RiverNorth Managed Duration Municipal Income (RMM) Technical Analysis: Signals, Charts & Indicators

2.69 / 10

Underperform

Technical analysis composite: 2.69/10, portraying challenging technical structure. Strengths manifested in MACD Golden Cross confront weaknesses evidenced by Marubozu White, MACD Death Cross, and Bearish Engulfing. Technical inference: cautious.

Analysis Checks(1/4)

MACD Death Cross

Score1/10

Win Rate27.27%

Hist. Signals11

Avg Return-0.75%

Bearish Engulfing

Score1/10

Win Rate25.00%

Hist. Signals8

Avg Return-0.15%

MACD Golden Cross

Score7.29/10

Win Rate70.00%

Hist. Signals10

Avg Return-0.09%

Marubozu White

Score1.45/10

Win Rate37.50%

Hist. Signals16

Avg Return-0.29%

Technical Analysis of RMM?

RMM presents a Underperform setup with a Technical Score of 2.69/10. Key technical indicators highlight an RSI of 40.44 and a MACD of -0.04, with the trend anchored by the 50-Day SMA at 14.15. Traders should monitor key support at 13.48 and resistance at 13.73.