Rimini Street (RMNI): ERP Support Demand Powers Stock StrengthRimini Street, Inc. (RMNI) is a global provider of enterprise software support services, helping businesses optimize and extend the life of their existing ERP systems like Oracle and SAP. By offering a more cost-effective alternative to traditional vendor support, Rimini Street helps clients free up resources for innovation and strategic initiatives. As companies look for ways to reduce IT expenses and increase flexibility, Rimini Street is well-positioned to capitalize on the growing demand for third-party support solutions.
Currently, the stock is sitting just under the 0.236 Fibonacci retracement level, about to enter the momentum zone. RMNI is testing recent highs, showing bullish strength and signaling the potential for a breakout if buyers continue to support the move with strong volume.
RMNI trade ideas
RMNI Long Trade Setup | Entry, SL, T1, T2!Entry: $2.86 (breakout level)
Stop Loss (SL): $2.70 (marked in red) 🚫
Target 1 (T1): $3.01 (marked in yellow) 🟡
Target 2 (T2): $3.18 (marked in green) ✅
Reason: Ascending triangle breakout suggests bullish momentum. Breakout above $2.86 confirms upside potential.
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$RMNI - Buy with +20% upside Technical Analysis
Monthly William %R was oversold and now crossing above -80 zone
Weekly RSI crossing above 50 and looking ready to curl upwards.
Risk/Reward 1:1.9
Price Target
Buy between $6.50 and $7.20
Analyst Price target: $9
Fib Level Price Target of $7.85 -$8.72 (+9% to +20%)
Wanting RMNI to pass the $5.19 Target LevelFirst off, please don't take anything I say seriously. As always, this is on opinion based basis and not meant to be take as financial advice. That being said, I think RMNI is about to have some very positive support and looking like it may be on a positive correlation or a small continued bullish run. A $5.19 target level is optimistic, but quite realistic looking at the chart patterns and past waves.
RMNI Forecast Report by using Artificial IntelligenceArtificial Intelligence 3 Days Forecast Report made by Interir.com
The goal is to keep a transparent track record of performance using Artificial Intelligence.
The results of this analysis were:
ANALYSIS PRICE
$ 4.75
POSITION
HOLD
CHANCE OF SUCCESS
90.91%
PRICE TARGET
$4,83