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RiverNorth Managed Duration Municipal Income Fund Inc
Buy, Hold or Sell?

Let's analyse Rivernorth together

PenkeI guess you are interested in RiverNorth Managed Duration Municipal Income Fund Inc. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of RiverNorth Managed Duration Municipal Income Fund Inc. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Rivernorth (30 sec.)










What can you expect buying and holding a share of Rivernorth? (30 sec.)

How much money do you get?

How much money do you get?
$4.42
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
$16.28
Expected worth in 1 year
$15.81
How sure are you?
75.0%

+ What do you gain per year?

Total Gains per Share
$3.95
Return On Investment
26.4%

For what price can you sell your share?

Current Price per Share
$14.97
Expected price per share
$14.81 - $15.47
How sure are you?
50%

1. Valuation of Rivernorth (5 min.)




Live pricePrice per Share (EOD)

$14.97

Intrinsic Value Per Share

$36.58 - $43.84

Total Value Per Share

$52.86 - $60.12

2. Growth of Rivernorth (5 min.)




Is Rivernorth growing?

Current yearPrevious yearGrowGrow %
How rich?$321.2m$324m-$2.7m-0.9%

How much money is Rivernorth making?

Current yearPrevious yearGrowGrow %
Making money$19m-$60.8m$79.9m419.9%
Net Profit Margin99.6%100.1%--

How much money comes from the company's main activities?

3. Financial Health of Rivernorth (5 min.)




4. Comparing to competitors in the Asset Management industry (5 min.)




  Industry Rankings (Asset Management)  


Richest
#321 / 763

Most Revenue
#306 / 763

Most Profit
#217 / 763

Most Efficient
#186 / 763

What can you expect buying and holding a share of Rivernorth? (5 min.)

Welcome investor! Rivernorth's management wants to use your money to grow the business. In return you get a share of Rivernorth.

What can you expect buying and holding a share of Rivernorth?

First you should know what it really means to hold a share of Rivernorth. And how you can make/lose money.

Speculation

The Price per Share of Rivernorth is $14.97. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Rivernorth.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Rivernorth, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is $16.28. Based on the TTM, the Book Value Change Per Share is $-0.12 per quarter. Based on the YOY, the Book Value Change Per Share is $-4.19 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is $1.10 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Rivernorth.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 $% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share
Usd Eps0.966.4%0.966.4%-3.08-20.6%0.130.8%0.130.8%
Usd Book Value Change Per Share-0.12-0.8%-0.12-0.8%-4.19-28.0%4.0727.2%4.0727.2%
Usd Dividend Per Share1.107.4%1.107.4%1.117.4%1.067.1%1.067.1%
Usd Total Gains Per Share0.996.6%0.996.6%-3.09-20.6%5.1334.2%5.1334.2%
Usd Price Per Share14.40-14.40-20.15-17.92-17.92-
Price to Earnings Ratio14.94-14.94--6.54--2.14--2.14-
Price-to-Total Gains Ratio14.58-14.58--6.53-3.55-3.55-
Price to Book Ratio0.88-0.88-1.23-1.01-1.01-
Price-to-Total Gains Ratio14.58-14.58--6.53-3.55-3.55-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share14.97
Number of shares66
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share1.101.06
Usd Book Value Change Per Share-0.124.07
Usd Total Gains Per Share0.995.13
Gains per Quarter (66 shares)65.18338.29
Gains per Year (66 shares)260.711,353.18
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1291-3125127910741343
2583-6151255821492696
3874-9277383732234049
41166-1231034111642975402
51457-1541295139553716755
61749-1841556167364468108
72040-2151817195275209461
82332-24620782231859410814
92623-27723392510966812167
102915-307260027891074313520

