RIMINI STREET INC (RMNI) Stock Technical Analysis
NASDAQ:RMNI - Nasdaq - US76674Q1076 - Common Stock - Currency: USD
Overall RMNI gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, RMNI is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
RMNI is one of the better performing stocks in the Software industry, it outperforms 79% of 282 stocks in the same industry.
RMNI is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so RMNI is lagging the market slightly.
Looking at the yearly performance, RMNI did better than 90% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
In the last month RMNI has a been trading in the 3.59 - 5.38 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
RMNI has an excellent technical rating, but the quality of the setup is only medium 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
3.24
4.81
We found 3 important support areas.
- Support @4.64 from a horizontal line in the daily time frame.
- Support @3.40 from a trend line in the daily time frame.
- Support @3.27 from a trend 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 | UP | POSITIVE | The long term trend for RMNI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RMNI is up. |
| ChartMill Relative Strength | 90.35 | POSITIVE | RMNI has a high relative strength, it outperformed 90.35% 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) | UP | POSITIVE | The current price of RMNI is above the rising 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) | 61.57 | NEUTRAL | The RSI value for RMNI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests RMNI has a negative trend. |
| Stochastics (14,3) | 57.76 | NEUTRAL | The Stochastics value for RMNI is a neutral value. |
| Average True Range in percent/ATR (20) | 6.73 | HIGH VOLATILITY | The high ATR as a percentage value for RMNI suggests high volalility. |
| Average Directional Index/ADX (14) | 44.61 | POSITIVE | The high ADX value value for RMNI suggests a strong 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)
4.76
+0.11 (+2.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg2.37%
1 Week-5.18%
2 Weeks20.51%
1 Month43.81%
3 Month36%
6 Month59.2%
12 Month52.08%
2 Year75%
3 Year-32.19%
5 Year-10.02%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.32
ATR(20)%6.73%
ATR Inc-52.82%
Range Today0.17
ADR(20)0.27
ADR(20)%5.72%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.35
Mansfield5.49
10 Day High5.38
10 Day Low4.55
20 Day High5.38
20 Day Low3.59
52 Week High5.38
52 Week Low1.53
CS1 End4.64
CR1 StartN/A
Volume & EV
DER(3)0.78%
DER(5)0.85%
Volume304.40K
Volume Incr-39.75%
Vol(5)333.12K
Vol(50)402.44K