ALGORHYTHM HOLDINGS INC (RIME) Technical Analysis
NASDAQ:RIME • US8293225020
We assign a technical rating of 4 out of 10 to RIME. In the past year, RIME was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- 76% of all other stocks performed better in the past year than RIME.
- 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.
- RIME has an average volume of 8897900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- RIME is an average performer in the Household Durables industry, it outperforms 42% of 60 stocks in the same industry.
- Considerably lower volume is observed in the last couple of days.
RIME has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 1.76, a Stop Loss order could be placed below this zone. 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
1.74
We found 1 important support area.
- A support zone ranging from 1.76 to 1.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @2.24 from a trend 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 | UP | POSITIVE | The short term trend for RIME is up. |
| ChartMill Relative Strength | 24.08 | NEGATIVE | RIME has a low relative strength, it was outperformed by 75.92% off all stocks 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) | 53.62 | NEUTRAL | The RSI value for RIME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests RIME has a negative trend. |
| Stochastics (14,3) | 26.13 | NEUTRAL | The Stochastics value for RIME is a neutral value. |
| Average True Range in percent/ATR (20) | 30.56 | HIGH VOLATILITY | The high ATR as a percentage value for RIME suggests high volalility. |
| Average Directional Index/ADX (14) | 32.13 | POSITIVE | The high ADX value value for RIME suggests a strong trend. |
RIME Technicals: Chart, Performance Metrics, Trend & Indicators
1.89
+0.13 (+7.39%)
ALGORHYTHM HOLDINGS INC / RIME FAQ
Can you provide the ChartMill technical rating for ALGORHYTHM HOLDINGS INC?
ChartMill assigns a technical rating of 4 / 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 53.6204. 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 -0.0454003, indicating a bearish trend.
What is the short term momentum for RIME stock?
The short term momentum for ALGORHYTHM HOLDINGS INC (RIME) is positive.