Technical Analysis for RMM - RiverNorth Managed Duration Municipal Income Fund, Inc.

Grade Last Price % Change Price Change
C 14.70 0.29% 0.04
RMM closed up 0.29 percent on Wednesday, April 24, 2024, on 34 percent of normal volume. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
20 DMA Resistance Bearish 0.00%
Inside Day Range Contraction 0.00%
Oversold Stochastic Weakness 0.00%
20 DMA Resistance Bearish 0.29%
Stochastic Buy Signal Bullish 0.29%
Gapped Up Strength 0.29%
Oversold Stochastic Weakness 0.29%
180 Bearish Setup Bearish Swing Setup 0.60%
BB Squeeze Ended Range Expansion 0.60%
Oversold Stochastic Weakness 0.60%

   Recent Intraday Alerts

Alert Time
Possible Inside Day about 12 hours ago
60 Minute Opening Range Breakout about 12 hours ago
10 DMA Support about 14 hours ago
60 Minute Opening Range Breakdown about 15 hours ago
20 DMA Resistance about 15 hours ago

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Profile

Rivernorth Managed Duration Municipal Income Fund Inc. is a closed ended fixed income mutual fund launched and managed by RiverNorth Capital Management, LLC. The fund is co-managed by MacKay Shields LLC. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade municipal debt securities. It seeks to invest in securities of any maturity. The fund employs a combination of fundamental and quantitative analysis. It benchmarks the performance of its portfolio against the Bloomberg Barclays Municipal Bond Index. The fund employs proprietary research to create its portfolio. Rivernorth Managed Duration Municipal Income Fund Inc. was formed on July 26, 2019 and is domiciled in the United States.
Classification

Keywords: Bond Mutual Fund Debt Securities Bond Fund Hedge Funds

Is RMM 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 15.203
52 Week Low 11.8688
Average Volume 51,834
200-Day Moving Average 14.21
50-Day Moving Average 14.89
20-Day Moving Average 14.75
10-Day Moving Average 14.69
Average True Range 0.14
RSI (14) 45.65
ADX 11.69
+DI 16.58
-DI 19.52
Chandelier Exit (Long, 3 ATRs) 14.61
Chandelier Exit (Short, 3 ATRs) 15.02
Upper Bollinger Bands 14.93
Lower Bollinger Band 14.56
Percent B (%b) 0.36
BandWidth 2.49
MACD Line -0.06
MACD Signal Line -0.06
MACD Histogram -0.0067
Fundamentals Value
Market Cap 290.11 Million
Num Shares 19.7 Million
EPS -0.88
Price-to-Earnings (P/E) Ratio -16.75
Price-to-Sales 0.00
Price-to-Book 0.00
Dividend 1.10
Dividend Yield 7.48%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 14.83
Resistance 3 (R3) 14.84 14.80 14.81
Resistance 2 (R2) 14.80 14.76 14.79 14.80
Resistance 1 (R1) 14.75 14.74 14.77 14.74 14.79
Pivot Point 14.71 14.71 14.72 14.70 14.71
Support 1 (S1) 14.66 14.67 14.68 14.65 14.60
Support 2 (S2) 14.62 14.65 14.62 14.59
Support 3 (S3) 14.57 14.62 14.59
Support 4 (S4) 14.56