Technical Analysis for OPP - RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| B | 8.17 | -0.49% | -0.04 |
OPP closed down 0.49 percent on Friday, April 19, 2024, on 74 percent of normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Strong | Up | Flat | Down |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Fell Below 50 DMA | Bearish | 0.00% | |
| Strong but Oversold | Other | 0.00% | |
| Oversold Stochastic | Weakness | 0.00% | |
| MACD Bearish Centerline Cross | Bearish | -0.49% | |
| Crossed Above 50 DMA | Bullish | -0.49% | |
| NR7 | Range Contraction | -0.49% | |
| NR7-2 | Range Contraction | -0.49% | |
| Narrow Range Bar | Range Contraction | -0.49% | |
| Strong but Oversold | Other | -0.49% | |
| Strong, Oversold and Reversal Signs | Reversal | -0.49% |
| Alert | Time |
|---|---|
| 60 Minute Opening Range Breakdown | about 15 hours ago |
| 60 Minute Opening Range Breakout | about 18 hours ago |
| 50 DMA Support | about 20 hours ago |
| Fell Below 50 DMA | about 21 hours ago |
| Fell Below Previous Day's Low | about 21 hours ago |
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RiverNorth/DoubleLine Strategic Opportunity Fund Inc is a closed-end management investment company. The company's investment objective is to seek current income and overall total return.
Keywords: Exchange Traded Fund ETF Opportunity Fund Investment Company Jeffrey Gundlach
Classification
Keywords: Exchange Traded Fund ETF Opportunity Fund Investment Company Jeffrey Gundlach
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 8.5474 |
| 52 Week Low | 6.7494 |
| Average Volume | 96,696 |
| 200-Day Moving Average | 7.75 |
| 50-Day Moving Average | 8.20 |
| 20-Day Moving Average | 8.32 |
| 10-Day Moving Average | 8.27 |
| Average True Range | 0.09 |
| RSI (14) | 42.86 |
| ADX | 30.77 |
| +DI | 22.95 |
| -DI | 25.15 |
| Chandelier Exit (Long, 3 ATRs) | 8.27 |
| Chandelier Exit (Short, 3 ATRs) | 8.39 |
| Upper Bollinger Bands | 8.54 |
| Lower Bollinger Band | 8.11 |
| Percent B (%b) | 0.13 |
| BandWidth | 5.06 |
| MACD Line | -0.01 |
| MACD Signal Line | 0.02 |
| MACD Histogram | -0.0328 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 8.26 | ||||
| Resistance 3 (R3) | 8.27 | 8.24 | 8.25 | ||
| Resistance 2 (R2) | 8.24 | 8.22 | 8.24 | 8.24 | |
| Resistance 1 (R1) | 8.21 | 8.21 | 8.20 | 8.20 | 8.23 |
| Pivot Point | 8.18 | 8.18 | 8.18 | 8.18 | 8.18 |
| Support 1 (S1) | 8.15 | 8.16 | 8.14 | 8.14 | 8.11 |
| Support 2 (S2) | 8.12 | 8.15 | 8.12 | 8.10 | |
| Support 3 (S3) | 8.09 | 8.12 | 8.10 | ||
| Support 4 (S4) | 8.08 |
