RIMINI STREET INC (RMNI) Technical Analysis
NASDAQ:RMNI • US76674Q1076
Current stock price
RMNI Technical Rating and Analysis
Taking everything into account, RMNI scores 0 out of 10 in our technical rating. RMNI'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.
- When comparing the yearly performance of all stocks, RMNI is a bad performer in the overall market: 74% of all stocks are doing better.
- RMNI is currently trading in the lower part 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.
- RMNI is one of the better performing stocks in the Software industry, it outperforms 70% of 275 stocks in the same industry.
- In the last month RMNI has a been trading in the 3.08 - 3.71 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.
RMNI Weekly and Daily overview Charts
RMNI Setup Rating and Analysis
The technical rating of RMNI is bad and it also does not present a 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.
More info and screens
RMNI Support and Resistance Analysis
2.99
2 important support areas can be observed.
- Support @3.12 from a horizontal line in the weekly time frame.
- A support zone ranging from 3.02 to 3.05. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 3.45 to 3.46. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Resistance @3.53 from a trend line in the daily time frame.
- A resistance zone ranging from 3.73 to 3.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
RMNI Technical Indicator Signal Analysis
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 RMNI is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RMNI is neutral. |
| ChartMill Relative Strength | 26.23 | NEGATIVE | RMNI has a low relative strength, it was outperformed by 73.77% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of RMNI is above 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) | DOWN | NEGATIVE | The current price of RMNI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.98 | NEUTRAL | The RSI value for RMNI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests RMNI has a positive trend. |
| Stochastics (14,3) | 71.12 | NEUTRAL | The Stochastics value for RMNI is a neutral value. |
| Average True Range in percent/ATR (20) | 4.04 | MEDIUM VOLATILITY | The ATR as a percentage value for RMNI suggests some volalility. |
| Average Directional Index/ADX (14) | 20.44 | NEUTRAL | The ADX value for RMNI suggests a possible start of a new trend. |
RMNI Chart- and CandleStick Pattern Analysis
RMNI Technicals: Chart, Performance Metrics, Trend & Indicators
3.35
+0.03 (+0.9%)
RIMINI STREET INC / RMNI TA FAQ
What is the ChartMill technical rating of RIMINI STREET INC (RMNI) stock?
ChartMill assigns a technical rating of 0 / 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 RMNI stock?
RIMINI STREET INC (RMNI) has an RSI value of 51.9804. This indicates that the stock is currently neutral.
What is the support and resistance level for RMNI stock?
RIMINI STREET INC (RMNI) has a support level at 3.12 and a resistance level at 3.45. Check the full technical report for our detailed analysis of RMNI support and resistance levels.