VERITONE INC Technical Analysis (NASDAQ:VERI)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. Just by looking at the VERITONE INC stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the VERI stock chart which creates a trading signal.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for VERITONE INC. The technical analysis form of VERITONE INC stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
VERITONE INC Moving Average
Moving averages show the VERI stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The 20 day moving average of $15.43 is above the last closing price of $12.3 and the 50 day moving average of $17.83 is above the last closing price of $12.3. The 10 and 20 day periods can predict short term moving average trends.
VERITONE INC Bollinger Bands
Bollinger bands comprise of a center line usually VERI SMA, and two VERI stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. The stock price is trading between the average and the lower band in the context of VERITONE INC bollinger bands.
VERITONE INC Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The VERITONE INC MACD indicator can be used to identify bullish and bearish trends for the stock.
VERITONE INC Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . The relative strength index of VERI stock is 48.41.