Just posting an idea & trade to my trading view that I've been in for a couple of weeks now and alerted at $11 elsewhere. Besides being massively undervalued relative to sector peers per growth rate, $VERI also has a beautiful technical setup that should retrace the entire previous structure to $20, and then extend much higher to at least $30 as I see it.
Stock held the strong level at 10 made higer lows got some analysts uppgrades looking bullish with 15, then 18 targets
VERI is setting up nicely with a MACD cross on its way and yesterday's close that broke the descending trendline and closed above the 50% fib level. I anticipate this stock to rally in to earnings and rise along the fib scale. First target 11.51
Another AI stock that seems interesting. Needs some more volume for me to look at an entry but I like that they seem to have the ability to win Defence Force contracts.
RSI and MACD show Hidden bullish Divergence . Lets see what happens .
VERI has reacted higher after reversing in an area of 4 fibonacci price relationships 100% extension orange dash swing low 100% extension of yellow dash swing low 61.8% extension of red dash swing low 61.8% retracement of move higher from March low I favor entry on a pullback into the fib level confluence area OR waiting for a move over the VWAP from March low...
VERI is breaking out of the longer term downtrend and closed above the 38.2 fib level. I think this is a part of an extended rally back to prior highs. I will be accumulating. First target 10.41
VERI: Veritone, Inc. 2020-09-17 08:00:00 Veritone has been awarded $1.3 million of subcontracts for software license and technology development services in support of the Air Force’s innovation unit's (AFWERX) Small Business Innovation Research (SBIR) program
The multiple bottom on the .50 fibonacci after a down trend is very bullish. MACD is curling up. 1st target 12.62 2nd target/Resistance at 15.31 New 52 week high by end of 2020
$VERI is forming unconfirmed double bottom below 50SMA. Needs to hold above $12.88 to be long 12 months Consensus Price Target: $12.60 if you find my charts useful, please leave me "like" or "comment". Please don't trade according to the ideas, rely on your own knowledge. Thx
Veritone (VERI, $14.86) was one of top quarterly gainers, jumping +600.94% to $14.86 per share. Tickeron A.I.dvisor analyzed 156 stocks in the Packaged Software Industry over the last three months, and discovered that 147 of them (94.49%) charted an Uptrend while 9 of them (5.51%) trended down. Tickeron A.I.dvisor found 204 similar cases when VERI's price went up...
Strong uptrend from march with lots of room to run. Watch for breakout above ~18.50.