month-9.68%
3 Month4.21%
6 Month-13.79%
12 Month58.5%
2 Year-59.87%
3 Year-83.11%
5 Year6.16%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.31
ATR(20)%10.09%
ATR Inc-37.34%
Range Today0.18
ADR(20)0.28
ADR(20)%10%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.63
Mansfield-1.93
10 Day High3.79
10 Day Low2.81
20 Day High3.79
20 Day Low2.73
52 Week High7.76
52 Week Low1.66
CS1 End2.42
CR1 Start3.68
Volume & EV
DER(3)-6.31%
DER(5)-7.51%
Volume770.40K
Volume Incr8.4%
Vol(5)834.86K
Vol(50)1.12M