Rivernorth E Opportunity Fund Technical Analysis

RNCOX Fund  USD 7.43  0.02  0.27%   
As of the 28th of March, Rivernorth holds the Risk Adjusted Performance of 0.1547, semi deviation of 0.1267, and Coefficient Of Variation of 346.96. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Rivernorth, as well as the relationship between them. Put it differently, you can use this information to find out if the fund will indeed mirror its model of past market data, or the prices will eventually revert. We were able to break down and interpolate data for nineteen technical drivers for Rivernorth E Opportunity, which can be compared to its competitors. Please check Rivernorth E Opportunity standard deviation, as well as the relationship between the value at risk and kurtosis to decide if Rivernorth E Opportunity is priced some-what accurately, providing market reflects its current price of 7.43 per share.

Rivernorth Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Rivernorth, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Rivernorth
  
Rivernorth's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.
Rivernorth technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
A focus of Rivernorth technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Rivernorth trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Rivernorth E Opportunity Technical Analysis

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The output start index for this execution was three with a total number of output elements of fifty-eight. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Rivernorth E Opportunity volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Rivernorth E Opportunity Trend Analysis

Use this graph to draw trend lines for Rivernorth E Opportunity. You can use it to identify possible trend reversals for Rivernorth as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Rivernorth price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Rivernorth Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Rivernorth E Opportunity applied against its price change over selected period. The best fit line has a slop of   0.01  , which means Rivernorth E Opportunity will continue generating value for investors. It has 122 observation points and a regression sum of squares at 2.57, which is the sum of squared deviations for the predicted Rivernorth price change compared to its average price change.

About Rivernorth Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Rivernorth E Opportunity on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Rivernorth E Opportunity based on its technical analysis. In general, a bottom-up approach, as applied to this mutual fund, focuses on Rivernorth E Opportunity price pattern first instead of the macroeconomic environment surrounding Rivernorth E Opportunity. By analyzing Rivernorth's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Rivernorth's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Rivernorth specific price patterns or momentum indicators. Please read more on our technical analysis page.

Rivernorth March 28, 2024 Technical Indicators

Most technical analysis of Rivernorth help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Rivernorth from various momentum indicators to cycle indicators. When you analyze Rivernorth charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rivernorth E Opportunity. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in persons.
You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.

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When running Rivernorth's price analysis, check to measure Rivernorth's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Rivernorth is operating at the current time. Most of Rivernorth's value examination focuses on studying past and present price action to predict the probability of Rivernorth's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rivernorth's price. Additionally, you may evaluate how the addition of Rivernorth to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Rivernorth's value and its price as these two are different measures arrived at by different means. Investors typically determine if Rivernorth is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Rivernorth's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.