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 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
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.
We can see 4 important resistance 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.
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. |
NASDAQ:RMRM (9/30/2021, 8:00:02 PM)
10.31
-0.2 (-1.94%)
Rmr Real Estate Income Fund / RMRM 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.
What is the RSI signal for RMRM stock?
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 Rmr Real Estate Income Fund (RMRM) stock?
The MACD indicator for Rmr Real Estate Income Fund (RMRM) has a value of -0.0305097, indicating a bearish trend.
What is the short term momentum for Rmr Real Estate Income Fund (RMRM) stock?
The short term momentum for Rmr Real Estate Income Fund (RMRM) is negative.