RMM RiverNorth Managed Duration Municipal Income Fund Forecast, Technical & Fundamental Analysis
RiverNorth Managed Duration Muni Inc Fd is a United States based diversified, closed-end management investment company... Show more
RMM's MACD Histogram crosses above signal line
The Moving Average Convergence Divergence (MACD) for RMM turned positive on April 23, 2025. Looking at past instances where RMM's MACD turned positive, the stock continued to rise in of 44 cases over 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 RMM's RSI Oscillator exited the oversold zone, of 30 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 51 cases where RMM'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 April 23, 2025. You may want to consider a long position or call options on RMM as a result. In of 76 past instances where the momentum indicator moved above 0, the stock continued to climb. 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 RMM advanced for three days, in of 313 cases, the price rose further within the following month. The odds of a continued upward trend are .
RMM 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 RMM 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 RMM entered a downward trend on April 16, 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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RMM and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, RMM 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 RMM jumps, then NEA could also see price increases.