Crucial Facts On RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. ($OPP) (Just Released) (2019-10-15)

REPORTING FOR 2019-10-15 | LOGISTICS-BUSINESS-REVIEW.COM: We have done an in-depth analysis of how OPP has been trading over the last 2 weeks and the past day especially. On its latest session, RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. ($OPP) opened at 17.76, reaching a high of 17.82 and a low of 17.6104 before closing at a price of 17.8. There was a total volume of 56321.

VOLUME INDICATORS FOR RIVERNORTH/DOUBLELINE STRATEGIC OPPORTUNITY FUND, INC. ($OPP): We saw an accumulation-distribution index of 145.306, an on-balance volume of -17.7, chaikin money flow of 5.98667 and a force index of 0.00347. There was an ease of movement rating of 0.00081, a volume-price trend of 0.31417 and a negative volume index of 1000.0.

VOLATILITY INDICATORS FOR RIVERNORTH/DOUBLELINE STRATEGIC OPPORTUNITY FUND, INC. ($OPP): We noted an average true range of 0.12992, bolinger bands of 17.69944, an upper bollinger band of 17.42396, lower bollinger band of 17.6104, a bollinger high band indicator of nan, bollinger low band indicator of 1.0, a central keltner channel of 17.73013, high band keltner channel of 17.67013, low band keltner channel of 17.79013, a high band keltner channel indicator of 1.0 and a low band keltner channel indicator of 1.0. There was a donchian channel high band of 17.6104, a donchian channel low band of 17.6104, a donchian channel high band indicator of 1.0, and a donchian channel low band indicator of 1.0.

TREND INDICATORS FOR RIVERNORTH/DOUBLELINE STRATEGIC OPPORTUNITY FUND, INC. ($OPP): We calculated a Moving Average Convergence Divergence (MACD) of -0.00219, a MACD signal of -0.00121, a MACD difference of -0.00097, a fast Exponential Moving Average (EMA) indicator of 17.6104, a slow Exponential Moving Average (EMA) indicator of 17.6104, an Average Directional Movement Index (ADX) of unknown, an ADX positive of 20.0, an ADX negative of 20.0, a positive Vortex Indicator (VI) of 1.0, a negative VI of 1.0, a trend vortex difference of 0.0973, a trix of 1.18706, a Mass Index (MI) of 1.0, a Commodity Channel Index (CCI) of -66.66667, a Detrended Price Oscillator (DPO) of -0.30851, a KST Oscillator (KST) of 17.83082 and a KST Oscillator (KST Signal) of 17.83082 (leaving a KST difference of -1.40736). We also found an Ichimoku rating of 17.79, an Ichimoku B rating of 17.79, a Ichimoku visual trend A of 17.50395, an Ichimoku visual trend B of 17.53931, an Aroon Indicator (AI) up of 4.0 and an AI indicator down of 4.0. That left a difference of -4.0.

MOMENTUM INDICATORS FOR RIVERNORTH/DOUBLELINE STRATEGIC OPPORTUNITY FUND, INC. ($OPP): We found a Relative Strength Index (RSI) of 50.0, a Money Flow Index (MFI) of 100.0, a True Strength Index (TSI) of 100.0, an ultimate oscillator of 67.34387, a stochastic oscillator of 349.33333, a stochastic oscillator signal of 349.33333, a Williams %R rating of 249.33333 and an awesome oscillator of -0.0128.

RETURNS FOR RIVERNORTH/DOUBLELINE STRATEGIC OPPORTUNITY FUND, INC. ($OPP): There was a daily return of 1.78308, a daily log return of -0.55462 and a cumulative return of -0.55308.

What the heck does all of this mean? If you are new to technical analysis, the above may be gibberish to you, and that’s OK (though we do advise learning these things). The bottom line is that AS OF 2019-10-15 (if you are reading this later, the analysis will be out of date), here is what our deep analysis of technical indicators are telling us for RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. ($OPP)…

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. ($OPP) based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.

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