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.00.00.0100.0%2.01.00.066.7%2.02.00.050.0%2.02.00.050.0%2.02.00.050.0%
Book Value Change Per Share0.01.00.00.0%1.02.00.033.3%2.02.00.050.0%2.02.00.050.0%2.02.00.050.0%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%4.00.00.0100.0%4.00.00.0100.0%4.00.00.0100.0%
Total Gains per Share1.00.00.0100.0%2.01.00.066.7%3.01.00.075.0%3.01.00.075.0%3.01.00.075.0%

Fundamentals of Rivernorth

About RiverNorth Managed Duration Municipal Income Fund Inc

Rivernorth Managed Duration Municipal Income Fund Inc. is a closed ended fixed income mutual fund launched and managed by RiverNorth Capital Management, LLC. The fund is co-managed by MacKay Shields LLC. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade municipal debt securities. It seeks to invest in securities of any maturity. The fund employs a combination of fundamental and quantitative analysis. It benchmarks the performance of its portfolio against the Bloomberg Barclays Municipal Bond Index. The fund employs proprietary research to create its portfolio. Rivernorth Managed Duration Municipal Income Fund Inc. was formed on July 26, 2019 and is domiciled in the United States.

Fundamental data was last updated by Penke on 2024-03-14 08:25:04.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating very efficient.
The company is very efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just able to pay all its short-term debts.
The company is able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is cheap.
Based on the earnings, the company is underpriced.
Based on how much money comes from the company's main activities, the company is cheap.

1.1. Profitability of RiverNorth Managed Duration Municipal Income Fund Inc.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Rivernorth earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare Rivernorth to the Asset Management industry mean.
  • A Net Profit Margin of 99.6% means that $1.00 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of RiverNorth Managed Duration Municipal Income Fund Inc:

  • The MRQ is 99.6%. The company is making a huge profit. +2
  • The TTM is 99.6%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ99.6%TTM99.6%0.0%
TTM99.6%YOY100.1%-0.5%
TTM99.6%5Y51.4%+48.2%
5Y51.4%10Y51.4%0.0%
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
MRQ99.6%62.0%+37.6%
TTM99.6%63.5%+36.1%
YOY100.1%71.0%+29.1%
5Y51.4%62.9%-11.5%
10Y51.4%58.3%-6.9%
1.1.2. Return on Assets

Shows how efficient Rivernorth is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Rivernorth to the Asset Management industry mean.
  • 3.5% Return on Assets means that Rivernorth generated $0.03 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of RiverNorth Managed Duration Municipal Income Fund Inc:

  • The MRQ is 3.5%. Using its assets, the company is less efficient in making profit.
  • The TTM is 3.5%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ3.5%TTM3.5%0.0%
TTM3.5%YOY-10.6%+14.1%
TTM3.5%5Y0.2%+3.3%
5Y0.2%10Y0.2%0.0%
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
MRQ3.5%0.8%+2.7%
TTM3.5%0.9%+2.6%
YOY-10.6%1.0%-11.6%
5Y0.2%1.5%-1.3%
10Y0.2%2.1%-1.9%
1.1.3. Return on Equity

Shows how efficient Rivernorth is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Rivernorth to the Asset Management industry mean.
  • 5.9% Return on Equity means Rivernorth generated $0.06 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of RiverNorth Managed Duration Municipal Income Fund Inc:

  • The MRQ is 5.9%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 5.9%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ5.9%TTM5.9%0.0%
TTM5.9%YOY-18.8%+24.7%
TTM5.9%5Y-0.2%+6.1%
5Y-0.2%10Y-0.2%0.0%
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
MRQ5.9%1.7%+4.2%
TTM5.9%2.0%+3.9%
YOY-18.8%1.9%-20.7%
5Y-0.2%2.6%-2.8%
10Y-0.2%3.2%-3.4%

1.2. Operating Efficiency of RiverNorth Managed Duration Municipal Income Fund Inc.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Rivernorth is operating .

