Technical Analysis for RMM - RiverNorth Managed Duration Municipal Income Fund, Inc.

Grade Last Price % Change Price Change
B 15.39 -0.45% -0.07
RMM closed down 0.45 percent on Friday, July 5, 2024, on 1.33 times normal volume. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
Slingshot Bullish Bullish Swing Setup 0.00%
Upper Bollinger Band Walk Strength 0.00%
Overbought Stochastic Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
New 52 Week Closing High Bullish -0.45%
New 52 Week High Strength -0.45%
Upper Bollinger Band Walk Strength -0.45%
Above Upper BB Strength -0.45%
Overbought Stochastic Strength -0.45%
Upper Bollinger Band Touch Strength -0.45%

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Profile

Rivernorth Managed Duration Municipal Income Fund Inc. is a closed ended fixed income mutual fund launched and managed by RiverNorth Capital Management, LLC. The fund is co-managed by MacKay Shields LLC. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade municipal debt securities. It seeks to invest in securities of any maturity. The fund employs a combination of fundamental and quantitative analysis. It benchmarks the performance of its portfolio against the Bloomberg Barclays Municipal Bond Index. The fund employs proprietary research to create its portfolio. Rivernorth Managed Duration Municipal Income Fund Inc. was formed on July 26, 2019 and is domiciled in the United States.
Classification

Keywords: Bond Mutual Fund Debt Securities Bond Fund Hedge Funds

Is RMM 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 15.576
52 Week Low 11.7246
Average Volume 54,083
200-Day Moving Average 14.15
50-Day Moving Average 14.80
20-Day Moving Average 15.12
10-Day Moving Average 15.23
Average True Range 0.18
RSI (14) 69.42
ADX 41.16
+DI 32.24
-DI 11.93
Chandelier Exit (Long, 3 ATRs) 15.05
Chandelier Exit (Short, 3 ATRs) 15.16
Upper Bollinger Bands 15.46
Lower Bollinger Band 14.77
Percent B (%b) 0.89
BandWidth 4.62
MACD Line 0.17
MACD Signal Line 0.14
MACD Histogram 0.024
Fundamentals Value
Market Cap 303.79 Million
Num Shares 19.7 Million
EPS -0.88
Price-to-Earnings (P/E) Ratio -17.54
Price-to-Sales 0.00
Price-to-Book 0.00
Dividend 1.10
Dividend Yield 7.15%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 15.84
Resistance 3 (R3) 15.83 15.66 15.77
Resistance 2 (R2) 15.66 15.55 15.67 15.74
Resistance 1 (R1) 15.53 15.48 15.45 15.54 15.71
Pivot Point 15.36 15.36 15.32 15.37 15.36
Support 1 (S1) 15.23 15.25 15.15 15.24 15.07
Support 2 (S2) 15.06 15.18 15.07 15.04
Support 3 (S3) 14.93 15.06 15.02
Support 4 (S4) 14.94