Stock Trend Analysis Report
Prepared for you on Tuesday, March 28, 2023.
RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE:OPP)
Bear Market Rally (-75) - OPP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on OPP as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid OPP?
MarketClub looks at technical strength and momentum to determine if the timing is right for OPP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for OPP
The long-term trend has been DOWN since Sep 26th, 2022 at 9.63
The intermediate-term trend has been UP since Mar 22nd, 2023 at 8.71
The short-term trend has been DOWN since Mar 28th, 2023 at 8.45
Smart Scan Analysis for OPP
Based on our trend formula, OPP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Year High||18.59||Year High Date||2018-01-17|
|Year Low||14.3||Year Low Date||2018-11-29|
|52wk High||13.07||52wk High Date||2022-04-04|
|52wk Low||8.2||52wk Low Date||2023-03-16|
|Average Volume||173,386||Market Cap||192M|