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RMGBU NEWS why is Rmg Acquisition Corp Ii price falling or rising

RMGBU NEWS reasons for why stock price of Rmg Acquisition Corp Ii is falling or rising

RMGBU Rmg Acquisition is falling or rising technical reasons

Technical analysis forecast for Rmg Acquisition Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Rmg Acquisition RMGBU at this time. Stock is falling and might fall more.

It appears as if Rmg Acquisition RMGBU gave a large move recently.

Stock of Rmg Acquisition (RMGBU) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Rmg Acquisition is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Rmg Acquisition stays below 9.5, but if it comes above 9.5, then a intra day buy could be more profitable.
If you take a sell trade below 9.5, then use 9.5 as stoploss and 8.9 as target. However if you take a buy trade in Rmg Acquisition, then use 9.5 as stoploss and 9.94 as target.

RMGBU Rmg Acquisition is falling or rising NEWS fundamental reasons

More announcements and NEWS

RMGBU Rmg Acquisition Corp Ii current price & indicator signals

Moving Averages for Rmg Acquisition Corp Ii

  • 5Day Average: 9.32
  • 12Day Average: 9.88
  • 20Day Average: 10.09
  • 50Day Average: 10.36
  • 100Day Average: 10.4
  • 150Day Average: 10.75

RMGBU Indicators & signals

Indicator MACD (12,26,9)

9.73, 10.04, -0.18
Indicator MACD is in negative zone

Indicator ADX (14)

15.79, 30.77, 42.31
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 31
Indicator RSI is indicating selling pressure and stock might fall.

Recent prices of RMGBU Rmg Acquisition Corp Ii are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
23 Mon Aug 2021 9.23 9.07 to 9.69 0.33% 0.36 times
20 Fri Aug 2021 9.20 9.19 to 9.69 -2.02% 0.33 times
19 Thu Aug 2021 9.39 9.38 to 9.39 0.11% 0.03 times
18 Wed Aug 2021 9.38 9.10 to 9.38 0% 2.09 times
17 Tue Aug 2021 9.38 9.34 to 9.84 -6.67% 0.91 times
16 Mon Aug 2021 10.05 9.91 to 10.33 0.8% 0.16 times
13 Fri Aug 2021 9.97 9.96 to 10.23 -2.35% 0.13 times
12 Thu Aug 2021 10.21 10.02 to 10.38 -1.92% 0.89 times
11 Wed Aug 2021 10.41 10.25 to 10.47 0.1% 2.08 times
10 Tue Aug 2021 10.40 10.30 to 10.53 -0.95% 2.07 times
09 Mon Aug 2021 10.50 10.50 to 10.53 0.77% 1.32 times
06 Fri Aug 2021 10.42 10.42 to 10.53 -0.95% 4.88 times

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