RVP Forecast and Technical Stock Analysis
Hold candidate since 2019-11-15 PDF
Retractable Technologies, Inc fell by -2.21% in the last day ( Friday, 15th Nov 2019 ) from $1.36 to $1.33 During the day the stock fluctuated 10.69% from a day low at $1.31 to a day high of $1.45. The price has risen in 6 of the last 10 days and is up by 9.02% over the past 2 weeks. Volume has increased in the last day by 333 993 shares but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 439 527 shares bought and sold for approximately $584 571.00.
- 30 day high of the RVP stock price was $1.46 and low was $0.99.
- 90 day high was $1.46 and low was $0.74.
- 52 week high for Retractable Technologies, Inc - $1.46 and low - $0.54.
Retractable Technologies, Inc lies in the lower part of a wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $1.30 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 73.93% during the next 3 months and, with 90% probability hold a price between $2.25 and $2.58 at the end of this period.
There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Thursday November 14, 2019, which indicates further falls until a new bottom pivot has been found. Retractable Technologies, 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". Retractable Technologies, Inc holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $1.35. On a fall, the stock will find some support from the long-term average at approximately $1.19. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 68 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
On the downside, the stock finds support just below today's level from accumulated volume at $1.22 and $1.10.
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 $1.22. If this is broken, then the next support from accumulated volume will be at $1.10 and $1.09.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.14 between high and low, or 10.69%. For the last week, the stock has had a daily average volatility of 7.29%.
Our recommended stop-loss: $1.28 (-4.11%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 1 day(s) ago.)
7.29 %Average volatility
Very Low Low Medium High Very High
Retractable Technologies, Inc holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level, we recommend to hold or accumulate in this position whilst awaiting further development. 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 Hold/Accumulate.
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!