RIVERNORTH OPPORTUNITIES (RIV) Stock Technical Analysis
NYSE:RIV - New York Stock Exchange, Inc. - US76881Y1091 - Currency: USD
We assign a technical rating of 8 out of 10 to RIV. Although RIV is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, RIV also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 12.19. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 12.09, a Stop Loss order could be placed below this zone.
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10.69
When analyzing the support we can see 2 important areas.
- A support zone ranging from 11.83 to 12.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 10.80 to 10.93. This zone is formed by a combination of multiple trend lines in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 12.19 to 12.25. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 12.69 to 12.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 41.5 | 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) | DOWN | MIXED | The current price of RIV is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63 | NEUTRAL | The RSI value for RIV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests RIV has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 70.98 | NEUTRAL | The Stochastics value for RIV is a neutral value. |
| Average True Range in percent/ATR (20) | 1.21 | LOW VOLATILITY | The low ATR as a percentage value for RIV suggests low volalility. |
| Average Directional Index/ADX (14) | 18.27 | NEGATIVE | The low ADX value for RIV suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 12.26 | 11.84 | 0.42 (3.46%) | 25.00% |
| An entry @12.26. This is a Buy Stop order right above the resistance zone. | An exit @11.84. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.42 points, which is 3.46%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.87%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NYSE:RIV (6/6/2025, 8:25:26 PM)
12.14
+0.04 (+0.33%)