RIMINI STREET INC (RMNI) Stock Technical Analysis
USA - NASDAQ:RMNI - US76674Q1076 - Common Stock
Overall RMNI gets a technical rating of 4 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.
RMNI has an average technical rating and it also does not offer a high quality setup 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.
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3.13
We found 4 important support areas.
- Support @4.04 from a trend line in the weekly time frame.
- Support @3.97 from a horizontal line in the weekly time frame.
- Support @3.89 from a horizontal line in the daily time frame.
- Support @3.16 from a trend line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 4.31 to 4.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 4.65 to 4.68. 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 | DOWN | NEGATIVE | The short term trend for RMNI is down. |
| ChartMill Relative Strength | 93.61 | POSITIVE | RMNI has a high relative strength, it outperformed 93.61% 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 | POSITIVE | The current price of RMNI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 38.36 | NEUTRAL | The RSI value for RMNI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests RMNI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 39.76 | NEUTRAL | The Stochastics value for RMNI is a neutral value. |
| Average True Range in percent/ATR (20) | 6.12 | HIGH VOLATILITY | The high ATR as a percentage value for RMNI suggests high volalility. |
| Average Directional Index/ADX (14) | 25.31 | POSITIVE | The high ADX value value for RMNI suggests a strong trend. |
4.07
+0.17 (+4.36%)
RIMINI STREET INC / RMNI FAQ
What is the ChartMill technical rating of RIMINI STREET INC (RMNI) stock?
ChartMill assigns a technical rating of 4 / 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 38.3573. 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 -0.0611982, indicating a bearish trend.
What is the support and resistance level for RMNI stock?
RIMINI STREET INC (RMNI) has a support level at 4.04 and a resistance level at 4.31. Check the full technical report for our detailed analysis of RMNI support and resistance levels.