ALGORHYTHM HOLDINGS INC (RIME) Stock Technical Analysis
USA - NASDAQ:RIME - US8293225020 - Common Stock
Taking everything into account, RIME scores 1 out of 10 in our technical rating. 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.
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.
More info and screens
1.93
We found 1 important support area.
- A support zone ranging from 1.95 to 1.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @2.58 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 | NEUTRAL | NEUTRAL | The short term trend for RIME is neutral. |
| ChartMill Relative Strength | 2.93 | NEGATIVE | RIME has a low relative strength, it was outperformed by 97.07% 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) | UP | MIXED | The current price of RIME is below 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) | 40.71 | NEUTRAL | The RSI value for RIME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests RIME has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 68.51 | NEUTRAL | The Stochastics value for RIME is a neutral value. |
| Average True Range in percent/ATR (20) | 7.26 | HIGH VOLATILITY | The high ATR as a percentage value for RIME suggests high volalility. |
| Average Directional Index/ADX (14) | 23.99 | NEUTRAL | The ADX value for RIME suggests a possible start of a new trend. |
1.98
-0.43 (-17.84%)
ALGORHYTHM HOLDINGS INC / RIME FAQ
Can you provide the ChartMill technical rating for ALGORHYTHM HOLDINGS INC?
ChartMill assigns a technical rating of 1 / 10 to RIME.
What is the current trend direction of ALGORHYTHM HOLDINGS INC (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 40.7119. This indicates that the stock is currently neutral.
What is the short term momentum for ALGORHYTHM HOLDINGS INC (RIME) stock?
The short term momentum for ALGORHYTHM HOLDINGS INC (RIME) is neutral.
What is the support and resistance level for RIME stock?
ALGORHYTHM HOLDINGS INC (RIME) has a support level at 1.97 and a resistance level at 2.58. Check the full technical report for our detailed analysis of RIME support and resistance levels.