ALGORHYTHM HOLDINGS INC (RIME) Technical Analysis
NASDAQ:RIME • US8293225020
Current stock price
RIME Technical Rating and Analysis
Taking everything into account, RIME scores 0 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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, RIME is a bad performer in the overall market: 88% of all stocks are doing better.
- RIME is part of the Household Durables industry. There are 60 other stocks in this industry, of which 84% are performing better than RIME.
- 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 0.98 - 1.24 range, which is quite wide. It is currently trading near the lows of this range.
- RIME has an average volume of 2081630 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Considerably lower volume is observed in the last couple of days.
RIME Weekly and Daily overview Charts
RIME Setup Rating and Analysis
RIME has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
RIME Support and Resistance Analysis
0.95
2 important support areas can be observed.
- Support @1.01 from a horizontal line in the weekly time frame.
- Support @0.96 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 1.02 to 1.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.10 from a horizontal line in the daily time frame.
RIME 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 | 12.1 | NEGATIVE | RIME has a low relative strength, it was outperformed by 87.9% 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) | 42.73 | NEUTRAL | The RSI value for RIME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests RIME has a positive trend. |
| Stochastics (14,3) | 19.61 | OVERSOLD | The low Stochastics value suggests RIME may be oversold. |
| Average True Range in percent/ATR (20) | 8.33 | HIGH VOLATILITY | The high ATR as a percentage value for RIME suggests high volalility. |
| Average Directional Index/ADX (14) | 6.2 | NEGATIVE | The low ADX value for RIME suggests a weak or negative trend. |
RIME Chart- and CandleStick Pattern Analysis
RIME Technicals: Chart, Performance Metrics, Trend & Indicators
1.02
+0.01 (+0.99%)
ALGORHYTHM HOLDINGS INC / RIME TA 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.
What is the RSI signal for RIME stock?
ALGORHYTHM HOLDINGS INC (RIME) has an RSI value of 42.7262. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for ALGORHYTHM HOLDINGS INC?
The buy/sell signal for ALGORHYTHM HOLDINGS INC (RIME) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for ALGORHYTHM HOLDINGS INC?
ALGORHYTHM HOLDINGS INC (RIME) has a support level at 1.01 and a resistance level at 1.02. Check the full technical report for our detailed analysis of RIME support and resistance levels.