RIVERNORTH OPPORTUNITIES (RIV) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:RIV - US76881Y1091
Taking everything into account, RIV scores 6 out of 10 in our technical rating. In the last year, RIV was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- Both the short term and long term trends are positive. This is a very positive sign.
- RIV is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so RIV is lagging the market slightly.
- When compared to the yearly performance of all other stocks, RIV outperforms 43% of them, which is more or less in line with the market.
- In the last month RIV has a been trading in a tight range between 11.66 and 12.05.
RIV has an average technical rating and the quality of the presented setup is also not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
11.37
We found 1 important support area.
- A support zone ranging from 11.48 to 11.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 12.10 to 12.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @12.88 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for RIV is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RIV is up. |
| ChartMill Relative Strength | 43.61 | NEUTRAL | RIV is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RIV is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RIV is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RIV is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.03 | NEUTRAL | The RSI value for RIV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests RIV has a positive trend. |
| Stochastics (14,3) | 76.75 | NEUTRAL | The Stochastics value for RIV is a neutral value. |
| Average True Range in percent/ATR (20) | 0.83 | LOW VOLATILITY | The low ATR as a percentage value for RIV suggests low volalility. |
| Average Directional Index/ADX (14) | 14.65 | NEGATIVE | The low ADX value for RIV suggests a weak or negative trend. |
12.04
+0.06 (+0.5%)
RIVERNORTH OPPORTUNITIES / RIV FAQ
What is the technical rating for RIV stock?
ChartMill assigns a technical rating of 6 / 10 to RIV.
What is the trend direction for RIV stock?
The current trend direction for RIVERNORTH OPPORTUNITIES (RIV) is Bullish.
Can you provide the RSI signal for RIVERNORTH OPPORTUNITIES?
RIVERNORTH OPPORTUNITIES (RIV) has an RSI value of 63.034. This indicates that the stock is currently neutral.
What is the buy/sell signal for RIVERNORTH OPPORTUNITIES (RIV) stock?
The buy/sell signal for RIVERNORTH OPPORTUNITIES (RIV) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for RIVERNORTH OPPORTUNITIES (RIV) stock?
RIVERNORTH OPPORTUNITIES (RIV) has a support level at 11.98 and a resistance level at 12.1. Check the full technical report for our detailed analysis of RIV support and resistance levels.