RMMZ stock forecast, quote, news & analysis
RiverNorth Managed Duration Municipal Income Fund II Inc is a diversified, closed-end management investment company... Show more
RMMZ's RSI Oscillator ascending out of oversold territory
The RSI Oscillator for RMMZ moved out of oversold territory on April 23, 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 17 similar instances when the indicator left oversold territory. In of the 17 cases the stock moved higher. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on April 24, 2025. You may want to consider a long position or call options on RMMZ as a result. In of 55 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 RMMZ just turned positive on April 24, 2025. Looking at past instances where RMMZ's MACD turned positive, the stock continued to rise in of 29 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 RMMZ advanced for three days, in of 169 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.
The 50-day moving average for RMMZ moved below the 200-day moving average on April 15, 2025. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where RMMZ 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 RMMZ entered a downward trend on April 22, 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.