We assign a technical rating of 0 out of 10 to RIME. RIME's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of RIME is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
1.37
When analyzing the support we notice one important area.
- Support @1.38 from a trend line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @2.22 from a trend line in the daily time frame.
- Resistance @2.48 from a trend line in the daily time frame.
- A resistance zone ranging from 2.67 to 2.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for RIME is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RIME is neutral. |
| ChartMill Relative Strength | 4.92 | NEGATIVE | RIME has a low relative strength, it was outperformed by 95.08% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of RIME is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RIME is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RIME is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.57 | NEUTRAL | The RSI value for RIME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests RIME has a positive trend. |
| Stochastics (14,3) | 39.49 | NEUTRAL | The Stochastics value for RIME is a neutral value. |
| Average True Range in percent/ATR (20) | 12.36 | HIGH VOLATILITY | The high ATR as a percentage value for RIME suggests high volalility. |
| Average Directional Index/ADX (14) | 31.77 | POSITIVE | The high ADX value value for RIME suggests a strong trend. |
1.9
+0.43 (+29.25%)
ALGORHYTHM HOLDINGS INC / RIME FAQ
Can you provide the ChartMill technical rating for ALGORHYTHM HOLDINGS INC?
ChartMill assigns a technical rating of 0 / 10 to RIME.
What is the current trend direction of ALGORHYTHM HOLDINGS INC (RIME) stock?
The current trend direction for ALGORHYTHM HOLDINGS INC (RIME) is Bearish.
Can you provide the RSI signal for ALGORHYTHM HOLDINGS INC?
ALGORHYTHM HOLDINGS INC (RIME) has an RSI value of 55.5712. This indicates that the stock is currently neutral.
What is the short term momentum for ALGORHYTHM HOLDINGS INC (RIME) stock?
The short term momentum for ALGORHYTHM HOLDINGS INC (RIME) is neutral.
What is the support and resistance level for RIME stock?
ALGORHYTHM HOLDINGS INC (RIME) has a support level at 1.38 and a resistance level at 2.22. Check the full technical report for our detailed analysis of RIME support and resistance levels.