RMI Stock RiverNorth Opportunistic Municipal Income Fund (RMI, $14.07) entered Uptrend as Momentum indicator ascends above 0 level on Apr 23, 2025

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RMI - RiverNorth Opportunistic Municipal Income Fund

Momentum signal

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Odds of UP Trend

Price: $14.07

Daily change: +$0.11 (+0.79%)

Daily volume: 16.9K

Net Assets: $98.2M

RMI's RSI Indicator recovers from oversold territory

The RSI Indicator for RMI moved out of oversold territory on April 22, 2025. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 33 similar instances when the indicator left oversold territory. In of the 33 cases the stock moved higher. This puts the odds of a move higher at .

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for RMI just turned positive on April 23, 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 .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where RMI advanced for three days, in of 282 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 241 cases where RMI Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 51 cases where RMI's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

The Momentum Indicator moved below the 0 level on May 19, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on RMI as a result. In of 83 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

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 .

RMI broke above its upper Bollinger Band on April 25, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.