Taking everything into account, RMNI scores 5 out of 10 in our technical rating. Although RMNI has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
RMNI has an average technical rating and the quality of the presented setup is also not ideal 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
3.74
2 important support areas can be observed.
- A support zone ranging from 3.90 to 3.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 3.78 to 3.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 4.12 to 4.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @4.32 from a trend line in the daily time frame.
- A resistance zone ranging from 4.51 to 4.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @4.84 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 | NEUTRAL | NEUTRAL | The long term trend for RMNI is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RMNI is up. |
| ChartMill Relative Strength | 93.09 | POSITIVE | RMNI has a high relative strength, it outperformed 93.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RMNI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RMNI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RMNI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.22 | NEUTRAL | The RSI value for RMNI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests RMNI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.45 | OVERBOUGHT | The high Stochastics value suggests RMNI may be overbought. |
| Average True Range in percent/ATR (20) | 3.59 | MEDIUM VOLATILITY | The ATR as a percentage value for RMNI suggests some volalility. |
| Average Directional Index/ADX (14) | 18.98 | NEGATIVE | The low ADX value for RMNI suggests a weak or negative trend. |
4.11
-0.06 (-1.44%)
RIMINI STREET INC / RMNI FAQ
What is the ChartMill technical rating of RIMINI STREET INC (RMNI) stock?
ChartMill assigns a technical rating of 5 / 10 to RMNI.
What is the trend direction for RMNI stock?
The current trend direction for RIMINI STREET INC (RMNI) is Bearish.
Can you provide the RSI signal for RIMINI STREET INC?
RIMINI STREET INC (RMNI) has an RSI value of 54.2199. This indicates that the stock is currently neutral.
What is the MACD signal for RMNI stock?
The MACD indicator for RIMINI STREET INC (RMNI) has a value of 0.0511107, indicating a bearish trend.
What is the support and resistance level for RMNI stock?
RIMINI STREET INC (RMNI) has a support level at 3.92 and a resistance level at 4.12. Check the full technical report for our detailed analysis of RMNI support and resistance levels.