  • Measures how much profit Rivernorth makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Rivernorth to the Asset Management industry mean.
  • An Operating Margin of 99.6% means the company generated $1.00  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of RiverNorth Managed Duration Municipal Income Fund Inc:

  • The MRQ is 99.6%. The company is operating very efficient. +2
  • The TTM is 99.6%. The company is operating very efficient. +2
Trends
Current periodCompared to+/- 
MRQ99.6%TTM99.6%0.0%
TTM99.6%YOY96.7%+2.9%
TTM99.6%5Y83.3%+16.3%
5Y83.3%10Y83.3%0.0%
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
MRQ99.6%80.3%+19.3%
TTM99.6%62.8%+36.8%
YOY96.7%70.7%+26.0%
5Y83.3%55.7%+27.6%
10Y83.3%50.4%+32.9%
1.2.2. Operating Ratio

Measures how efficient Rivernorth is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Asset Management industry mean).
  • An Operation Ratio of 0.00 means that the operating costs are $0.00 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of RiverNorth Managed Duration Municipal Income Fund Inc:

  • The MRQ is 0.004. The company is very efficient in keeping operating costs low. +2
  • The TTM is 0.004. The company is very efficient in keeping operating costs low. +2
Trends
Current periodCompared to+/- 
MRQ0.004TTM0.0040.000
TTM0.004YOY-0.174+0.178
TTM0.0045Y0.158-0.154
5Y0.15810Y0.1580.000
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
MRQ0.0040.420-0.416
TTM0.0040.445-0.441
YOY-0.1740.335-0.509
5Y0.1580.430-0.272
10Y0.1580.483-0.325

1.3. Liquidity of RiverNorth Managed Duration Municipal Income Fund Inc.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Rivernorth is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Asset Management industry mean).
  • A Current Ratio of 1.50 means the company has $1.50 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of RiverNorth Managed Duration Municipal Income Fund Inc:

  • The MRQ is 1.496. The company is just able to pay all its short-term debts.
  • The TTM is 1.496. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.496TTM1.4960.000
TTM1.496YOY1.283+0.213
TTM1.4965Y2.487-0.991
5Y2.48710Y2.4870.000
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
MRQ1.4963.222-1.726
TTM1.4963.191-1.695
YOY1.2833.840-2.557
5Y2.4875.526-3.039
10Y2.4876.549-4.062
1.3.2. Quick Ratio

Measures if Rivernorth is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Rivernorth to the Asset Management industry mean.
  • A Quick Ratio of 1.50 means the company can pay off $1.50 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of RiverNorth Managed Duration Municipal Income Fund Inc:

  • The MRQ is 1.496. The company is able to pay all its short-term debts with the most liquid assets. +1
  • The TTM is 1.496. The company is able to pay all its short-term debts with the most liquid assets. +1
Trends
Current periodCompared to+/- 
MRQ1.496TTM1.4960.000
TTM1.496YOY1.283+0.213
TTM1.4965Y2.487-0.991
5Y2.48710Y2.4870.000
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
MRQ1.4963.184-1.688
TTM1.4963.532-2.036
YOY1.2834.139-2.856
5Y2.4876.715-4.228
10Y2.4876.060-3.573

1.4. Solvency of RiverNorth Managed Duration Municipal Income Fund Inc.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Rivernorth assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Rivernorth to Asset Management industry mean.
  • A Debt to Asset Ratio of 0.41 means that Rivernorth assets are financed with 41.0% credit (debt) and the remaining percentage (100% - 41.0%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of RiverNorth Managed Duration Municipal Income Fund Inc:

  • The MRQ is 0.410. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.410. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.410TTM0.4100.000
TTM0.410YOY0.437-0.027
TTM0.4105Y0.401+0.009
5Y0.40110Y0.4010.000
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4100.183+0.227
TTM0.4100.180+0.230
YOY0.4370.185+0.252
5Y0.4010.190+0.211
10Y0.4010.188+0.213
1.4.2. Debt to Equity Ratio

