RIVERNORTH OPPORT MUNI INC (RMI) Stock Technical Analysis
NYSE:RMI - New York Stock Exchange, Inc. - US76883F1084 - Currency: USD
Overall RMI gets a technical rating of 0 out of 10. RMI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, RMI is a bad performer in the overall market: 75% of all stocks are doing better.
RMI is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so RMI is lagging the market.
Warning: RMI has an average volume of 26674 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month RMI has a been trading in a tight range between 14.20 and 14.87.
RMI has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 14.00, a Stop Loss order could be placed below this zone.
More info and screens
13.76
16.67
We found 1 important support area.
- A support zone ranging from 13.90 to 14.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 14.39 to 14.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 15.15 to 15.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 15.70 to 16.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 16.50 to 16.50. 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 | DOWN | NEGATIVE | The long term trend for RMI is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RMI is neutral. |
| ChartMill Relative Strength | 25.11 | NEGATIVE | RMI has a low relative strength, it was outperformed by 74.89% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RMI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RMI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RMI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.11 | NEUTRAL | The RSI value for RMI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests RMI has a negative trend. |
| Stochastics (14,3) | 16.12 | OVERSOLD | The low Stochastics value suggests RMI may be oversold. |
| Average True Range in percent/ATR (20) | 1.48 | LOW VOLATILITY | The low ATR as a percentage value for RMI suggests low volalility. |
| Average Directional Index/ADX (14) | 17.16 | NEGATIVE | The low ADX value for RMI suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
NYSE:RMI (6/6/2025, 8:25:38 PM)
14.37
+0.15 (+1.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.03%
1 Week-1.44%
2 Weeks0.14%
1 Month-0.62%
3 Month-7.17%
6 Month-10.22%
12 Month-10.19%
2 Year-12.22%
3 Year-17.89%
5 Year-32.25%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.22
ATR(20)%1.48%
ATR Inc-14.56%
Range Today0.24
ADR(20)0.21
ADR(20)%1.45%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS25.11
Mansfield-1.17
10 Day High14.87
10 Day Low14.2
20 Day High14.87
20 Day Low14.2
52 Week High16.74
52 Week Low13.63
CS1 End14
CR1 Start14.41
Volume & EV
DER(3)-1.17%
DER(5)-0.28%
Volume30.40K
Volume Incr-41.99%
Vol(5)17.36K
Vol(50)26.67K