RMI Technical Analysis & Stock Price Forecast

Technical Sentiment

Overall Consensus

Sell

Buy

Technical Analysis Consensus

Sell

Buy

Moving Average Consensus

Sell

Buy

Rivernorth Opportunistic Municipal Income Fund Inc (RMI) Moving Averages Convergence Divergence (MACD) indicator is -0.26, suggesting RMI is Sell.

Rivernorth Opportunistic Municipal Income Fund Inc (RMI) 20-Day simple moving average is 15.55, while Rivernorth Opportunistic Municipal Income Fund Inc (RMI) share price is $15.26, making it Sell.

Rivernorth Opportunistic Municipal Income Fund Inc (RMI) 60-Day simple moving average is 15.8, while Rivernorth Opportunistic Municipal Income Fund Inc (RMI) share price is $15.26, making it Sell.

Technical Analysis for RMI

Technical Sentiment Analysis for Rivernorth Opportunistic Municipal Income Fund Inc (RMI) As of 2024-12-27, Rivernorth Opportunistic Municipal Income Fund Inc (RMI) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 19 technical signals, shows that 8 indicators are flashing buy, while 11 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for RMI stands at 20.91, which suggests a Buy condition. Meanwhile, the MACD (12, 26) indicator is at -0.26, providing a Sell signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 4.75 and the Commodity Channel Index (CCI) at -119.93 further confirm a -1.01 outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, RMI is trading above its 60-day moving average of $15.8 and above its 200-day long-term moving average of $15.55. Key price levels to watch include the immediate resistance at $15.76 and strong support at $14.68. A break above $15.76 could signal a bull continuation, while falling below $14.68 may test the next Fibonacci floor at $14.2.

Rivernorth Opportunistic Municipal Income Fund Inc (RMI) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	13.6	14.2	14.68	15.28	15.76	16.36	16.84
Fibonacci	14.2	14.61	14.86	15.28	15.69	15.94	16.36

Rivernorth Opportunistic Municipal Income Fund Inc (RMI) Technical Indicators

2024-12-27

Name	Value
RSI_14	20.91
STOCHk_14_3_3	4.75
STOCHd_14_3_3	3.26
CCI_20	-119.93
AO_5_34	-0.75
MOM_10	-1.01
MACD_12_26_9	-0.26

Rivernorth Opportunistic Municipal Income Fund Inc (RMI) Relative Strength Index (RSI) is 20.91, creating a Buy signal.

Rivernorth Opportunistic Municipal Income Fund Inc (RMI) Stochastic Oscillator is 4.75, creating a Buy signal.

Rivernorth Opportunistic Municipal Income Fund Inc (RMI) Stochastic RSI is 3.26, creating a Buy signal.

Rivernorth Opportunistic Municipal Income Fund Inc (RMI) Commodity Channel Index (CCI) is -119.93, creating a Buy signal.

Rivernorth Opportunistic Municipal Income Fund Inc (RMI) Awesome Oscillator is -0.75, creating a Sell signal.

Rivernorth Opportunistic Municipal Income Fund Inc (RMI) Momentum is -1.01, creating a Sell signal.

Rivernorth Opportunistic Municipal Income Fund Inc (RMI) MACD is -0.26, creating a Sell signal.

Rivernorth Opportunistic Municipal Income Fund Inc (RMI) Moving Average

2024-12-27

Period	Simple	Signal
MA_5	14.9	Buy
MA_10	15.17	Buy
MA_20	15.55	Sell
MA_60	15.8	Sell
MA_200	15.55	Sell
MA_250	15.44	Sell

Rivernorth Opportunistic Municipal Income Fund Inc (RMI) 5-Day simple moving average is 14.9, while Rivernorth Opportunistic Municipal Income Fund Inc (RMI) share price is $15.26, making it a Buy.

Rivernorth Opportunistic Municipal Income Fund Inc (RMI) 10-Day simple moving average is 15.17, while Rivernorth Opportunistic Municipal Income Fund Inc (RMI) share price is $15.26, making it a Buy.

Rivernorth Opportunistic Municipal Income Fund Inc (RMI) 20-Day simple moving average is 15.55, while Rivernorth Opportunistic Municipal Income Fund Inc (RMI) share price is $15.26, making it a Sell.

Rivernorth Opportunistic Municipal Income Fund Inc (RMI) 60-Day simple moving average is 15.8, while Rivernorth Opportunistic Municipal Income Fund Inc (RMI) share price is $15.26, making it a Sell.

Rivernorth Opportunistic Municipal Income Fund Inc (RMI) 200-Day simple moving average is 15.55, while Rivernorth Opportunistic Municipal Income Fund Inc (RMI) share price is $15.26, making it a Sell.

Rivernorth Opportunistic Municipal Income Fund Inc (RMI) 250-Day simple moving average is 15.44, while Rivernorth Opportunistic Municipal Income Fund Inc (RMI) share price is $15.26, making it a Sell.

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Frequently Asked Questions

What is the current technical consensus for RMI?

The overall technical consensus for Rivernorth Opportunistic Municipal Income Fund Inc (RMI) is currently Sell. This rating is derived from a combined analysis of moving averages and oscillators, currently showing 6 buy signals and 7 sell signals.

What are the key support and resistance levels for Rivernorth Opportunistic Municipal Income Fund Inc (RMI) today?

Based on pivot point calculations, Rivernorth Opportunistic Municipal Income Fund Inc (RMI) has an immediate support level at 14.68 and a major resistance level at 15.76. Traders also monitor the pivot point at 15.28 to determine the intraday trend direction.

Is Rivernorth Opportunistic Municipal Income Fund Inc (RMI) overbought or oversold based on the RSI?

The Relative Strength Index (RSI) for Rivernorth Opportunistic Municipal Income Fund Inc (RMI) is currently 20.91. This indicates that the stock is in oversold territory (typically, a value below 30 is oversold and above 70 is overbought).

What signal is the MACD providing for Rivernorth Opportunistic Municipal Income Fund Inc (RMI)?

Rivernorth Opportunistic Municipal Income Fund Inc (RMI) Moving Averages Convergence Divergence (MACD) indicator is -0.26, suggesting RMI is Sell. This indicator helps identify potential trend reversals or momentum shifts for Rivernorth Opportunistic Municipal Income Fund Inc.

How is Rivernorth Opportunistic Municipal Income Fund Inc (RMI) performing relative to its 200-day moving average?

Rivernorth Opportunistic Municipal Income Fund Inc (RMI) is currently trading at $15.26, which is below its 200-day simple moving average of 15.55. Trading below the 200-day MA is often used by investors to determine the long-term bullish or bearish trend.