RIMINI STREET INC (RMNI)
US76674Q1076 - Common Stock
We assign a technical rating of 4 out of 10 to RMNI. In the past year, RMNI was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, RMNI is a bad performer in the overall market: 84% of all stocks are doing better.
RMNI is one of the lesser performing stocks in the Software industry. 76% of 279 stocks in the same industry do better.
RMNI 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 RMNI has a been trading in the 1.53 - 2.04 range, which is quite wide. It is currently trading near the high of this range.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
Considerably lower volume is observed in the last couple of days.
RMNI has only a medium 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 resistance zone just above the current price starting at 2.01. Right above this resistance zone may be a good entry point.
More info and screens
1.60
3.02
When analyzing the support we can see 3 important areas.
- A support zone ranging from 1.88 to 1.88. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @1.72 from a horizontal line in the weekly time frame.
- Support @1.62 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 2.01 to 2.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.51 from a trend line in the weekly time frame.
- Resistance @2.91 from a trend line in the daily time frame.
- Resistance @2.99 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.86
Mansfield-3.35
10 Day High2.04
10 Day Low1.84
20 Day High2.04
20 Day Low1.53
52 Week High3.44
52 Week Low1.53
Performance
1 Week4.71%
2 Weeks4.17%
1 Month16.28%
3 Month7.53%
6 Month-22.78%
12 Month-35.06%
2 Year-52.38%
3 Year-69.74%
5 Year-49.62%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.01
RSI(14)59.45
LBB1.88
UBB2.01
RIMINI STREET INC
NASDAQ:RMNI (11/22/2024, 8:02:26 PM)
After market: 2 0 (0%)2
+0.07 (+3.63%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg3.63%
1 Week4.71%
2 Weeks4.17%
1 Month16.28%
3 Month7.53%
6 Month-22.78%
12 Month-35.06%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.09
ATR(20)%5.64%
ATR Inc
Range Today0.12
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High2.04
10 Day Low1.84
20 Day High2.04
20 Day Low1.53
52 Week High3.44
52 Week Low1.53
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume225.80K
Volume Incr-58.07%
Vol(5)179.92K
Vol(50)288.63K