Overall RMNI gets a technical rating of 3 out of 10. Although RMNI is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, RMNI does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 3.88, a Stop Loss order could be placed below this zone.
More info and screens
3.74
We found 1 important support area.
- A support zone ranging from 3.78 to 3.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 3.97 to 4.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 4.17 to 4.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 4.37 to 4.39. 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 | NEUTRAL | NEUTRAL | The short term trend for RMNI is neutral. |
| ChartMill Relative Strength | 81.74 | POSITIVE | RMNI has a high relative strength, it outperformed 81.74% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RMNI is below a declining 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 | MIXED | The current price of RMNI is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.42 | NEUTRAL | The RSI value for RMNI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests RMNI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 48.05 | NEUTRAL | The Stochastics value for RMNI is a neutral value. |
| Average True Range in percent/ATR (20) | 3.01 | MEDIUM VOLATILITY | The ATR as a percentage value for RMNI suggests some volalility. |
| Average Directional Index/ADX (14) | 25.14 | POSITIVE | The high ADX value value for RMNI suggests a strong trend. |
3.9
-0.08 (-2.01%)
RIMINI STREET INC / RMNI FAQ
What is the ChartMill technical rating of RIMINI STREET INC (RMNI) stock?
ChartMill assigns a technical rating of 3 / 10 to RMNI.
Can you provide the trend direction for RIMINI STREET INC?
The current trend direction for RIMINI STREET INC (RMNI) is Bearish.
What is the RSI signal for RIMINI STREET INC (RMNI) stock?
RIMINI STREET INC (RMNI) has an RSI value of 46.4176. This indicates that the stock is currently neutral.
Can you provide the MACD signal for RIMINI STREET INC?
The MACD indicator for RIMINI STREET INC (RMNI) has a value of -0.00145468, indicating a bearish trend.
What are the support and resistance levels for RIMINI STREET INC (RMNI) stock?
RIMINI STREET INC (RMNI) has a support level at 3.88 and a resistance level at 3.97. Check the full technical report for our detailed analysis of RMNI support and resistance levels.