Veritone Inc Stock Forecast

VERI Signals & Forecast

Mostly positive signals in the chart today. The Veritone Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $2.21 and $2.28. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, November 10, 2023, and so far it has risen 44.51%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Veritone Inc has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.

Get your hands on a piece of history – invest in multi-million dollar paintings from $10k with Masterworks.

Support, Risk & Stop-loss for Veritone Inc stock

On the downside, the stock finds support just below today's level from accumulated volume at $2.07 and $2.06. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Veritone Inc finds support just below today's level at $2.07. If this is broken, then the next support from accumulated volume will be at $2.06 and $1.83.

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 $0.390 between high and low, or 18.93%. For the last week, the stock has had daily average volatility of 12.31%.

Our recommended stop-loss: $2.29 (-3.56%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 14 days ago.)

Trading Expectations (VERI) For The Upcoming Trading Day Of Monday 4th

For the upcoming trading day on Monday, 4th we expect Veritone Inc to open at $2.29, and during the day (based on 14 day Average True Range), to move between $2.13 and $2.61, which gives a possible trading interval of +/-$0.238 (+/-10.05%) up or down from last closing price. If Veritone Inc takes out the full calculated possible swing range there will be an estimated 20.10% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $2.51 (5.91%) than the support at $2.07 (12.66%), 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 are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 3.986 Open Broker Account

Remember To Visit Our YouTube Channel