Today RVP ranks # as BUY CANDIDATE.
Today RVP ranks # as BUY CANDIDATE.

RVP stock Retractable Technologies, Inc

RVP stock
Retractable Technologies, Inc

March 20, 2019
Change -2.20%
Chart period: 2018-12-21 - 2019-03-20
VOLUME
Sell
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

Will RVP stock price go up or down on Thu, 21 Mar 2019?

Retractable Technologies, Inc Forecast and Stock Analysis

Technical RVP stock analysis for March 20, 2019.

Buy candidate since 2019-03-18 Gain 8.96%
Shorts 0.26% ( 2019-02-28 )
Cash n/a
Loans n/a
Beta 0.35
ROA -7.79

Retractable Technologies, Inc fell by -2.20% in the last day from $0.87 to $0.85 The price has risen in 6 of the last 10 days and is up by 16.1% over the past 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -134 946 shares and in total 67 533 shares bought and sold for approximately $57 470.60.

Close price at the end of the last trading day (Wednesday, 20th Mar 2019) of the RVP stock was $0.85. This is 2.2% less than the trading day before Tuesday, 19th Mar 2019.

During day the stock fluctuated 10.60% from a day low at $0.84 to a day high of $0.93.

30 day high of the RVP stock price was $1.34 and low was $0.69.
90 day high was $1.34 and low was $0.54.
52 week high for the Retractable Technologies, Inc - $1.34 and low - $0.54.

Trend

Retractable Technologies, Inc lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 22.07% during the next 3 months and, with 90% probability hold a price between $0.91 and $1.11 at the end of this period.

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Signals

Retractable Technologies, Inc holds buy signals from both short- and long-term moving averages. In addition, 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 $0.80 and $0.75. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Tuesday March 19, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

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A buy signal from a double bottom formation was found on Monday March 11, 2019 with a target of $0.76. Despite the objective of the signal formation has been reached the stock may continue to perform well.

Relative Strength Index (RSI)

RSI14 is 62 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $0.78 and $0.69.

There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Retractable Technologies, Inc finds support just below today's level at $0.78. If this is broken, then the next support from accumulated volume will be at $0.69 and $0.67.

Support: $0.78 Price: $0.85 Resistance: $0.87

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 $0.09 between high and low, or 10.60%. For the last week the stock has had a daily average volatility of 26.55%.

Our recommended stoploss: $0.81 (-5.28%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Buy Candidate

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Strong Buy Candidate to a Buy Candidate.

Today RVP ranks # as BUY CANDIDATE.
Today RVP ranks # as BUY CANDIDATE.