Measures if Rivernorth is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Rivernorth to the Asset Management industry mean.
  • A Debt to Equity ratio of 69.6% means that company has $0.70 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of RiverNorth Managed Duration Municipal Income Fund Inc:

  • The MRQ is 0.696. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.696. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.696TTM0.6960.000
TTM0.696YOY0.776-0.080
TTM0.6965Y0.674+0.022
5Y0.67410Y0.6740.000
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
MRQ0.6960.210+0.486
TTM0.6960.220+0.476
YOY0.7760.227+0.549
5Y0.6740.250+0.424
10Y0.6740.260+0.414

2. Market Valuation of RiverNorth Managed Duration Municipal Income Fund Inc

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Rivernorth generates.

  • Above 15 is considered overpriced but always compare Rivernorth to the Asset Management industry mean.
  • A PE ratio of 14.94 means the investor is paying $14.94 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of RiverNorth Managed Duration Municipal Income Fund Inc:

  • The EOD is 15.529. Based on the earnings, the company is fair priced.
  • The MRQ is 14.937. Based on the earnings, the company is underpriced. +1
  • The TTM is 14.937. Based on the earnings, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD15.529MRQ14.937+0.591
MRQ14.937TTM14.9370.000
TTM14.937YOY-6.542+21.479
TTM14.9375Y-2.140+17.077
5Y-2.14010Y-2.1400.000
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
EOD15.5295.619+9.910
MRQ14.9375.505+9.432
TTM14.9375.667+9.270
YOY-6.5423.801-10.343
5Y-2.1405.342-7.482
10Y-2.1407.598-9.738
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of RiverNorth Managed Duration Municipal Income Fund Inc:

  • The EOD is 7.838. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 7.540. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 7.540. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD7.838MRQ7.540+0.298
MRQ7.540TTM7.5400.000
TTM7.540YOY178.610-171.070
TTM7.5405Y48.570-41.030
5Y48.57010Y48.5700.000
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
EOD7.8384.635+3.203
MRQ7.5404.286+3.254
TTM7.5403.311+4.229
YOY178.6102.052+176.558
5Y48.5702.207+46.363
10Y48.5702.479+46.091
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Rivernorth is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Asset Management industry mean).
  • A PB ratio of 0.88 means the investor is paying $0.88 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of RiverNorth Managed Duration Municipal Income Fund Inc:

  • The EOD is 0.920. Based on the equity, the company is cheap. +2
  • The MRQ is 0.885. Based on the equity, the company is cheap. +2
  • The TTM is 0.885. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD0.920MRQ0.885+0.035
MRQ0.885TTM0.8850.000
TTM0.885YOY1.229-0.344
TTM0.8855Y1.010-0.126
5Y1.01010Y1.0100.000
Compared to industry (Asset Management)
PeriodCompanyIndustry (mean)+/- 
EOD0.9200.927-0.007
MRQ0.8850.911-0.026
TTM0.8850.910-0.025
YOY1.2290.983+0.246
5Y1.0101.008+0.002
10Y1.0101.157-0.147
2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of RiverNorth Managed Duration Municipal Income Fund Inc.

