Technical Analysis for RIV - RiverNorth Opportunities Fund, Inc.

Grade Last Price % Change Price Change
grade C 14.62 -1.15% -0.17
RIV closed down 1.15 percent on Thursday, June 4, 2020, on approximately normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Up Up
Historical RIV trend table...

Date Alert Name Type % Chg
Slingshot Bullish Bullish Swing Setup 0.00%
Upper Bollinger Band Walk Strength 0.00%
Overbought Stochastic Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
Stochastic Sell Signal Bearish -1.15%
Upper Bollinger Band Walk Strength -1.15%
Above Upper BB Strength -1.15%
Gapped Up Strength -1.15%
Overbought Stochastic Strength -1.15%
Up 3 Days in a Row Strength -1.15%

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Profile

Rivernorth Opportunities Fund, Inc. (the Fund) is a diversified, closed-end management investment company. The Fund's investment objective is total return consisting of capital appreciation and current income. The Fund seeks to achieve its investment objective by pursuing a tactical asset allocation strategy and opportunistically investing under normal circumstances in closed-end funds and exchange-traded funds (ETFs, and collectively, Underlying Funds). Underlying funds may include business development companies. Under normal circumstances, the Fund intends to maintain long positions in Underlying Funds, but may engage in short sales for investment purposes. The Company's assets include closed-end funds, business development companies, business development company bond, preferred stock, and cash and cash equivalents. ALPS Advisors, Inc. is the investment advisor of the Fund. RiverNorth Capital Management, LLC is the investment sub-advisor of the Fund.
Exchange Traded Fund ETF Index Fund Institutional Investors Hedge Fund Closed End Fund Investment Funds Opportunities Fund

Is RIV 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 17.75
52 Week Low 8.65
Average Volume 75,394
200-Day Moving Average 15.44
50-Day Moving Average 13.02
20-Day Moving Average 13.55
10-Day Moving Average 13.92
Average True Range 0.33
ADX 19.74
+DI 42.04
-DI 20.99
Chandelier Exit (Long, 3 ATRs ) 13.86
Chandelier Exit (Short, 3 ATRs ) 13.52
Upper Bollinger Band 14.71
Lower Bollinger Band 12.39
Percent B (%b) 0.96
BandWidth 17.13
MACD Line 0.39
MACD Signal Line 0.24
MACD Histogram 0.1528
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 15.12
Resistance 3 (R3) 15.10 14.93 15.03
Resistance 2 (R2) 14.93 14.80 14.93 15.00
Resistance 1 (R1) 14.77 14.72 14.69 14.79 14.98
Pivot Point 14.60 14.60 14.55 14.60 14.60
Support 1 (S1) 14.44 14.47 14.36 14.46 14.26
Support 2 (S2) 14.27 14.39 14.27 14.24
Support 3 (S3) 14.11 14.27 14.21
Support 4 (S4) 14.13