RIVERNORTH OPPORT MUNI INC (RMI) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:RMI - US76883F1084
Taking everything into account, RMI scores 3 out of 10 in our technical rating. In the last year, RMI was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
RMI has a poor technical rating and the quality of the setup is also only medium 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.
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13.63
When analyzing the support we can see 2 important areas.
- A support zone ranging from 14.22 to 14.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 13.77 to 13.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 14.58 to 14.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @16.06 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 | NEUTRAL | NEUTRAL | The long term trend for RMI is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RMI is neutral. |
| ChartMill Relative Strength | 27.6 | NEGATIVE | RMI has a low relative strength, it was outperformed by 72.4% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of RMI is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RMI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of RMI is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.68 | NEUTRAL | The RSI value for RMI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests RMI has a positive trend. |
| Stochastics (14,3) | 81.96 | OVERBOUGHT | The high Stochastics value suggests RMI may be overbought. |
| Average True Range in percent/ATR (20) | 0.84 | LOW VOLATILITY | The low ATR as a percentage value for RMI suggests low volalility. |
| Average Directional Index/ADX (14) | 14.48 | NEGATIVE | The low ADX value for RMI suggests a weak or negative trend. |
NYSE:RMI (1/9/2026, 8:23:53 PM)
14.53
+0.09 (+0.62%)
RIVERNORTH OPPORT MUNI INC / RMI FAQ
What is the ChartMill technical rating of RIVERNORTH OPPORT MUNI INC (RMI) stock?
ChartMill assigns a technical rating of 3 / 10 to RMI.
What is the trend direction for RMI stock?
The current trend direction for RIVERNORTH OPPORT MUNI INC (RMI) is Bearish.
What is the RSI signal for RMI stock?
RIVERNORTH OPPORT MUNI INC (RMI) has an RSI value of 54.6795. This indicates that the stock is currently neutral.
What is the short term momentum for RIVERNORTH OPPORT MUNI INC (RMI) stock?
The short term momentum for RIVERNORTH OPPORT MUNI INC (RMI) is neutral.
What is the support and resistance level for RMI stock?
RIVERNORTH OPPORT MUNI INC (RMI) has a support level at 14.52 and a resistance level at 14.58. Check the full technical report for our detailed analysis of RMI support and resistance levels.