4. Summary

4.1. Key Performance Indicators

The key performance indicators of RiverNorth Managed Duration Municipal Income Fund Inc compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share---0.116-0.1160%-4.194+3501%4.069-103%4.069-103%
Book Value Per Share--16.27716.2770%16.393-1%17.866-9%17.866-9%
Current Ratio--1.4961.4960%1.283+17%2.487-40%2.487-40%
Debt To Asset Ratio--0.4100.4100%0.437-6%0.401+2%0.401+2%
Debt To Equity Ratio--0.6960.6960%0.776-10%0.674+3%0.674+3%
Dividend Per Share--1.1041.1040%1.1060%1.056+4%1.056+4%
Eps--0.9640.9640%-3.080+419%0.127+661%0.127+661%
Free Cash Flow Per Share--1.9101.9100%0.113+1593%-6.646+448%-6.646+448%
Free Cash Flow To Equity Per Share---0.031-0.0310%0.029-205%0.063-149%0.063-149%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--43.838--------
Intrinsic Value_10Y_min--36.581--------
Intrinsic Value_1Y_max--2.012--------
Intrinsic Value_1Y_min--1.955--------
Intrinsic Value_3Y_max--7.859--------
Intrinsic Value_3Y_min--7.390--------
Intrinsic Value_5Y_max--15.894--------
Intrinsic Value_5Y_min--14.446--------
Market Cap295501812.000+4%284250643.200284250643.2000%398323729.050-29%354018054.263-20%354018054.263-20%
Net Profit Margin--0.9960.9960%1.0010%0.514+94%0.514+94%
Operating Margin--0.9960.9960%0.967+3%0.833+20%0.833+20%
Operating Ratio--0.0040.0040%-0.174+4474%0.158-97%0.158-97%
Pb Ratio0.920+4%0.8850.8850%1.229-28%1.010-12%1.010-12%
Pe Ratio15.529+4%14.93714.9370%-6.542+144%-2.140+114%-2.140+114%
Price Per Share14.970+4%14.40014.4000%20.150-29%17.923-20%17.923-20%
Price To Free Cash Flow Ratio7.838+4%7.5407.5400%178.610-96%48.570-84%48.570-84%
Price To Total Gains Ratio15.159+4%14.58214.5820%-6.525+145%3.545+311%3.545+311%
Quick Ratio--1.4961.4960%1.283+17%2.487-40%2.487-40%
Return On Assets--0.0350.0350%-0.106+403%0.002+1530%0.002+1530%
Return On Equity--0.0590.0590%-0.188+417%-0.002+103%-0.002+103%
Total Gains Per Share--0.9880.9880%-3.088+413%5.126-81%5.126-81%
Usd Book Value--321298300.000321298300.0000%324061224.000-1%352883810.000-9%352883810.000-9%
Usd Book Value Change Per Share---0.116-0.1160%-4.194+3501%4.069-103%4.069-103%
Usd Book Value Per Share--16.27716.2770%16.393-1%17.866-9%17.866-9%
Usd Dividend Per Share--1.1041.1040%1.1060%1.056+4%1.056+4%
Usd Eps--0.9640.9640%-3.080+419%0.127+661%0.127+661%
Usd Free Cash Flow--37700157.00037700157.0000%2230128.000+1590%-131187074.750+448%-131187074.750+448%
Usd Free Cash Flow Per Share--1.9101.9100%0.113+1593%-6.646+448%-6.646+448%
Usd Free Cash Flow To Equity Per Share---0.031-0.0310%0.029-205%0.063-149%0.063-149%
Usd Market Cap295501812.000+4%284250643.200284250643.2000%398323729.050-29%354018054.263-20%354018054.263-20%
Usd Price Per Share14.970+4%14.40014.4000%20.150-29%17.923-20%17.923-20%
Usd Profit--19029626.00019029626.0000%-60885215.000+420%2496156.500+662%2496156.500+662%
Usd Revenue--19105504.00019105504.0000%-60833916.000+418%11482011.750+66%11482011.750+66%
Usd Total Gains Per Share--0.9880.9880%-3.088+413%5.126-81%5.126-81%
 EOD+4 -4MRQTTM+0 -0YOY+22 -135Y+18 -1710Y+18 -17

4.2. Fundamental Score

Let's check the fundamental score of RiverNorth Managed Duration Municipal Income Fund Inc based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1515.529
Price to Book Ratio (EOD)Between0-10.920
Net Profit Margin (MRQ)Greater than00.996
Operating Margin (MRQ)Greater than00.996
Quick Ratio (MRQ)Greater than11.496
Current Ratio (MRQ)Greater than11.496
Debt to Asset Ratio (MRQ)Less than10.410
Debt to Equity Ratio (MRQ)Less than10.696
Return on Equity (MRQ)Greater than0.150.059
Return on Assets (MRQ)Greater than0.050.035
Total7/10 (70.0%)

4.3. Technical Score

Let's check the technical score of RiverNorth Managed Duration Municipal Income Fund Inc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5045.702
Ma 20Greater thanMa 5015.113
Ma 50Greater thanMa 10014.985
Ma 100Greater thanMa 20014.514
OpenGreater thanClose14.930
Total3/5 (60.0%)



Latest Balance Sheet

Balance Sheet of 2022-12-31. Currency in USD. All numbers in thousands.

