RIMINI STREET INC (RMNI) Stock Technical Analysis
NASDAQ:RMNI - Nasdaq - US76674Q1076 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to RMNI. RMNI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
When comparing the yearly performance of all stocks, RMNI is a bad performer in the overall market: 70% of all stocks are doing better.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
RMNI is an average performer in the Software industry, it outperforms 46% of 284 stocks in the same industry.
RMNI is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so RMNI is lagging the market slightly.
In the last month RMNI has a been trading in the 2.88 - 3.70 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, RMNI does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 3.06, a Stop Loss order could be placed below this zone.
More info and screens
2.90
3.59
We found 2 important support areas.
- A support zone ranging from 3.04 to 3.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 2.93 to 2.97. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 3.25 to 3.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 3.42 to 3.46. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 3.55 to 3.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 30.32 | NEUTRAL | RMNI is not amongst the best or worst performers 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) | 43.46 | 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. |
| Stochastics (14,3) | 47.65 | NEUTRAL | The Stochastics value for RMNI is a neutral value. |
| Average True Range in percent/ATR (20) | 6.62 | HIGH VOLATILITY | The high ATR as a percentage value for RMNI suggests high volalility. |
| Average Directional Index/ADX (14) | 15.04 | NEGATIVE | The low ADX value for RMNI 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)
3.11
-0.12 (-3.72%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-3.72%
1 Week-8.26%
2 Weeks-2.2%
1 Month-7.44%
3 Month-20.05%
6 Month23.41%
12 Month10.68%
2 Year-35.07%
3 Year-48.25%
5 Year-39.61%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.2
ATR(20)%6.62%
ATR Inc-14.36%
Range Today0.22
ADR(20)0.21
ADR(20)%6.6%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS30.32
Mansfield1.21
10 Day High3.55
10 Day Low3.03
20 Day High3.7
20 Day Low2.88
52 Week High4.14
52 Week Low1.53
CS1 End3.06
CR1 Start3.25
Volume & EV
DER(3)-6.53%
DER(5)-8.2%
Volume645.40K
Volume Incr-0.18%
Vol(5)283.62K
Vol(50)262.02K