Today RMNI ranks # as HOLD CANDIDATE.
Today RMNI ranks # as HOLD CANDIDATE.

RMNI stock Rimini Street Inc

RMNI stock
Rimini Street Inc

22 January 2019
Change 0.00%
Chart period: 2018-10-23 - 2019-01-22
VOLUME
Sell
TREND
Sell

MV LONG
Buy

MV SHORT
Sell

PIVOT
Buy

MACD
Buy
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Rimini Street Inc Stock Analysis

Technical stock analysis for 22 January 2019

Hold candidate since 2019-01-18
Shorts n/a
Cash n/a
Loans n/a
Beta -0.46
ROA -65.86

No changes to the price of Rimini Street Inc in the last trading day. The price has fallen in 5 of the last 10 days and is down by -3.41% for this period.

Close price at the end of the last trading day (Tuesday, 22nd Jan 2019) of the RMNI stock was $5.39.

During day the stock fluctuated 0.00% from a day low at $5.39 to a day high of $5.39.

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 lies the upper part of a very wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $5.75 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -22.83% during the next 3 months and, with 90% probability hold a price between $2.92 and $4.44 at the end of this period.

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Signals

Rimini Street Inc holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $5.44. On a fall, the stock will find some support from the long-term average at approximately $5.11. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Wednesday January 16, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

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Relative Strength Index (RSI)

RSI14 is 55 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: $5.39 Resistance: $5.56

Risk

This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.00 between high and low, or 0.00%. For the last week the stock has had a daily average volatility of 4.39%.

Our recommended stoploss: $5.08 (-5.71%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from pivot bottom found 3 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Rimini Street Inc holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development.

Today RMNI ranks # as HOLD CANDIDATE.
Today RMNI ranks # as HOLD CANDIDATE.