Rmr Real Estate Income Fund (RMRM) Technical Analysis
NASDAQ:RMRM
Current stock price
RMRM Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to RMRM. RMRM's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, RMRM is a bad performer in the overall market: 68% of all stocks are doing better.
- In the last month RMRM has a been trading in the 10.30 - 11.23 range, which is quite wide. It is currently trading near the lows of this range.
- Warning: RMRM has an average volume of 22744 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- RMRM is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so RMRM is lagging the market slightly.
- Volume is considerably higher in the last couple of days.
RMRM Weekly and Daily overview Charts
RMRM Setup Rating and Analysis
The technical rating of RMRM is bad and it also does not present a quality setup 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
RMRM Support and Resistance Analysis
10.20
When analyzing the support we notice one important area.
- A support zone ranging from 10.30 to 10.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 10.57 to 10.76. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 11.05 to 11.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @12.02 from a horizontal line in the daily time frame.
- Resistance @12.47 from a horizontal line in the daily time frame.
RMRM Technical Indicator Signal Analysis
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 RMRM is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RMRM is down. |
| ChartMill Relative Strength | 32.35 | NEUTRAL | RMRM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RMRM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RMRM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of RMRM is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 23.88 | OVERSOLD | The low RSI value suggests RMRM may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests RMRM has a negative trend. |
| Stochastics (14,3) | 6.25 | OVERSOLD | The low Stochastics value suggests RMRM may be oversold. |
| Average True Range in percent/ATR (20) | 1.9 | LOW VOLATILITY | The low ATR as a percentage value for RMRM suggests low volalility. |
RMRM Chart- and CandleStick Pattern Analysis
RMRM Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:RMRM (9/30/2021, 8:00:02 PM)
10.31
-0.2 (-1.94%)
Rmr Real Estate Income Fund / RMRM TA FAQ
Can you provide the ChartMill technical rating for Rmr Real Estate Income Fund?
ChartMill assigns a technical rating of 0 / 10 to RMRM.
Can you provide the trend direction for Rmr Real Estate Income Fund?
The current trend direction for Rmr Real Estate Income Fund (RMRM) is Bearish.
Can you provide the RSI signal for Rmr Real Estate Income Fund?
Rmr Real Estate Income Fund (RMRM) has an RSI value of 23.8763. This indicates that the stock is currently oversold.
What is the MACD signal for RMRM stock?
The MACD indicator for Rmr Real Estate Income Fund (RMRM) has a value of -0.0305097, indicating a bearish trend.
What are the support and resistance levels for Rmr Real Estate Income Fund (RMRM) stock?
Rmr Real Estate Income Fund (RMRM) has a support level at 10.3 and a resistance level at 10.57. Check the full technical report for our detailed analysis of RMRM support and resistance levels.