Is veri going to drop in price soon? Or is it expected to keep being bullish?

Veritone's stock (VERI) is currently showing signs of bullish momentum: 1. **Recent Price Increase**: VERI has experienced a significant surge, with a 1-month percentage change of 45.9% as of October 8, 2024. This indicates a strong uptrend in the stock's price. 2. **Positive Technical Indicators**: The stock's 5-day moving average is $3.82, and its 10-day moving average is $3.73, both above the closing price of $4.18 on October 8, 2024. This suggests a short-term upward trend. Additionally, the stock has a strong buy technical rating, which supports the bullish outlook. 3. **High Volatility**: VERI has a beta of 3.3, which is higher than the market average, indicating that it is more volatile than the broader market. This can be beneficial in a bullish market as it may lead to higher gains. 4. **Strategic Investments**: There has been a new investment in Veritone by Renaissance Technologies LLC, which could bolster investor confidence and potentially drive the stock price higher. 5. **Market Position**: Veritone has a unique market position and technology deals, such as the partnership with Midwest Public Safety, which could lead to further growth and a positive stock performance. In conclusion, based on the current technical indicators and recent news, Veritone's stock is likely to continue its bullish trend in the near term. However, investors should monitor the stock's performance and market conditions, as volatility can lead to rapid price changes.