Friday May 17, 2019 Change 3.06% Price $0.67
Chart period: 2019-02-19 - 2019-05-17
VOLUME
Sell
TREND
Sell
MV LONG
Sell

MV SHORT
Sell

PIVOT
Buy

MACD
Sell

Will RVP stock price go up or down on Mon, 20 May 2019?

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Retractable Technologies, Inc Forecast and Stock Analysis

Technical RVP stock analysis for Friday May 17, 2019.

Sell candidate since 2019-05-09 Loss -8.30%
Shorts 0.20% ( 2019-04-15 )
Insider % 59.90%
Institutional % 5.70%
Beta -0.11
ROA -5.46%
Price to book USD 0.88
P/E Ratio -11.81
Next Earnings Date n/a


Retractable Technologies, Inc gained 3.06% in the last trading day ( Friday, 17th May 2019 ), rising from $0.65 to $0.67 During day the stock fluctuated 8.38% from a day low at $0.63 to a day high of $0.68. The price has fallen in 8 of the last 10 days and is down by -9.96% for this period. Volume fell in the last day by -200 449 shares, and in total, 264 684 shares bought and sold for approximately $177 312.00. 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 RVP stock price was $0.91 and low was $0.61.
  • 90 day high was $1.34 and low was $0.56.
  • 52 week high for the Retractable Technologies, Inc - $1.34 and low - $0.54.

Trend

Retractable Technologies, Inc lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -7.51% during the next 3 months and, with 90% probability hold a price between $0.50 and $0.79 at the end of this period.

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Signals

A buy signal was issued from a pivot bottom point on Thursday May 16, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Retractable Technologies, Inc holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $0.69 and $0.70. A break-up above any of these levels will issue buy signals. 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.

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A buy signal from a double bottom formation was found on Monday May 06, 2019 and based on theory for this formation the price should go up by 0.02% to $0.74 within 3 trading days since signal was issued (Thursday May 09, 2019).

Relative Strength Index (RSI)

RSI14 is 39 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Retractable Technologies, Inc finds support from accumulated volume at $0.66.

Support: $0.66 Price: $0.67 Resistance: $0.69

Risk

This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.05 between high and low, or 8.38%. For the last week the stock has had a daily average volatility of 7.86%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

7.86 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Stronger Sell Today RVP ranks #2811 as SELL CANDIDATE #2811 Weaker Sell

Will RVP stock price go up or down
on Mon, 20 May 2019?

Predict

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