Rumble Bets On AI Cloud Growth With Northern Data Takeover Plans
Rumble Inc. Financial Performance: Rumble reported a net loss of $30.2 million for Q2, with revenue rising 12% year-over-year to $25.08 million, but missing analyst expectations. Monthly active users decreased to 51 million, attributed to slower political commentary, while average revenue per user increased by 24%.
Acquisition Plans and Future Growth: Rumble is pursuing an all-stock acquisition of Northern Data AG, which would integrate its data centers into Rumble's operations. The deal is contingent on due diligence and regulatory approvals, and CEO Chris Pavlovski indicated a new phase of aggressive growth supported by Tether.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
About the author
