RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of VERI
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Volatile ride for Veritone Inc stock price on Wednesday moving between $5.58 and $6.99
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 13, 2024 Gain 165.44% PDF

The Veritone Inc stock price fell by -6.49% on the last day (Wednesday, 27th Mar 2024) from $6.16 to $5.76. During the last trading day the stock fluctuated 25.27% from a day low at $5.58 to a day high of $6.99. The price has risen in 7 of the last 10 days and is up by 165.44% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -4 million shares and in total, 5 million shares were bought and sold for approximately $31.11 million.

The stock lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $6.20 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 63.01% during the next 3 months and, with a 90% probability hold a price between $3.49 and $10.11 at the end of this 3-month period.

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VERI Signals & Forecast

The Veritone Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $4.76 and $2.73. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, March 26, 2024, and so far it has fallen -6.49%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Veritone Inc stock

On the downside, the stock finds support just below today's level from accumulated volume at $5.01 and $4.87. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $4.87 may give a huge drop in the stock price.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $1.41 between high and low, or 25.27%. For the last week, the stock has had daily average volatility of 28.74%.

The Veritone Inc stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: $5.44 (-5.48%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 76 and this increases the risk substantially. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (VERI) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Veritone Inc to open at $6.11, and during the day (based on 14 day Average True Range), to move between $4.98 and $6.54, which gives a possible trading interval of +/-$0.783 (+/-13.59%) up or down from last closing price. If Veritone Inc takes out the full calculated possible swing range there will be an estimated 27.17% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $6.16 (6.94%) than the support at $5.01 (13.02%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Veritone Inc stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Veritone Inc stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.915 Buy Candidate Upgraded

Predicted Opening Price for Veritone Inc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$6.11 ( 6.08%) $5.76

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for VERI

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 7.52 30.56 %
R2 6.98 21.20 %
R1 6.65 15.43 %
Current price: 5.76
Support S1 5.57 -3.27 %
S2 5.24 -9.05 %
S3 4.70 -18.40 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 6.16 6.94 %
Current price 5.76
Support S1 5.01 -13.02%
S2 4.87 -15.45%
S3 0 .

FAQ

What is the symbol for Veritone Inc Stock and on which exchange is it traded?
The symbol for Veritone Inc is VERI and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Veritone Inc Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Veritone Inc stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Veritone Inc Stock?
Veritone Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Veritone Inc Stock.

What's the current price of Veritone Inc Stock?
As of the end of day on the 2024-03-27, the price of an Veritone Inc (VERI) share was $5.76.

What is the 52-week high and low for Veritone Inc Stock?
The 52-week high for Veritone Inc Stock is $6.99 and the 52-week low is $1.48.

What is the market capitalization of Veritone Inc Stock?
As of the 2024-03-27, the market capitalization of Veritone Inc is 213.867M.

When is the next earnings date for Veritone Inc?
The upcoming earnings date for Veritone Inc is May 07, 2024.
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About Veritone Inc

Veritone Veritone, Inc., together with its subsidiaries, provides artificial intelligence (AI) computing solutions in the United States and the United Kingdom. It develops and operates aiWARE platform, an AI operating system that uses machine learning algorithms or AI models, such as perception, prediction, and problem solving and optimization, as well as cognitive processes, including transcription, language translation, face detection and recognition, o... VERI Profile

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