Rumble Stages Relief Rally After Multi-Month Slide
$Rumble Inc.(RUM)$
$6.56 (+11.38%): Oversold bounce on 4× volume—watch $6.75/$7.24 for a trend turn
Market Recap:
Rumble closed at $6.56, up +11.38%, still ~62% below its 52-week high ($17.40). Volume swelled to ~12.0M vs ~3.1M average, signaling strong participation.
Drivers today:
oversold relief rally after a multi-month slide;
bargain hunting/short-covering ahead of next catalysts;
sentiment lift across high-beta small caps.
Technicals & 1-week view
MACD: histogram remains negative but narrowing while the MACD line curls up—early momentum repair.
RSI: RSI rebounded to ~45, exiting near-oversold and aiming for neutral.
EMA stack: price below 20-EMA ~$6.75 and 50-EMA ~$7.24; reclaiming both would flip the near-term bias from down to neutral-up.
Key levels: Support $6.20, then $5.60. Resistance $6.90 $7.24 (50-EMA), then $7.50–$8.00.
Valuation: negative EPS (no meaningful P/E) vs S&P 500 ~25×; beta ~0.69 (Yahoo).
Target: base case $7.10–$7.50 on sustained close above the 20-EMA; stretch $8.00 if volume stays elevated. Street 1-yr target sits near $14.50 (reference).
Risk & Disclaimer.
Unprofitable profile, headline risk, and high volatility can amplify moves both ways. Technical commentary only, based on your TradingView & Yahoo Finance snapshots (today’s close); not investment advice.
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