Rumble Inc. Stock Forecast

High volatility in Rumble Inc. stock price on Wednesday which ended trading at $1.69
(Updated on May 08, 2024)

RUMBW Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". Some negative signals were issued as well, and these may have some influence on the near short-term development. The Rumble Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $1.72 and $1.86. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 30, 2024, and so far it has fallen -6.63%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Rumble Inc. stock

Rumble Inc. finds support from accumulated volume at $1.63 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.170 between high and low, or 11.11%. For the last week, the stock has had daily average volatility of 9.79%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (RUMBW) For The Upcoming Trading Day Of Thursday 9th

For the upcoming trading day on Thursday, 9th we expect Rumble Inc. to open at $1.64, and during the day (based on 14 day Average True Range), to move between $1.50 and $1.88, which gives a possible trading interval of +/-$0.194 (+/-11.45%) up or down from last closing price. If Rumble Inc. takes out the full calculated possible swing range there will be an estimated 22.91% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $1.63 (3.55%) than the resistance at $1.80 (6.51%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Rumble Inc. stock A Buy?

Rumble Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -5.320 Strong Sell Candidate Unchanged

Predicted Opening Price for Rumble Inc. of Thursday, May 9, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.