RIVERNORTH OPPORT MUNI INC (RMI) Stock Technical Analysis
USA - NYSE:RMI - US76883F1084
14.53 USD
+0.02 (+0.14%)
Taking everything into account, RMI scores 5 out of 10 in our technical rating. RMI has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
79% of all other stocks performed better in the past year than RMI.
RMI is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month RMI has a been trading in the 13.77 - 14.65 range, which is quite wide. It is currently trading near the high of this range.
Considerably lower volume is observed in the last couple of days.
RMI has an average technical rating and also the quality of the setup is 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.
More info and screens
13.64
16.67
We found 1 important support area.
- A support zone ranging from 13.78 to 14.51. 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 4 important areas.
- Resistance @14.54 from a trend line in the daily time frame.
- Resistance @14.83 from a trend line in the weekly time frame.
- Resistance @16.06 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 16.41 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 | NEUTRAL | NEUTRAL | The long term trend for RMI is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RMI is up. |
| ChartMill Relative Strength | 21.38 | NEGATIVE | RMI has a low relative strength, it was outperformed by 78.62% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RMI is above the rising 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 | NEGATIVE | The current price of RMI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 66.66 | NEUTRAL | The RSI value for RMI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests RMI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.63 | OVERBOUGHT | The high Stochastics value suggests RMI may be overbought. |
| Average True Range in percent/ATR (20) | 0.89 | LOW VOLATILITY | The low ATR as a percentage value for RMI suggests low volalility. |
| Average Directional Index/ADX (14) | 35.92 | POSITIVE | The high ADX value value for RMI suggests a strong 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 (9/22/2025, 12:28:01 PM)
14.53
+0.02 (+0.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.14%
1 Week-0.42%
2 Weeks3.23%
1 Month5.29%
3 Month1.39%
6 Month-4.04%
12 Month-10.5%
2 Year1.04%
3 Year-6.99%
5 Year-28.91%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.14
ATR(20)%0.89%
ATR Inc1.79%
Range Today0.06
ADR(20)0.12
ADR(20)%0.84%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.38
Mansfield-1.34
10 Day High14.66
10 Day Low14.12
20 Day High14.66
20 Day Low13.77
52 Week High16.74
52 Week Low13.63
CS1 End14.46
CR1 Start14.51
Volume & EV
DER(3)0.16%
DER(5)1.03%
Volume13.48K
Volume Incr-53.26%
Vol(5)28.74K
Vol(50)51.38K