Rmr Real Estate Income Fund (RMRM) Stock Technical Analysis
NASDAQ:RMRM - Nasdaq -
Taking everything into account, RMRM scores 0 out of 10 in our technical rating. RMRM scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
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 currently trading near new highs, so RMRM is lagging the market.
Volume is considerably higher in the last couple of days.
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
10.20
12.59
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.
4 important resistance areas can be observed.
- 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.
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. |
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)
NASDAQ:RMRM (9/30/2021, 8:00:02 PM)
10.31
-0.2 (-1.94%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.94%
1 Week-2.74%
2 Weeks-5.34%
1 Month-7.95%
3 Month-14.44%
6 Month-14.51%
12 Month16.37%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.2
ATR(20)%1.9%
ATR Inc133.79%
Range Today0.5
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS32.35
Mansfield-1.12
10 Day High10.88
10 Day Low10.3
20 Day High11.23
20 Day Low10.3
52 Week High13.64
52 Week Low6.77
CS1 End10.3
CR1 Start10.57
Volume & EV
DER(3)3.38%
DER(5)0.43%
Volume63.40K
Volume Incr67.79%
Vol(5)41.78K
Vol(50)22.74K