Summary
Total Assets544,840
Total Liabilities223,542
Total Stockholder Equity321,298
 As reported
Total Liabilities 223,542
Total Stockholder Equity+ 321,298
Total Assets = 544,840

Assets

Total Assets544,840
Total Current Assets6,127
Long-term Assets533,565
Total Current Assets
Net Receivables 6,127
Total Current Assets  (as reported)6,127
Total Current Assets  (calculated)6,127
+/-0
Long-term Assets
Long Term Investments 533,565
Other Assets 5,148
Long-term Assets  (as reported)533,565
Long-term Assets  (calculated)538,713
+/- 5,148

Liabilities & Shareholders' Equity

Total Current Liabilities4,095
Long-term Liabilities218,275
Total Stockholder Equity321,298
Total Current Liabilities
Accounts payable 4,095
Other Current Liabilities -4,095
Total Current Liabilities  (as reported)4,095
Total Current Liabilities  (calculated)0
+/- 4,095
Long-term Liabilities
Long-term Liabilities  (as reported)218,275
Long-term Liabilities  (calculated)0
+/- 218,275
Total Stockholder Equity
Common Stock357,217
Retained Earnings -35,919
Total Stockholder Equity (as reported)321,298
Total Stockholder Equity (calculated)321,298
+/-0
Other
Capital Stock357,217
Common Stock Shares Outstanding 19,740
Liabilities and Stockholders Equity 544,840
Net Debt 218,275
Net Invested Capital 539,573
Net Working Capital 2,032
Short Long Term Debt Total 218,275



Balance Sheet

Currency in USD. All numbers in thousands.

 Trend2022-12-312021-12-312020-12-312019-12-31
> Total Assets 
595,524
637,259
575,472
544,840
544,840575,472637,259595,524
   > Total Current Assets 
4,886
3,569
16,259
6,127
6,12716,2593,5694,886
       Cash And Cash Equivalents 
273
186
0
0
00186273
       Net Receivables 
4,614
3,383
16,259
6,127
6,12716,2593,3834,614
   > Long-term Assets 
584,302
628,805
553,525
533,565
533,565553,525628,805584,302
       Long Term Investments 
584,302
628,805
553,525
533,565
533,565553,525628,805584,302
       Other Assets 
6,335
4,885
5,688
5,148
5,1485,6884,8856,335
> Total Liabilities 
236,156
230,451
251,411
223,542
223,542251,411230,451236,156
   > Total Current Liabilities 
706
14,155
12,671
4,095
4,09512,67114,155706
       Short-term Debt 
0
10,000
10,000
0
010,00010,0000
       Accounts payable 
706
14,155
12,671
4,095
4,09512,67114,155706
   > Long-term Liabilities 
234,742
214,782
12,671
218,275
218,27512,671214,782234,742
       Long term Debt Total 
234,742
204,782
223,480
0
0223,480204,782234,742
> Total Stockholder Equity
359,368
406,808
324,061
321,298
321,298324,061406,808359,368
   Retained Earnings 
-23,937
35,954
-47,946
-35,919
-35,919-47,94635,954-23,937
   Accumulated Other Comprehensive Income 0000
   Capital Surplus 
383,305
370,853
372,007
0
0372,007370,853383,305
   Treasury Stock0000



Balance Sheet

Currency in USD. All numbers in thousands.




Cash Flow

Currency in USD. All numbers in thousands.




