ALGORHYTHM HOLDINGS INC (RIME) Technical Analysis
NASDAQ:RIME • US8293225020
Current stock price
RIME Technical Rating and Analysis
Taking everything into account, RIME scores 0 out of 10 in our technical rating. RIME scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 91% of all other stocks performed better in the past year than RIME.
- RIME is part of the Household Durables industry. There are 60 other stocks in this industry, of which 88% are performing better than RIME.
- RIME is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so RIME is lagging the market.
- In the last month RIME has a been trading in the 0.96 - 2.03 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- RIME has an average volume of 8738350 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Considerably lower volume is observed in the last couple of days.
RIME Weekly and Daily overview Charts
RIME Setup Rating and Analysis
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 downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
RIME Support and Resistance Analysis
0.95
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 1.43 to 1.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
RIME Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The short term trend for RIME is down. |
| ChartMill Relative Strength | 9.26 | NEGATIVE | RIME has a low relative strength, it was outperformed by 90.74% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RIME is below 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) | 35.83 | NEUTRAL | The RSI value for RIME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests RIME has a negative trend. |
| Stochastics (14,3) | 1.38 | OVERSOLD | The low Stochastics value suggests RIME may be oversold. |
| Average True Range in percent/ATR (20) | 18.29 | HIGH VOLATILITY | The high ATR as a percentage value for RIME suggests high volalility. |
| Average Directional Index/ADX (14) | 17.37 | NEGATIVE | The low ADX value for RIME suggests a weak or negative trend. |
RIME Chart- and CandleStick Pattern Analysis
RIME Technicals: Chart, Performance Metrics, Trend & Indicators
0.9624
-0.14 (-12.51%)
ALGORHYTHM HOLDINGS INC / RIME TA 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 trend direction for 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 35.8269. This indicates that the stock is currently neutral.
What is the MACD signal for ALGORHYTHM HOLDINGS INC (RIME) stock?
The MACD indicator for ALGORHYTHM HOLDINGS INC (RIME) has a value of -0.0604386, indicating a bearish trend.
What is the short term momentum for RIME stock?
The short term momentum for ALGORHYTHM HOLDINGS INC (RIME) is negative.