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

Grade Last Price % Change Price Change
grade B 20.6 0.64% 0.13
RMI closed up 0.64 percent on Friday, May 29, 2020, on approximately normal volume.

Trend Table & Recent Signals

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

Date Alert Name Type % Chg
MACD Bullish Signal Line Cross Bullish 0.00%
Up 3 Days in a Row Strength 0.00%
Up 4 Days in a Row Strength 0.00%
Up 3 Days in a Row Strength 0.64%
Crossed Above 20 DMA Bullish 1.53%
Narrow Range Bar Range Contraction 1.53%
Inside Day Range Contraction 1.53%
20 DMA Resistance Bearish 2.39%
Gapped Up Strength 2.39%
Narrow Range Bar Range Contraction 3.52%

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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.
Exchange Traded Fund ETF 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

Indicators

Indicator Value
52 Week High 24.17
52 Week Low 15.25
Average Volume 26,572
200-Day Moving Average 21.64
50-Day Moving Average 19.77
20-Day Moving Average 20.26
10-Day Moving Average 20.18
Average True Range 0.42
ADX 13.76
+DI 24.02
-DI 18.86
Chandelier Exit (Long, 3 ATRs ) 19.75
Chandelier Exit (Short, 3 ATRs ) 20.75
Upper Bollinger Band 20.88
Lower Bollinger Band 19.64
Percent B (%b) 0.77
BandWidth 6.16
MACD Line 0.07
MACD Signal Line 0.05
MACD Histogram 0.0207
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 20.99
Resistance 3 (R3) 20.98 20.85 20.93
Resistance 2 (R2) 20.85 20.75 20.85 20.90
Resistance 1 (R1) 20.72 20.69 20.79 20.73 20.88
Pivot Point 20.59 20.59 20.62 20.59 20.59
Support 1 (S1) 20.46 20.49 20.53 20.47 20.32
Support 2 (S2) 20.33 20.43 20.33 20.30
Support 3 (S3) 20.20 20.33 20.28
Support 4 (S4) 20.21