RUMBLE INC (RUM) Stock Technical Analysis
NASDAQ:RUM - Nasdaq - US78137L1052 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to RUM. In the past year, RUM 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.
65% of all other stocks performed better in the past year than RUM.
RUM is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
RUM is one of the better performing stocks in the Interactive Media & Services industry, it outperforms 71% of 70 stocks in the same industry.
In the last month RUM has a been trading in the 6.65 - 8.36 range, which is quite wide. It is currently trading near the high of this range.
RUM has an average volume of 2443860 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although the technical rating is bad, RUM does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 8.25. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 7.16, a Stop Loss order could be placed below this zone.
More info and screens
6.65
8.44
When analyzing the support we can see 3 important areas.
- A support zone ranging from 7.12 to 7.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.93 from a horizontal line in the daily time frame.
- Support @6.72 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 8.25 to 8.36. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS35.43
Mansfield1
10 Day High8.36
10 Day Low6.86
20 Day High8.36
20 Day Low6.65
52 Week High17.4
52 Week Low4.92
Performance
1 Week12.77%
2 Weeks7.16%
1 Month4.94%
3 Month-40.63%
6 Month42.25%
12 Month23.74%
2 Year1.51%
3 YearN/A
5 YearN/A
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)0.16
RSI(14)53.1
LBB6.73
UBB8.36
8.08
-0.16 (-1.94%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryInteractive Media & Services
Performance
% Chg-1.94%
1 Week12.77%
2 Weeks7.16%
1 Month4.94%
3 Month-40.63%
6 Month42.25%
12 Month23.74%
2 Year1.51%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.59
ATR(20)%7.8%
ATR Inc-47.57%
Range Today0.29
ADR(20)0.59
ADR(20)%7.32%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS35.43
Mansfield1
10 Day High8.36
10 Day Low6.86
20 Day High8.36
20 Day Low6.65
52 Week High17.4
52 Week Low4.92
CS1 End7.16
CR1 Start8.25
Volume & EV
DER(3)1.02%
DER(5)1.8%
Volume1.42M
Volume Incr-39.88%
Vol(5)1.55M
Vol(50)2.44M