Mutual Trend Analysis Report
Prepared for you on Sunday, May 9, 2021.
RIVERNORTH/OAKTREE HIGH INCOME FD CL R (NASDAQ:RNOTX)
Countertrend Up (+85) - RNOTX is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid RNOTX?
MarketClub looks at technical strength and momentum to determine if the timing is right for RNOTX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for RNOTX
The long-term trend has been UP since Jul 23rd, 2020 at 9.05
The intermediate-term trend has been UP since Apr 5th, 2021 at 9.46
The short-term trend has been DOWN since Apr 29th, 2021 at 9.51
Smart Scan Analysis for RNOTX
Based on our trend formula, RNOTX is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||9.53||52wk High Date||2021-02-11|
|52wk Low||8.49||52wk Low Date||2020-05-14|
|Year End Close||9.45||Payment Date||2020-05-29|