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Mutual Trend Analysis Report
Prepared for you on Wednesday, June 7, 2023.
RIVERNORTH MANAGED DURATION MUNICIPAL INCOME FUND INC. (NASDAQ:XRMMX)
Bull Market Weakness (+75) - XRMMX is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on XRMMX as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid XRMMX?
MarketClub looks at technical strength and momentum to determine if the timing is right for XRMMX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for XRMMX
The long-term trend has been DOWN since Mar 13th, 2023 at 16.14
The intermediate-term trend has been UP since Jun 5th, 2023 at 15.98
The short-term trend has been UP since May 26th, 2023 at 15.69
Smart Scan Analysis for XRMMX
Based on our trend formula, XRMMX is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 15.96 | 15.96 | 15.96 | 16.04 | +0.04 |
| Prev. Close | Volume | Bid | Ask | Time |
| 15.96 | 0 | 16.00 | 2023-06-05 20:00:00 |
| 52wk High | 17.56 | 52wk High Date | 2022-06-06 |
| 52wk Low | 14.78 | 52wk Low Date | 2022-10-27 |
| Year End Close | 16.26 | Payment Date | 2022-01-31 |