We assign a technical rating of 0 out of 10 to RIME. 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 technical rating of RIME is bad and it also does not present a quality setup 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
0.91
When analyzing the resistance we notice one important area.
- Resistance @1.51 from a trend line in the daily 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 | DOWN | NEGATIVE | The short term trend for RIME is down. |
| ChartMill Relative Strength | 1.46 | NEGATIVE | RIME has a low relative strength, it was outperformed by 98.54% 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) | 34.58 | 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, although the MACD value is rising. |
| Stochastics (14,3) | 13.43 | OVERSOLD | The low Stochastics value suggests RIME may be oversold. |
| Average True Range in percent/ATR (20) | 20.1 | HIGH VOLATILITY | The high ATR as a percentage value for RIME suggests high volalility. |
| Average Directional Index/ADX (14) | 22.05 | NEUTRAL | The ADX value for RIME suggests a possible start of a new trend. |
0.9199
+0.03 (+3.62%)
ALGORHYTHM HOLDINGS INC / RIME 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 34.5841. 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 -0.00994015, indicating a bearish trend.
What is the short term momentum for RIME stock?
The short term momentum for ALGORHYTHM HOLDINGS INC (RIME) is negative.