ALGORHYTHM HOLDINGS INC (RIME) Stock Technical Analysis
NASDAQ:RIME • US8293225020
We assign a technical rating of 5 out of 10 to RIME. Recently some decent action could be observed, but in the medium term time frame this is still negative. RIME was also a bad performer in the overall market in the last year.
- When comparing the yearly performance of all stocks, RIME is a bad performer in the overall market: 70% of all stocks are doing better.
- RIME is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month RIME has a been trading in the 0.81 - 4.58 range, which is quite wide. It is currently trading near the lows of this range.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- RIME has an average volume of 8812410 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- RIME is an average performer in the Household Durables industry, it outperforms 47% of 60 stocks in the same industry.
RIME has an average technical rating and the quality of the presented setup is also not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
1.74
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 | NEUTRAL | NEUTRAL | The long term trend for RIME is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RIME is up. |
| ChartMill Relative Strength | 30.73 | NEUTRAL | RIME is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RIME is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RIME is above the rising 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) | 51.63 | NEUTRAL | The RSI value for RIME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests RIME has a negative trend. |
| Stochastics (14,3) | 28.6 | NEUTRAL | The Stochastics value for RIME is a neutral value. |
| Average True Range in percent/ATR (20) | 32.25 | HIGH VOLATILITY | The high ATR as a percentage value for RIME suggests high volalility. |
| Average Directional Index/ADX (14) | 32.49 | POSITIVE | The high ADX value value for RIME suggests a strong trend. |
1.76
-0.17 (-8.81%)
ALGORHYTHM HOLDINGS INC / RIME FAQ
Can you provide the ChartMill technical rating for ALGORHYTHM HOLDINGS INC?
ChartMill assigns a technical rating of 5 / 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 51.6313. 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 -0.00563722, indicating a bearish trend.
What is the short term momentum for RIME stock?
The short term momentum for ALGORHYTHM HOLDINGS INC (RIME) is positive.