Technical Analysis for RMMZ - RiverNorth Managed Duration Municipal Income Fund II Inc

Grade Last Price % Change Price Change
C 15.72 -0.35% -0.06
RMMZ closed down 0.35 percent on Monday, May 6, 2024, on 1.67 times normal volume. It ran into resistance at its 50 day moving average.
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
50 DMA Resistance Bearish 0.00%
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 0.00%
Gapped Up Strength 0.00%
50 DMA Resistance Bearish -0.35%
Crossed Above 20 DMA Bullish -0.35%
MACD Bullish Signal Line Cross Bullish -0.35%
Up 3 Days in a Row Strength -0.35%
Narrow Range Bar Range Contraction 0.87%
Inside Day Range Contraction 0.87%
20 DMA Resistance Bearish 1.26%

   Recent Intraday Alerts

Alert Time
2x Volume Pace about 11 hours ago
Gap Up Closed about 13 hours ago
50 DMA Resistance about 13 hours ago
1.5x Volume Pace about 13 hours ago
Reversed from Up about 13 hours ago

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Profile

The RiverNorth Managed Duration Municipal Income Fund, Inc. seeks to provide current income exempt from regular U.S. federal income taxes1 with a secondary objective of total return. RiverNorth also believes combining a municipal closed-end fund strategy with a proven municipal bond manager such as MacKay Municipal Managers provides an attractive investment vehicle for investors.
Classification

Keywords: Bond Municipal Bond Investor Income Fund

Is RMMZ 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 16.274
52 Week Low 12.438
Average Volume 20,441
200-Day Moving Average 14.88
50-Day Moving Average 15.77
20-Day Moving Average 15.62
10-Day Moving Average 15.64
Average True Range 0.28
RSI (14) 50.98
ADX 16.37
+DI 20.52
-DI 13.07
Chandelier Exit (Long, 3 ATRs) 15.45
Chandelier Exit (Short, 3 ATRs) 16.05
Upper Bollinger Bands 16.05
Lower Bollinger Band 15.19
Percent B (%b) 0.61
BandWidth 5.54
MACD Line -0.04
MACD Signal Line -0.06
MACD Histogram 0.0158
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 16.11
Resistance 3 (R3) 16.13 16.03 16.04
Resistance 2 (R2) 16.03 15.93 16.01 16.02
Resistance 1 (R1) 15.87 15.87 15.82 15.85 16.00
Pivot Point 15.77 15.77 15.74 15.75 15.77
Support 1 (S1) 15.61 15.67 15.56 15.58 15.43
Support 2 (S2) 15.50 15.60 15.49 15.41
Support 3 (S3) 15.35 15.50 15.39
Support 4 (S4) 15.32