Retractable Technologies, Inc Forecast and Stock Analysis
Technical RVP stock analysis for Friday May 17, 2019.
|Shorts||0.20% ( 2019-04-15 )|
|Price to book||USD 0.88|
|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.
- 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.
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.
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.
Relative Strength Index (RSI)
RSI14 is 39 and the stock is currently not being overbought or oversold
Support & Resistance
Retractable Technologies, Inc finds support from accumulated volume at $0.66.
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
Very Low Low Medium High Very High
Retractable Technologies, Inc holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
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