Income Statement

Currency in USD. All numbers in thousands.


Latest Income Statement (annual, 2022-12-31)

Gross Profit (+$)
totalRevenue19,106
Cost of Revenue-0
Gross Profit19,10619,106
 
Operating Income (+$)
Gross Profit19,106
Operating Expense-76
Operating Income19,03019,030
 
Operating Expense (+$)
Research Development0
Selling General Administrative76
Selling And Marketing Expenses0
Operating Expense7676
 
Net Interest Income (+$)
Interest Income15,288
Interest Expense-7,344
Other Finance Cost-0
Net Interest Income7,944
 
Pretax Income (+$)
Operating Income19,030
Net Interest Income7,944
Other Non-Operating Income Expenses0
Income Before Tax (EBT)19,03019,030
EBIT - interestExpense = 11,686
19,030
26,373
Interest Expense7,344
Earnings Before Interest and Taxes (EBIT)19,03026,373
Earnings Before Interest and Taxes (EBITDA)19,030
 
After tax Income (+$)
Income Before Tax19,030
Tax Provision-0
Net Income From Continuing Ops19,03019,030
Net Income19,030
Net Income Applicable To Common Shares0
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses76
Total Other Income/Expenses Net0-7,944
 

Technical Analysis of Rivernorth
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Rivernorth. The general trend of Rivernorth is BULLISH with 57.1% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Rivernorth's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (57.1%) Bearish trend (-57.1%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of RiverNorth Managed Duration Municipal Income Fund Inc.

The long score for the Support & Resistance is 1/1.
The longshort score for the Support & Resistance is 1/(-1 +1).

  • Around support: The price is currently trading around a support level. This can be considered as a potential entry level. +1

The bullish price targets are: 15.24 < 15.28 < 15.47.

The bearish price targets are: 14.91 > 14.90 > 14.81.

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RiverNorth Managed Duration Municipal Income Fund Inc Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of RiverNorth Managed Duration Municipal Income Fund Inc. The current mas is .

The long score for the Moving Averages is 11/14.
The longshort score for the Moving Averages is 8/(-14 +14).

  • MA 20 trending down: The MA 20 is trending down. -1
  • Close < MA 20: The price is below the MA 20. -1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close < MA 50: The price is below the MA 50. -1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

RiverNorth Managed Duration Municipal Income Fund Inc Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of RiverNorth Managed Duration Municipal Income Fund Inc. The current macd is -0.02456362.

The long score for the Moving Average Convergence/Divergence (MACD) is 0/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -4/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Rivernorth price going down in the near term. -2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Rivernorth. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Rivernorth price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
RiverNorth Managed Duration Municipal Income Fund Inc Daily Moving Average Convergence/Divergence (MACD) ChartRiverNorth Managed Duration Municipal Income Fund Inc Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of RiverNorth Managed Duration Municipal Income Fund Inc. The current adx is 14.57.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -1/(-7 +7).

  • PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Rivernorth shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.
RiverNorth Managed Duration Municipal Income Fund Inc Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of RiverNorth Managed Duration Municipal Income Fund Inc. The current sar is 15.18.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
RiverNorth Managed Duration Municipal Income Fund Inc Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of RiverNorth Managed Duration Municipal Income Fund Inc. The current rsi is 45.70. The current phase is Correction in bull market.

The long score for the Relative Strength Index (RSI) is 1/13.
The longshort score for the Relative Strength Index (RSI) is -2/(-13 +13).

  • Correction in bull market: Moderate price decline, potential pause in the uptrend. Reassess the market, wait for signs of stabilization.
  • Trending up: The RSI is trending up. +1
RiverNorth Managed Duration Municipal Income Fund Inc Daily Relative Strength Index (RSI) ChartRiverNorth Managed Duration Municipal Income Fund Inc Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of RiverNorth Managed Duration Municipal Income Fund Inc. The current phase is Oversold in bull market.

