RIME Technical Analysis - ALGORHYTHM HOLDINGS INC

Technical Rating and Analysis

Overall RIME gets a technical rating of 0 out of 10. 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.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

98% of all other stocks performed better in the past year than RIME.

RIME is one of the lesser performing stocks in the Household Durables industry. 95% of 61 stocks in the same industry do better.

RIME is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month RIME has a been trading in the 2.10 - 2.82 range, which is quite wide. It is currently trading near the lows of this range.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ALGORHYTHM HOLDINGS INC / RIME Weekly stock chart

ALGORHYTHM HOLDINGS INC / RIME Daily stock chart

Setup Rating and Analysis

RIME has a poor technical rating and the quality of the setup is also not perfect 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.93

2.71

When analyzing the support we notice one important area.

A support zone ranging from 1.95 to 1.98. This zone is formed by a combination of multiple trend lines in multiple time frames.

We found 1 important resistance area.

Resistance @2.68 from a trend line in the daily time frame.

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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	2.79	NEGATIVE	RIME has a low relative strength, it was outperformed by 97.21% 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)	39.65	NEUTRAL	The RSI value for RIME is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.04	NEGATIVE	The MACD value suggests RIME has a negative trend, although the MACD value is rising.
Stochastics (14,3)	12.22	OVERSOLD	The low Stochastics value suggests RIME may be oversold.
Average True Range in percent/ATR (20)	7.38	HIGH VOLATILITY	The high ATR as a percentage value for RIME suggests high volalility.
Average Directional Index/ADX (14)	22.74	NEUTRAL	The ADX value for RIME suggests a possible start of a new trend.