OPP Forecast and Technical Stock Analysis

Buy candidate since 2019-07-10

RiverNorth/DoubleLine Strategic Opportunity Fund Inc gained 0.52% in the last trading day ( Thursday, 18th Jul 2019 ), rising from $17.45 to $17.54 During day the stock fluctuated 0.74% from a day low at $17.42 to a day high of $17.55. The price has fallen in 6 of the last 10 days , but is still up by 0.86% over the past 2 weeks. Volume fell in the last day by -7 636 shares, and in total, 28 337 shares bought and sold for approximately $497 031.00. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Quick summary:

  • 30 day high of the OPP stock price was $17.68 and low was $16.54.
  • 90 day high was $17.68 and low was $16.54.
  • 52 week high for the RiverNorth/DoubleLine Strategic Opportunity Fund Inc - $17.68 and low - $14.30.
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RiverNorth/DoubleLine Strategic Opportunity Fund Inc lies in the middle of a narrow and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.07% during the next 3 months and, with 90% probability hold a price between $17.91 and $18.35 at the end of this period.

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RiverNorth/DoubleLine Strategic Opportunity Fund Inc holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $17.52 and $17.24. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Monday July 15, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 72 and the stock is currently not being overbought or oversold

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.

Support & Resistance

RiverNorth/DoubleLine Strategic Opportunity Fund Inc finds support from accumulated volume at $17.32.

Support: $17.32 Price: $17.54 Resistance: $17.55


In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.

Our recommended stoploss: $16.96 (-3.30%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 3 days ago.)

0.89 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Buy Candidate Downgraded


Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term.

Will OPP stock price go up or down on Mon, 22 Jul 2019?

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