RUM Technical Analysis - RUMBLE INC

Technical Rating and Analysis

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.

When comparing the yearly performance of all stocks, RUM is a bad performer in the overall market: 65% of all stocks are doing better.

RUM is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month RUM has a been trading in the 6.88 - 8.95 range, which is quite wide. It is currently trading near the lows of this range.

RUM has an average volume of 3347860 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Both the short term and long term trends are neutral. So this is not the most entertaining stock around.

RUM is part of the Interactive Media & Services industry. There are 70 other stocks in this industry, RUM did better than 66% of them.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

RUM has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 7.10, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

7.00

9.42

When analyzing the support we notice one important area.

A support zone ranging from 7.07 to 7.10. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 6 important areas.

A resistance zone ranging from 7.12 to 7.17. This zone is formed by a combination of multiple trend lines in the weekly time frame.
Resistance @8.03 from a horizontal line in the daily time frame.
Resistance @8.24 from a trend line in the daily time frame.
Resistance @8.43 from a horizontal line in the daily time frame.
Resistance @8.66 from a trend line in the weekly time frame.
Resistance @9.33 from a trend line in the daily time frame.

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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	NEUTRAL	NEUTRAL	The long term trend for RUM is neutral.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for RUM is neutral.
ChartMill Relative Strength	35.85	NEUTRAL	RUM is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of RUM is below 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)	42.04	NEUTRAL	The RSI value for RUM is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.04	NEGATIVE	The MACD value suggests RUM has a negative trend.
Stochastics (14,3)	27.84	NEUTRAL	The Stochastics value for RUM is a neutral value.
Average True Range in percent/ATR (20)	6.95	HIGH VOLATILITY	The high ATR as a percentage value for RUM suggests high volalility.
Average Directional Index/ADX (14)	15.69	NEGATIVE	The low ADX value for RUM suggests a weak or negative trend.