RIMINI STREET INC (RMNI)
US76674Q1076 - Common Stock
We assign a technical rating of 8 out of 10 to RMNI. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, RMNI is only an average performer.
The long and short term trends are both positive. This is looking good!
In the last month RMNI has a been trading in the 1.95 - 3.00 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that RMNI is one of the better performing stocks in the market, outperforming 75% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
RMNI is an average performer in the Software industry, it outperforms 51% of 280 stocks in the same industry.
RMNI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RMNI is lagging the market.
Besides having an excellent technical rating, RMNI also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. We notice that large players showed an interest for RMNI in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
1.60
2.97
4 important support areas can be observed.
- Support @2.52 from a horizontal line in the daily time frame.
- A support zone ranging from 2.14 to 2.15. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @2.03 from a trend line in the daily time frame.
- Support @1.62 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- Resistance @2.75 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 2.83 to 2.83. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @2.94 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
CRS75.94
Mansfield-0.13
10 Day High2.91
10 Day Low2.47
20 Day High3
20 Day Low1.95
52 Week High3.43
52 Week Low1.53
Performance
1 Week1.48%
2 Weeks9.16%
1 Month34.31%
3 Month41.97%
6 Month-7.12%
12 Month-15.17%
2 Year-39.11%
3 Year-46.8%
5 Year-45.2%
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
RSI(14)62.99
LBB2.48
UBB2.85
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 2.76 | 2.51 | 0.25 (9.06%) | 11.04% |
| An entry @2.76. This is a Buy Stop order right above the resistance zone. | An exit @2.51. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.25 points, which is 9.06%. | When investing 11.04% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of RMNI. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
RIMINI STREET INC
NASDAQ:RMNI (1/6/2025, 5:20:38 PM)
After market: 2.68 -0.06 (-2.19%)2.74
+0.08 (+3.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg3.01%
1 Week1.48%
2 Weeks9.16%
1 Month34.31%
3 Month41.97%
6 Month-7.12%
12 Month-15.17%
2 Year-39.11%
3 Year-46.8%
5 Year-45.2%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.24
ATR(20)%7.37%
ATR Inc-12.36%
Range Today0.18
ADR(20)0.2
ADR(20)%7.26%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.94
Mansfield-0.13
10 Day High2.91
10 Day Low2.47
20 Day High3
20 Day Low1.95
52 Week High3.43
52 Week Low1.53
CS1 End2.52
CR1 Start2.75
Volume & EV
DER(3)4.61%
DER(5)-0.57%
Volume313.83K
Volume Incr-41.94%
Vol(5)294.04K
Vol(50)396.90K