Weaker Buy Today OPP ranks #1342 as BUY CANDIDATE. Stronger Buy
Today OPP ranks #1342 as BUY CANDIDATE.

OPP stock RiverNorth/DoubleLine Strategic Opportunity Fund Inc

OPP stock
RiverNorth/DoubleLine Strategic Opportunity Fund Inc

April 24, 2019
Change -0.42%
Chart period: 2019-01-25 - 2019-04-24
VOLUME
Buy
TREND
Hold

MV LONG
Buy

MV SHORT
Sell

PIVOT
Sell

MACD
Buy

Will OPP stock price go up or down on Fri, 26 Apr 2019?

RiverNorth/DoubleLine Strategic Opportunity Fund Inc Forecast and Stock Analysis

Technical OPP stock analysis for April 24, 2019.

Buy candidate since 2019-04-23 Loss -0.42%
Shorts n/a
Cash n/a
Loans n/a
Beta 0.11
ROA n/a

RiverNorth/DoubleLine Strategic Opportunity Fund Inc fell by -0.42% in the last day from $16.78 to $16.71 The price has fallen in 6 of the last 10 days and is down by -1.42% for this period. Volume has increased in the last day by 36 745 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 88 492 shares bought and sold for approximately $1.48 million.

Close price at the end of the last trading day (Wednesday, 24th Apr 2019) of the OPP stock was $16.71. This is 0.42% less than the trading day before Tuesday, 23rd Apr 2019.

During day the stock fluctuated 1.06% from a day low at $16.70 to a day high of $16.88.

30 day high of the OPP stock price was $17.10 and low was $16.27.
90 day high was $17.10 and low was $16.27.
52 week high for the RiverNorth/DoubleLine Strategic Opportunity Fund Inc - $17.97 and low - $14.30.

Trend

Given the current horizontal trend you can expect RiverNorth/DoubleLine Strategic Opportunity Fund Inc with 90% probability to be traded between $16.42 and $17.09 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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Signals

There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Monday April 15, 2019, which indicates further falls until a new bottom pivot has been found. RiverNorth/DoubleLine Strategic Opportunity Fund Inc gained volume on the last day, but on falling prices. In technical terms this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-off's". RiverNorth/DoubleLine Strategic Opportunity Fund Inc holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $16.83. On a fall, the stock will find some support from the long-term average at approximately $16.70. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal.

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Relative Strength Index (RSI)

RSI14 is 43 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

RiverNorth/DoubleLine Strategic Opportunity Fund Inc finds support from accumulated volume at $16.65.

Support: $16.65 Price: $16.71 Resistance: $16.80

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.18 (1.06%) between high and low. For the last week, the stock has had a daily average volatility of 1.13%.

Our recommended stoploss: $16.07 (-3.85%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 6 days ago.)

Overall risk:

Very Low Low Medium High Very High

Weaker Buy Today OPP ranks #1342 as BUY CANDIDATE. Stronger Buy
Today OPP ranks #1342 as BUY CANDIDATE.