RUMBLE INC (RUM) Stock Technical Analysis
NASDAQ:RUM - Nasdaq - US78137L1052 - Common Stock - Currency: USD
Overall RUM gets a technical rating of 8 out of 10. In the last year, RUM was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
The long and short term trends are both positive. This is looking good!
RUM is part of the Interactive Media & Services industry. There are 70 other stocks in this industry. RUM outperforms 82% of them.
RUM has an average volume of 2344390 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, RUM did better than 80% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
RUM 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 RUM is lagging the market slightly.
In the last month RUM has a been trading in the 7.43 - 10.83 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although RUM has an excellent technical rating, it does not present a decent entry opportunity 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
6.85
10.58
When analyzing the support we can see 4 important areas.
- A support zone ranging from 9.14 to 9.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.00 from a trend line in the daily time frame.
- A support zone ranging from 7.41 to 7.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.92 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @10.07 from a trend line in the daily time frame.
- A resistance zone ranging from 10.48 to 10.48. 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 | UP | POSITIVE | The long term trend for RUM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RUM is up. |
| ChartMill Relative Strength | 80.29 | POSITIVE | RUM has a high relative strength, it outperformed 80.29% off all stocks 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) | UP | POSITIVE | The current price of RUM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RUM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.25 | NEUTRAL | The RSI value for RUM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests RUM has a negative trend. |
| Stochastics (14,3) | 50.92 | NEUTRAL | The Stochastics value for RUM is a neutral value. |
| Average True Range in percent/ATR (20) | 6.16 | HIGH VOLATILITY | The high ATR as a percentage value for RUM suggests high volalility. |
| Average Directional Index/ADX (14) | 23.81 | NEUTRAL | The ADX value for RUM suggests a possible start of a new 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)
9.16
-0.08 (-0.87%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryInteractive Media & Services
Performance
% Chg-0.87%
1 Week-12.51%
2 Weeks-1.51%
1 Month13.37%
3 Month-12.76%
6 Month41.14%
12 Month30.11%
2 Year-7.19%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.65
ATR(20)%6.16%
ATR Inc-49.92%
Range Today0.28
ADR(20)0.51
ADR(20)%5.59%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.29
Mansfield1.69
10 Day High10.83
10 Day Low8.91
20 Day High10.83
20 Day Low7.44
52 Week High17.4
52 Week Low4.92
CS1 End9.15
CR1 Start10.07
Volume & EV
DER(3)-0.41%
DER(5)-1.5%
Volume1.61M
Volume Incr-10.84%
Vol(5)2.05M
Vol(50)2.34M