RUMBLE INC (RUM) Stock Technical Analysis
NASDAQ:RUM - Nasdaq - US78137L1052 - Common Stock - Currency: USD
Taking everything into account, RUM scores 4 out of 10 in our technical rating. Although RUM is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
In the last month RUM has a been trading in the 8.61 - 10.99 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
RUM has an average volume of 2770580 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.
When comparing the yearly performance of all stocks, we notice that RUM is one of the better performing stocks in the market, outperforming 82% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
RUM is part of the Interactive Media & Services industry. There are 70 other stocks in this industry, RUM did better than 69% of them.
RUM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RUM is lagging the market.
RUM has an average technical rating and it also does not offer a high 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.
More info and screens
7.35
9.94
3 important support areas can be observed.
- Support @8.53 from a horizontal line in the weekly time frame.
- A support zone ranging from 8.06 to 8.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.42 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 9.06 to 9.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 9.74 to 9.84. 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 | 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 | 82.73 | POSITIVE | RUM has a high relative strength, it outperformed 82.73% off all stocks 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) | UP | MIXED | The current price of RUM is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 41.91 | NEUTRAL | The RSI value for RUM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests RUM has a negative trend. |
| Stochastics (14,3) | 18.91 | OVERSOLD | The low Stochastics value suggests RUM may be oversold. |
| Average True Range in percent/ATR (20) | 6.07 | HIGH VOLATILITY | The high ATR as a percentage value for RUM suggests high volalility. |
| Average Directional Index/ADX (14) | 19.65 | NEGATIVE | The low ADX value for RUM suggests a weak or negative 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)
8.63
-0.45 (-4.96%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryInteractive Media & Services
Performance
% Chg-4.96%
1 Week-9.92%
2 Weeks-1.82%
1 Month-3.9%
3 Month7.07%
6 Month-30.29%
12 Month43.36%
2 Year0.12%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.54
ATR(20)%6.07%
ATR Inc13.69%
Range Today0.51
ADR(20)0.51
ADR(20)%5.93%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.73
Mansfield-0.48
10 Day High10.99
10 Day Low8.61
20 Day High10.99
20 Day Low8.61
52 Week High17.4
52 Week Low4.92
CS1 End8.53
CR1 Start9.06
Volume & EV
DER(3)-7.49%
DER(5)-2.62%
Volume2.79M
Volume Incr-26.23%
Vol(5)2.61M
Vol(50)2.77M