We assign a technical rating of 2 out of 10 to RUM. In the past year, RUM was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
The technical rating of RUM 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.
6.70
We can see 5 important resistance areas.
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 RUM is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RUM is up. |
| ChartMill Relative Strength | 30.42 | NEUTRAL | RUM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RUM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RUM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RUM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.01 | NEUTRAL | The RSI value for RUM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests RUM has a positive trend. |
| Stochastics (14,3) | 92.12 | OVERBOUGHT | The high Stochastics value suggests RUM may be overbought. |
| Average True Range in percent/ATR (20) | 6.13 | HIGH VOLATILITY | The high ATR as a percentage value for RUM suggests high volalility. |
| Average Directional Index/ADX (14) | 21.5 | NEUTRAL | The ADX value for RUM suggests a possible start of a new trend. |
6.77
+0.01 (+0.15%)
ChartMill assigns a technical rating of 1 / 10 to RUM.
The current trend direction for RUMBLE INC (RUM) is Bearish.
RUMBLE INC (RUM) has an RSI value of 56.012. This indicates that the stock is currently neutral.
The MACD indicator for RUMBLE INC (RUM) has a value of 0.180584, indicating a bearish trend.
The short term momentum for RUMBLE INC (RUM) is positive.