RYTHM INC (RYM) Technical Analysis
NASDAQ:RYM • US00853E4044
Current stock price
RYM Technical Rating and Analysis
Taking everything into account, RYM scores 1 out of 10 in our technical rating. RYM scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- When comparing the yearly performance of all stocks, RYM is a bad performer in the overall market: 100% of all stocks are doing better.
- RYM is part of the Machinery industry. There are 131 other stocks in this industry, of which 94% are performing better than RYM.
- Warning: RYM has an average volume of 15406 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- In the last month RYM has a been trading in the 14.75 - 21.12 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
RYM Weekly and Daily overview Charts
RYM Setup Rating and Analysis
RYM has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 17.49. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for RYM in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
RYM Support and Resistance Analysis
15.78
When analyzing the support we notice one important area.
- Support @15.94 from a trend line in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 17.49 to 17.93. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 18.86 to 19.16. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Resistance @19.52 from a horizontal line in the daily time frame.
- Resistance @19.98 from a horizontal line in the daily time frame.
RYM 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 RYM is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RYM is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | RYM has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of RYM is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RYM is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 47.81 | NEUTRAL | The RSI value for RYM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests RYM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 28.69 | NEUTRAL | The Stochastics value for RYM is a neutral value. |
| Average True Range in percent/ATR (20) | 9.69 | HIGH VOLATILITY | The high ATR as a percentage value for RYM suggests high volalility. |
| Average Directional Index/ADX (14) | 11.79 | NEGATIVE | The low ADX value for RYM suggests a weak or negative trend. |
RYM Chart- and CandleStick Pattern Analysis
RYM Technicals: Chart, Performance Metrics, Trend & Indicators
16.88
-0.52 (-2.99%)
RYTHM INC / RYM TA FAQ
What is the ChartMill technical rating of RYTHM INC (RYM) stock?
ChartMill assigns a technical rating of 1 / 10 to RYM.
What is the current trend direction of RYTHM INC (RYM) stock?
The current trend direction for RYTHM INC (RYM) is Bearish.
What is the RSI signal for RYM stock?
RYTHM INC (RYM) has an RSI value of 47.8087. This indicates that the stock is currently neutral.
What are the support and resistance levels for RYTHM INC (RYM) stock?
RYTHM INC (RYM) has a support level at 15.94 and a resistance level at 17.49. Check the full technical report for our detailed analysis of RYM support and resistance levels.