RUMBLE INC (RUM) Stock Technical Analysis
NASDAQ:RUM • US78137L1052
Overall RUM gets a technical rating of 0 out of 10. 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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 90% of all other stocks performed better in the past year than RUM.
- RUM is one of the lesser performing stocks in the Interactive Media & Services industry. 61% of 69 stocks in the same industry do better.
- RUM is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month RUM has a been trading in the 5.29 - 6.42 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 1959600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although the technical rating is bad, RUM does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 5.89. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 5.25, a Stop Loss order could be placed below this zone.
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5.19
When analyzing the support we notice one important area.
- A support zone ranging from 5.24 to 5.25. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 5.89 to 5.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 6.31 to 6.33. This zone is formed by a combination of multiple trend lines in the daily time frame.
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 | DOWN | NEGATIVE | The short term trend for RUM is down. |
| ChartMill Relative Strength | 10.84 | NEGATIVE | RUM has a low relative strength, it was outperformed by 89.16% 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) | DOWN | NEGATIVE | The current price of RUM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 39.06 | 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) | 23.95 | NEUTRAL | The Stochastics value for RUM is a neutral value. |
| Average True Range in percent/ATR (20) | 6.26 | HIGH VOLATILITY | The high ATR as a percentage value for RUM suggests high volalility. |
| Average Directional Index/ADX (14) | 11.77 | NEGATIVE | The low ADX value for RUM suggests a weak or negative trend. |
5.41
-0.27 (-4.75%)
RUMBLE INC / RUM FAQ
What is the technical rating for RUM stock?
ChartMill assigns a technical rating of 0 / 10 to RUM.
What is the current trend direction of RUMBLE INC (RUM) stock?
The current trend direction for RUMBLE INC (RUM) is Bearish.
Can you provide the RSI signal for RUMBLE INC?
RUMBLE INC (RUM) has an RSI value of 39.0573. This indicates that the stock is currently neutral.
What is the short term momentum for RUMBLE INC (RUM) stock?
The short term momentum for RUMBLE INC (RUM) is negative.
What is the support and resistance level for RUM stock?
RUMBLE INC (RUM) has a support level at 5.25 and a resistance level at 5.89. Check the full technical report for our detailed analysis of RUM support and resistance levels.