VOLUME
Buy
TREND
Hold
MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell
Bullish vs. Bearish (1 opinions)
100%
0%
Social Sentiment 0.00

RVP Forecast and Technical Stock Analysis

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Buy candidate since 2019-07-19

Retractable Technologies, Inc gained 1.87% in the last trading day ( Friday, 19th Jul 2019 ), rising from $0.70 to $0.71 , and has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 7.12% from a day low at $0.68 to a day high of $0.73. The price has risen in 6 of the last 10 days and is up by 1.71% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 27 102 more shares were traded than the day before. In total, 50 412 shares bought and sold for approximately $35 963.90.

Quick summary:

  • 30 day high of the RVP stock price was $0.77 and low was $0.62.
  • 90 day high was $0.91 and low was $0.61.
  • 52 week high for Retractable Technologies, Inc - $1.34 and low - $0.54.
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Trend

Retractable Technologies, Inc is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Retractable Technologies, Inc with a 90% probability to be traded between $0.63 and $0.75 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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Signals

Only positive signals in the chart today. Retractable Technologies, Inc holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $0.69 and $0.70. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday July 15, 2019, which indicates further gains until a new top pivot has been found. Retractable Technologies, Inc has rising volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 45 and the stock is currently not being overbought or oversold

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.

Support & Resistance

Retractable Technologies, Inc finds support from accumulated volume at $0.71.

Support: $0.71 Price: $0.71 Resistance: $0.75

Risk

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.05 (7.12%) between high and low. For the last week, the stock has had daily average volatility of 4.55%.

Our recommended stop-loss: $0.68 (-4.42%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 4 days ago.)

4.55 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Buy Candidate Upgraded

Evaluation

Several short-term signals 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 period. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.

Will RVP stock price go up or down on Mon, 22 Jul 2019?

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