ALGORHYTHM HOLDINGS INC (RIME) Stock Technical Analysis
NASDAQ:RIME - Nasdaq - US8293225020 - Common Stock - Currency: USD
Overall RIME gets a technical rating of 1 out of 10. 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.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, RIME is a bad performer in the overall market: 100% of all stocks are doing better.
RIME is one of the lesser performing stocks in the Household Durables industry. 96% of 63 stocks in the same industry do better.
In the last month RIME has a been trading in the 2.28 - 2.75 range, which is quite wide. It is currently trading near the high of this range.
Considerably lower volume is observed in the last couple of days.
RIME has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. We notice that large players showed an interest for RIME in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
2.14
2.86
We found 4 important support areas.
- Support @2.38 from a horizontal line in the weekly time frame.
- Support @2.29 from a trend line in the daily time frame.
- Support @2.21 from a horizontal line in the daily time frame.
- Support @2.16 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @2.65 from a horizontal line in the daily time frame.
- Resistance @2.83 from a horizontal line in the weekly time frame.
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 | 0 | NEGATIVE | RIME has a low relative strength, it was outperformed by 100% 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) | 51.36 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 73.38 | NEUTRAL | The Stochastics value for RIME is a neutral value. |
| Average True Range in percent/ATR (20) | 5.71 | HIGH VOLATILITY | The high ATR as a percentage value for RIME suggests high volalility. |
| Average Directional Index/ADX (14) | 11.45 | NEGATIVE | The low ADX value for RIME suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
2.54
-0.1 (-3.79%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHousehold Durables
Performance
% Chg-3.79%
1 Week4.1%
2 Weeks4.96%
1 Month-0.78%
3 Month5.63%
6 Month-66.47%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%5.71%
ATR Inc54.33%
Range Today0.23
ADR(20)0.14
ADR(20)%5.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High2.75
10 Day Low2.29
20 Day High2.75
20 Day Low2.28
52 Week HighN/A
52 Week LowN/A
CS1 End2.38
CR1 Start2.65
Volume & EV
DER(3)4.4%
DER(5)4.44%
Volume117.86K
Volume Incr-11.62%
Vol(5)57.10K
Vol(50)147.36K