Taking everything into account, RUM scores 1 out of 10 in our technical rating. RUM'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 technical rating of RUM is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
6.69
When analyzing the resistance we notice 6 important 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) | DOWN | MIXED | The current price of RUM is above a declining 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) | 55.88 | NEUTRAL | The RSI value for RUM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests RUM has a positive trend. |
| Stochastics (14,3) | 88.96 | OVERBOUGHT | The high Stochastics value suggests RUM may be overbought. |
| Average True Range in percent/ATR (20) | 6.2 | HIGH VOLATILITY | The high ATR as a percentage value for RUM suggests high volalility. |
| Average Directional Index/ADX (14) | 22.32 | NEUTRAL | The ADX value for RUM suggests a possible start of a new trend. |
6.76
-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 55.8842. This indicates that the stock is currently neutral.
The MACD indicator for RUMBLE INC (RUM) has a value of 0.161041, indicating a bearish trend.
The short term momentum for RUMBLE INC (RUM) is positive.