RMI RiverNorth Opportunistic Municipal Income Fund Forecast, Technical & Fundamental Analysis
RiverNorth Opportunistic Municipal Income Fund, Inc... Show more
RMI in upward trend: price rose above 50-day moving average on July 02, 2025
RMI moved above its 50-day moving average on July 02, 2025 date and that indicates a change from a downward trend to an upward trend. In of 41 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 47 cases where RMI's Stochastic Oscillator exited the oversold zone 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 July 09, 2025. You may want to consider a long position or call options on RMI as a result. In of 79 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 RMI just turned positive on July 03, 2025. Looking at past instances where RMI's MACD turned positive, the stock continued to rise in of 47 cases over the following month. The odds of a continued upward trend are .
The 10-day moving average for RMI crossed bullishly above the 50-day moving average on July 11, 2025. This indicates that the trend has shifted higher and could be considered a buy signal. In of 16 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where RMI advanced for three days, in of 277 cases, the price rose further within the following month. The odds of a continued upward trend are .
RMI 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
Following a 3-day decline, the stock is projected to fall further. Considering past instances where RMI 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 RMI entered a downward trend on July 08, 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.
Advertisement
General Information
Category Unknown
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| VLCRX | 6.73 | -0.02 | -0.30% |
| Voya Large Cap Value Port R6 | |||
| TVSVX | 19.16 | -0.07 | -0.36% |
| Third Avenue Small Cap Value Investor | |||
| HCAYX | 57.03 | -0.23 | -0.40% |
| Hartford Capital Appreciation Y | |||
| GEMQX | 13.26 | -0.06 | -0.45% |
| Goldman Sachs Emerging Mkts Eq ex. Chn R | |||
| TAAEX | 41.82 | -0.48 | -1.13% |
| Transamerica Capital Growth R | |||
RMI and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, RMI has been loosely correlated with NEA. These tickers have moved in lockstep 56% of the time. This A.I.-generated data suggests there is some statistical probability that if RMI jumps, then NEA could also see price increases.