Technical Analysis for RMI - RiverNorth Opportunistic Municipal Income Fund, Inc.
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| C | 15.84 | -0.31% | -0.05 |
RMI closed down 0.31 percent on Friday, November 1, 2024, on 68 percent of normal volume. It ran into resistance at its 50 day moving average. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Up | Down | Down |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| 50 DMA Resistance | Bearish | 0.00% | |
| Gapped Up | Strength | 0.00% | |
| Oversold Stochastic | Weakness | 0.00% | |
| Lower Bollinger Band Walk | Weakness | -0.31% | |
| Gapped Up | Strength | -0.31% | |
| Oversold Stochastic | Weakness | -0.31% | |
| Bullish Engulfing | Bullish | -0.19% | |
| Lower Bollinger Band Walk | Weakness | -0.19% | |
| Lower Bollinger Band Touch | Weakness | -0.19% | |
| Oversold Stochastic | Weakness | -0.19% |
| Alert | Time |
|---|---|
| Gap Up Closed | about 21 hours ago |
| 60 Minute Opening Range Breakdown | about 21 hours ago |
| 50 DMA Resistance | about 21 hours ago |
| 10 DMA Resistance | about 21 hours ago |
| Reversed from Up | about 21 hours ago |
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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.
Keywords: Exchange Traded Fund ETF Bond Municipal Bond Alternative Minimum Tax Government Income Tax Gross Income Income Taxation
Classification
Keywords: Exchange Traded Fund ETF Bond Municipal Bond Alternative Minimum Tax Government Income Tax Gross Income Income Taxation
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 16.42 |
| 52 Week Low | 13.0839 |
| Average Volume | 20,720 |
| 200-Day Moving Average | 15.54 |
| 50-Day Moving Average | 16.03 |
| 20-Day Moving Average | 16.14 |
| 10-Day Moving Average | 15.98 |
| Average True Range | 0.14 |
| RSI (14) | 35.90 |
| ADX | 23.93 |
| +DI | 23.29 |
| -DI | 25.13 |
| Chandelier Exit (Long, 3 ATRs) | 16.00 |
| Chandelier Exit (Short, 3 ATRs) | 16.16 |
| Upper Bollinger Bands | 16.56 |
| Lower Bollinger Band | 15.72 |
| Percent B (%b) | 0.14 |
| BandWidth | 5.21 |
| MACD Line | -0.08 |
| MACD Signal Line | -0.02 |
| MACD Histogram | -0.0571 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 16.22 | ||||
| Resistance 3 (R3) | 16.25 | 16.17 | 16.15 | ||
| Resistance 2 (R2) | 16.17 | 16.07 | 16.15 | 16.13 | |
| Resistance 1 (R1) | 16.00 | 16.01 | 15.96 | 15.97 | 16.11 |
| Pivot Point | 15.92 | 15.92 | 15.90 | 15.90 | 15.92 |
| Support 1 (S1) | 15.75 | 15.82 | 15.71 | 15.72 | 15.57 |
| Support 2 (S2) | 15.67 | 15.76 | 15.65 | 15.55 | |
| Support 3 (S3) | 15.50 | 15.67 | 15.53 | ||
| Support 4 (S4) | 15.47 |
