Technical Analysis for RMM - RiverNorth Managed Duration Municipal Income Fund, Inc.

Grade Last Price % Change Price Change
C 14.81 0.61% 0.09
RMM closed up 0.14 percent on Friday, May 3, 2024, on 78 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Flat Up

Date Alert Name Type % Chg
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 0.61%
20 DMA Support Bullish 0.61%
NR7 Range Contraction 0.61%
Up 3 Days in a Row Strength 0.61%
Crossed Above 20 DMA Bullish 0.75%
MACD Bullish Signal Line Cross Bullish 0.75%
Gapped Up Strength 0.75%
Stochastic Buy Signal Bullish 1.30%
Inside Day Range Contraction 1.30%
Gapped Up Strength 1.30%

   Recent Intraday Alerts

Alert Time
Possible Pocket Pivot about 2 hours ago
Rose Above Previous Day's High about 6 hours ago
Rose Above Upper Bollinger Band about 6 hours ago
50 DMA Resistance about 6 hours ago
2x Volume Pace about 6 hours ago

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Profile

Rivernorth Managed Duration Municipal Income Fund Inc. is a closed ended fixed income mutual fund launched and managed by RiverNorth Capital Management, LLC. The fund is co-managed by MacKay Shields LLC. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade municipal debt securities. It seeks to invest in securities of any maturity. The fund employs a combination of fundamental and quantitative analysis. It benchmarks the performance of its portfolio against the Bloomberg Barclays Municipal Bond Index. The fund employs proprietary research to create its portfolio. Rivernorth Managed Duration Municipal Income Fund Inc. was formed on July 26, 2019 and is domiciled in the United States.
Classification

Keywords: Bond Mutual Fund Debt Securities Bond Fund Hedge Funds

Is RMM a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 15.203
52 Week Low 11.8688
Average Volume 50,691
200-Day Moving Average 14.22
50-Day Moving Average 14.84
20-Day Moving Average 14.68
10-Day Moving Average 14.63
Average True Range 0.13
RSI (14) 50.50
ADX 17.17
+DI 16.46
-DI 21.35
Chandelier Exit (Long, 3 ATRs) 14.63
Chandelier Exit (Short, 3 ATRs) 14.88
Upper Bollinger Bands 14.87
Lower Bollinger Band 14.49
Percent B (%b) 0.6
BandWidth 2.61
MACD Line -0.05
MACD Signal Line -0.06
MACD Histogram 0.0118
Fundamentals Value
Market Cap 290.57 Million
Num Shares 19.7 Million
EPS -0.88
Price-to-Earnings (P/E) Ratio -16.77
Price-to-Sales 0.00
Price-to-Book 0.00
Dividend 1.10
Dividend Yield 7.47%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 14.83
Resistance 3 (R3) 14.83 14.79 14.81
Resistance 2 (R2) 14.79 14.76 14.79 14.81
Resistance 1 (R1) 14.75 14.74 14.73 14.76 14.80
Pivot Point 14.71 14.71 14.70 14.71 14.71
Support 1 (S1) 14.68 14.68 14.66 14.68 14.64
Support 2 (S2) 14.64 14.67 14.64 14.63
Support 3 (S3) 14.60 14.64 14.63
Support 4 (S4) 14.61