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RIVERNORTH OPPORT MUNI INC (RMI) Stock Technical Analysis

NYSE:RMI - New York Stock Exchange, Inc. - US76883F1084 - Currency: USD

15.79  -0.02 (-0.1%)

Technical Rating and Analysis

3

Taking everything into account, RMI scores 3 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. RMI was also a bad performer in the overall market in the last year.

63% of all other stocks performed better in the past year than RMI.
Warning: RMI has an average volume of 27762 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
RMI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RMI is lagging the market.
In the last month RMI has a been trading in a tight range between 15.27 and 15.84.
Considerably lower volume is observed in the last couple of days.
Weekly and Daily overview Charts
RIVERNORTH OPPORT MUNI INC / RMI Weekly stock chart
RIVERNORTH OPPORT MUNI INC / RMI Daily stock chart
Setup Rating and Analysis

8

Although the technical rating is bad, RMI does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 15.97. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 15.76, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

14.70

16.67

We found 2 important support areas.

  • A support zone ranging from 15.50 to 15.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 14.85 to 15.23. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 15.97 to 16.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS37.54
Mansfield-0.77
10 Day High15.84
10 Day Low15.27
20 Day High15.84
20 Day Low15.27
52 Week High16.74
52 Week Low14.79
Performance
1 Week0.06%
2 Weeks0%
1 Month1.64%
3 Month0.38%
6 Month-1.44%
12 Month-2.65%
2 Year-5.62%
3 Year-19.4%
5 Year-29.29%
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0
RSI(14)57.79
LBB15.64
UBB15.88
RIVERNORTH OPPORT MUNI INC / RMI Daily stock chart

RIVERNORTH OPPORT MUNI INC

NYSE:RMI (2/21/2025, 8:04:00 PM)

15.79

-0.02 (-0.1%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.1%
1 Week0.06%
2 Weeks0%
1 Month1.64%
3 Month0.38%
6 Month-1.44%
12 Month-2.65%
2 Year-5.62%
3 Year-19.4%
5 Year-29.29%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.14
ATR(20)%0.87%
ATR Inc-48.93%
Range Today0.08
ADR(20)0.12
ADR(20)%0.78%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS37.54
Mansfield-0.77
10 Day High15.84
10 Day Low15.27
20 Day High15.84
20 Day Low15.27
52 Week High16.74
52 Week Low14.79
CS1 End15.76
CR1 Start15.97
Volume & EV
DER(3)-2.38%
DER(5)-4.17%
Volume18.60K
Volume Incr14.4%
Vol(5)14.42K
Vol(50)27.76K