Technical Analysis for RMI - RiverNorth Opportunistic Municipal Income Fund, Inc.

Grade Last Price % Change Price Change
C 15.82 0.32% 0.05
RMI closed up 0.32 percent on Friday, May 24, 2024, on 74 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Down

Date Alert Name Type % Chg
MACD Bearish Signal Line Cross Bearish 0.00%
Crossed Above 20 DMA Bullish 0.00%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 0.00%
NR7 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Inside Day Range Contraction 0.00%
Gapped Up Strength 0.00%
Fell Below 20 DMA Bearish 0.32%
50 DMA Support Bullish 0.32%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 0.32%

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Profile

The Fund will seek to achieve its investment objectives by investing, directly or indirectly, at least 80% of its Managed Assets in municipal bonds, the interest on which is, in the opinion of bond counsel to the issuers, generally excludable from gross income for regular U.S. federal income tax purposes, except that the interest may be includable in taxable income for purposes of the Federal alternative minimum tax. In order to qualify to pay exempt-interest dividends, which are items of interest excludable from gross income for federal income tax purposes, the Fund will seek to invest at least 50% of its Managed Assets directly in such Municipal Bonds.
Classification

Keywords: Exchange Traded Fund ETF Bond Municipal Bond Alternative Minimum Tax Government Income Tax Gross Income Income Taxation

Is RMI a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 16.2997
52 Week Low 12.4954
Average Volume 14,589
200-Day Moving Average 14.99
50-Day Moving Average 15.70
20-Day Moving Average 15.80
10-Day Moving Average 15.98
Average True Range 0.20
RSI (14) 50.98
ADX 23.25
+DI 19.54
-DI 19.19
Chandelier Exit (Long, 3 ATRs) 15.64
Chandelier Exit (Short, 3 ATRs) 15.87
Upper Bollinger Bands 16.36
Lower Bollinger Band 15.24
Percent B (%b) 0.52
BandWidth 7.11
MACD Line 0.10
MACD Signal Line 0.11
MACD Histogram -0.0098
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 15.94
Resistance 3 (R3) 15.95 15.92 15.92
Resistance 2 (R2) 15.92 15.89 15.92 15.91
Resistance 1 (R1) 15.87 15.87 15.86 15.86 15.91
Pivot Point 15.84 15.84 15.83 15.84 15.84
Support 1 (S1) 15.79 15.81 15.78 15.78 15.73
Support 2 (S2) 15.76 15.79 15.76 15.73
Support 3 (S3) 15.71 15.76 15.72
Support 4 (S4) 15.70