The long score for the Stochastic Oscillator is 3/6.
The longshort score for the Stochastic Oscillator is 0/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH < 20: The STOCH %K is below 20 and oversold. -2
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Rivernorth price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
RiverNorth Managed Duration Municipal Income Fund Inc Daily Stochastic Oscillator ChartRiverNorth Managed Duration Municipal Income Fund Inc Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of RiverNorth Managed Duration Municipal Income Fund Inc. The current cci is -81.94080019.

RiverNorth Managed Duration Municipal Income Fund Inc Daily Commodity Channel Index (CCI) ChartRiverNorth Managed Duration Municipal Income Fund Inc Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of RiverNorth Managed Duration Municipal Income Fund Inc. The current cmo is -17.88161821.

The long score for the Chande Momentum Oscillator (CMO) is 0/1.
The longshort score for the Chande Momentum Oscillator (CMO) is -1/(-1 +1).

  • CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1
RiverNorth Managed Duration Municipal Income Fund Inc Daily Chande Momentum Oscillator (CMO) ChartRiverNorth Managed Duration Municipal Income Fund Inc Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of RiverNorth Managed Duration Municipal Income Fund Inc. The current willr is -81.25.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is -1/(-1 +1).

  • WILLR < -80: The Williams %R is below -80. This indicates that the price is in oversold territory, suggesting a potential price correction or trend reversal to the upside. -1
RiverNorth Managed Duration Municipal Income Fund Inc Daily Williams %R ChartRiverNorth Managed Duration Municipal Income Fund Inc Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of RiverNorth Managed Duration Municipal Income Fund Inc.

RiverNorth Managed Duration Municipal Income Fund Inc Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of RiverNorth Managed Duration Municipal Income Fund Inc. The current atr is 0.13821564.

RiverNorth Managed Duration Municipal Income Fund Inc Daily Average True Range (ATR) ChartRiverNorth Managed Duration Municipal Income Fund Inc Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of RiverNorth Managed Duration Municipal Income Fund Inc. The current obv is -1,757,050.

RiverNorth Managed Duration Municipal Income Fund Inc Daily On-Balance Volume (OBV) ChartRiverNorth Managed Duration Municipal Income Fund Inc Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of RiverNorth Managed Duration Municipal Income Fund Inc. The current mfi is 47.09.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -1/(-2 +2).

  • MFI < 50: -1
RiverNorth Managed Duration Municipal Income Fund Inc Daily Money Flow Index (MFI) ChartRiverNorth Managed Duration Municipal Income Fund Inc Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for RiverNorth Managed Duration Municipal Income Fund Inc.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-06STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-07STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-09STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-10STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-13STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-14STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-11-15STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-16STOCH SHORT EXITThe %K line crosses above the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-20STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-21MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-11-24STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-27STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-29STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-01WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-04CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-12-05STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-08MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2023-12-12SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-13SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2023-12-14CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-12-15STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-21SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-22CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-12-26CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-28DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-29STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-02CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-03DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-01-08MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-10STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-12STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-16DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-17MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-18SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-01-19CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-01-22STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-24DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-25MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-01-29STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-30STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-02RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-06STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-08STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-09RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-02-14STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-16STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-20MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-02-21STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-23WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-26SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-27CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-28STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-05SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH LONG EXITThe %K line crosses below the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-03-06STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-11STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-13DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-14CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-03-15STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-18STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-20STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-21STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-25STOCH SHORT EXITThe %K line crosses above the %D line.

6.3. Candlestick Patterns

RiverNorth Managed Duration Municipal Income Fund Inc Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of RiverNorth Managed Duration Municipal Income Fund Inc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5045.702
Ma 20Greater thanMa 5015.113
Ma 50Greater thanMa 10014.985
Ma 100Greater thanMa 20014.514
OpenGreater thanClose14.930
Total3/5 (60.0%)
Penke

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