Today RMNI ranks # as BUY CANDIDATE.
Today RMNI ranks # as BUY CANDIDATE.

RMNI stock Rimini Street Inc

RMNI stock
Rimini Street Inc

Tue 15'th Jan 2019

PERIOD 2018-10-16 - 2019-01-15
CHANGE 2.22%
VOLUME
Buy
TREND
Hold

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy
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Rimini Street Inc Stock Analysis

Technical stock analysis for Tue 15'th Jan 2019

Buy candidate since 2019-01-15
Shorts n/a
Cash n/a
Loans n/a
Beta -0.54
ROA -65.86

Rimini Street Inc gained 2.22% in the last trading day, rising from $5.41 to $5.53 The price has risen in 6 of the last 10 days and is up by 7.38% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 2 242 more shares were traded than the day before. In total, 6 366 shares bought and sold for approximately $35 204.00.

Close price at the end of the last trading day (Tuesday, 15th Jan 2019) of the RMNI stock was $5.53. This is 2.22% more than the trading day before Monday, 14th Jan 2019.

During day the stock fluctuated 8.08% from a day low at $5.32 to a day high of $5.75.

30 day high of the RMNI stock price was $5.79 and low was $4.36.
90 day high was $7.46 and low was $4.34.
52 week high for the Rimini Street Inc - $8.94 and low - $4.00.

Trend

Rimini Street Inc has broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction there will be support on the roof on the current trend broken, which is $5.52, a level that may pose a second chance to hit a runner. According to fan-theory $7.31 will be the next possible trendtop level and thereby pose a resistance level which may not be broken on the first attempt.

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Signals

Only positive signals in the chart today. Rimini Street Inc holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $5.50 and $5.08. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday January 14, 2019, which indicates further gains until a new top pivot has been found. Rimini Street Inc has rising volume and follows the last lift in the price. This considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.

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Relative Strength Index (RSI)

RSI14 is 66 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $4.92 and $4.56.

There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Rimini Street Inc finds support just below today's level at $4.92. If this is broken, then the next support from accumulated volume will be at $4.56 and $4.55.

Support: $4.92 Price: $5.53 Resistance: $5.58

Risk

This stock may move much during a 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 $0.43 between high and low, or 8.08%. For the last week, the stock has had a daily average volatility of 6.86%.

Our recommended stoploss: $5.21 (-5.71%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Buy Candidate.

Today RMNI ranks # as BUY CANDIDATE.
Today RMNI ranks # as BUY CANDIDATE.