ALGORHYTHM HOLDINGS INC (RIME) Stock Technical Analysis
NASDAQ:RIME - Nasdaq - US8293225020 - Common Stock - Currency: USD
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.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
100% of all other stocks performed better in the past year than RIME.
RIME is part of the Household Durables industry. There are 63 other stocks in this industry, of which 96% are performing better than RIME.
In the last month RIME has a been trading in the 2.28 - 2.75 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
RIME has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
2.11
2.68
We found 3 important support areas.
- Support @2.30 from a trend line in the daily time frame.
- Support @2.21 from a horizontal line in the daily time frame.
- A support zone ranging from 2.13 to 2.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- Resistance @2.40 from a trend line in the daily time frame.
- A resistance zone ranging from 2.44 to 2.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 2.56 to 2.58. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @2.65 from a horizontal 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 | 0 | NEGATIVE | RIME has a low relative strength, it was outperformed by 100% 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) | 45.56 | 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) | 41.29 | NEUTRAL | The Stochastics value for RIME is a neutral value. |
| Average True Range in percent/ATR (20) | 6.54 | HIGH VOLATILITY | The high ATR as a percentage value for RIME suggests high volalility. |
| Average Directional Index/ADX (14) | 10.87 | NEGATIVE | The low ADX value for RIME suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
2.39
-0.2 (-7.72%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHousehold Durables
Performance
% Chg-7.72%
1 Week-7.36%
2 Weeks0.84%
1 Month-2.45%
3 Month-9.47%
6 Month-53.32%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.16
ATR(20)%6.54%
ATR Inc35.04%
Range Today0.14
ADR(20)0.15
ADR(20)%6.27%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High2.75
10 Day Low2.29
20 Day High2.75
20 Day Low2.28
52 Week HighN/A
52 Week LowN/A
CS1 End2.3
CR1 Start2.4
Volume & EV
DER(3)-8.31%
DER(5)-1.03%
Volume49.10K
Volume Incr47.5%
Vol(5)83.30K
Vol(50)146.47K