RUM Technical Analysis - RUMBLE INC

Technical Rating and Analysis

Overall RUM gets a technical rating of 1 out of 10. RUM has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

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.

Prices have been falling strongly lately, it is better to avoid new long positions here.

RUM has an average volume of 3315280 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

When compared to the yearly performance of all other stocks, RUM outperforms 50% of them, which is more or less in line with the market.

RUM is an average performer in the Interactive Media & Services industry, it outperforms 68% of 70 stocks in the same industry.

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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. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 7.17, 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

9.41

We found 1 important support area.

A support zone ranging from 7.07 to 7.17. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 6 important resistance areas.

A resistance zone ranging from 7.60 to 7.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 8.03 to 8.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @8.21 from a trend line in the daily time frame.
Resistance @8.43 from a horizontal line in the daily time frame.
Resistance @8.58 from a trend line in the weekly time frame.
Resistance @9.32 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	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	50.87	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)	45.4	NEUTRAL	The RSI value for RUM is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.05	NEGATIVE	The MACD value suggests RUM has a negative trend.
Stochastics (14,3)	14.68	OVERSOLD	The low Stochastics value suggests RUM may be oversold.
Average True Range in percent/ATR (20)	6.78	HIGH VOLATILITY	The high ATR as a percentage value for RUM suggests high volalility.
Average Directional Index/ADX (14)	15.17	NEGATIVE	The low ADX value for RUM suggests a weak or negative trend.