RFM RiverNorth Flexible Municipal Income Fund Forecast, Technical & Fundamental Analysis
RiverNorth Flexible Municipal Income Fund Inc is a diversified, closed-end management investment company... Show more
RFM in +1.38% Uptrend, advancing for three consecutive days on April 25, 2025
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where RFM advanced for three days, in of 285 cases, the price rose further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where RFM's RSI Oscillator exited the oversold zone, of 37 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on April 23, 2025. You may want to consider a long position or call options on RFM as a result. In of 71 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for RFM just turned positive on April 23, 2025. Looking at past instances where RFM's MACD turned positive, the stock continued to rise in of 52 cases over the following month. The odds of a continued upward trend are .
RFM may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where RFM declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for RFM entered a downward trend on April 11, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
General Information
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RFM and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, RFM has been loosely correlated with NEA. These tickers have moved in lockstep 62% of the time. This A.I.-generated data suggests there is some statistical probability that if RFM jumps, then NEA could also see price increases.