Technical Analysis for RMI - RiverNorth Opportunistic Municipal Income Fund, Inc.

Grade Last Price % Change Price Change
grade B 22.31 -0.40% -0.09
RMI closed down 0.4 percent on Tuesday, October 15, 2019, on 82 percent of normal volume. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Weak or Absent Up Flat Flat
See historical RMI trend table...

Date Alert Name Type % Chg
Shooting Star Candlestick Bearish 0.00%
Doji - Bearish? Reversal 0.00%
50 DMA Support Bullish -0.40%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup -0.40%
Outside Day Range Expansion -0.40%
50 DMA Support Bullish 0.04%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 0.04%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup -0.18%
Narrow Range Bar Range Contraction -0.18%
Crossed Above 50 DMA Bullish -0.40%

Older signals for RMI ...

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Profile
The Fund will seek to achieve its investment objectives by investing, directly or indirectly, at least 80% of its Managed Assets in municipal bonds, the interest on which is, in the opinion of bond counsel to the issuers, generally excludable from gross income for regular U.S. federal income tax purposes, except that the interest may be includable in taxable income for purposes of the Federal alternative minimum tax. In order to qualify to pay exempt-interest dividends, which are items of interest excludable from gross income for federal income tax purposes, the Fund will seek to invest at least 50% of its Managed Assets directly in such Municipal Bonds.
Bond Municipal Bond Local Government In The United States Government Tax Income Tax Taxation In Australia
Is RMI a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 2 bullish, 0 bearish and 3 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 23.2882
52 Week Low 18.84
Average Volume 19,769
200-Day Moving Average 21.2891
50-Day Moving Average 22.302
20-Day Moving Average 22.1895
10-Day Moving Average 22.384
Average True Range 0.2244
ADX 17.61
+DI 20.6122
-DI 18.4239
Chandelier Exit (Long, 3 ATRs ) 21.9568
Chandelier Exit (Short, 3 ATRs ) 22.1632
Upper Bollinger Band 22.7893
Lower Bollinger Band 21.5897
Percent B (%b) 0.6
BandWidth 5.406161
MACD Line 0.047
MACD Signal Line 0.0362
MACD Histogram 0.0108
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 22.57
Resistance 3 (R3) 22.59 22.54 22.52
Resistance 2 (R2) 22.54 22.47 22.52 22.51
Resistance 1 (R1) 22.42 22.43 22.40 22.40 22.49
Pivot Point 22.37 22.37 22.35 22.35 22.37
Support 1 (S1) 22.25 22.30 22.23 22.23 22.13
Support 2 (S2) 22.20 22.26 22.18 22.11
Support 3 (S3) 22.08 22.20 22.10
Support 4 (S4) 22.06