Riverview Bancorp Inc Stock Forecast
Evaluation of Riverview Bancorp Inc stock downgraded after the last trading session.
(Updated on Jul 02, 2024)
The Riverview Bancorp Inc stock price fell by -0.744% on the last day (Tuesday, 2nd Jul 2024) from $4.03 to $4.00. During the last trading day the stock fluctuated 3.81% from a day low at $3.94 to a day high of $4.09. The price has risen in 6 of the last 10 days and is up by 3.9% over the past 2 weeks. Volume has increased on the last day by 65 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 79 thousand shares were bought and sold for approximately $316.85 thousand.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $4.04 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -14.51% during the next 3 months and, with a 90% probability hold a price between $2.78 and $3.45 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
RVSB Signals & Forecast
The Riverview Bancorp Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 $3.93 and $3.92. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has risen 9.89%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. Riverview Bancorp 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-offs".
Support, Risk & Stop-loss for Riverview Bancorp Inc stock
Riverview Bancorp Inc finds support from accumulated volume at $3.99 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.150 between high and low, or 3.81%. For the last week, the stock has had daily average volatility of 3.80%.
Our recommended stop-loss: $3.82 (-4.54%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 21 days ago.)
Trading Expectations (RVSB) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Riverview Bancorp Inc to open at $4.01, and during the day (based on 14 day Average True Range), to move between $3.81 and $4.19, which gives a possible trading interval of +/-$0.194 (+/-4.86%) up or down from last closing price. If Riverview Bancorp Inc takes out the full calculated possible swing range there will be an estimated 9.71% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.99 (0.25%) than the resistance at $4.15 (3.75%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Riverview Bancorp Inc stock A Buy?
Riverview Bancorp Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.112 Hold/Accumulate Downgraded
Predicted Opening Price for Riverview Bancorp Inc of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
$4.01 ( 0.250%) | $4.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RVSB
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 4.16 | 4.00% |
R2 | 4.10 | 2.57% |
R1 | 4.07 | 1.68% |
Price | 4.00 | |
S1 | 3.95 | -1.18% |
S2 | 3.92 | -2.07% |
S3 | 3.86 | -3.50% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 4.27 | 6.75% |
R2 | 4.20 | 5.00% |
R1 | 4.15 | 3.75% |
Price | 4.00 | |
S1 | 3.99 | -0.250% |
S2 | 3.85 | -3.75% |
S3 | 3.73 | -6.75% |
RVSB Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 26, 2024 | Jul 10, 2024 | Jul 22, 2024 | $0.0200 | 0.500% |
2 | Mar 27, 2024 | Apr 10, 2024 | Apr 22, 2024 | $0.0600 | 1.39% |
3 | Dec 20, 2023 | Jan 04, 2024 | Jan 16, 2024 | $0.0600 | 1.03% |
4 | Oct 02, 2023 | Oct 11, 2023 | Oct 23, 2023 | $0.0600 | 1.08% |
5 | Jun 28, 2023 | Jul 10, 2023 | Jul 24, 2023 | $0.0600 | 1.08% |
FAQ
Click here for our free guide on how to buy Riverview Bancorp Inc Stock.