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Rumble Inc. (NASDAQ: RUM)
Rumble Inc. (NASDAQ: RUM) is a video sharing platform and cloud services provider. The Company comprises two segments: Rumble Services and Rumble Cloud. Rumble Services consists of three core businesses: Rumble Video, Rumble Studio, and Rumble Advertising Center (RAC).
Technical Observation (on the daily chart):
RUM's current stock price is trading within a specific range, which could result in a sideways trend in the short term. The 21-period and 50-period simple moving averages are positioned above the price, potentially serving as immediate resistance and limiting upward movement. Additionally, the 14-day Relative Strength Index (RSI) is below the neutral level, suggesting weak momentum. Key support and resistance levels will be critical supply and demand zones in the days ahead.
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