Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of RVP
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Retractable Technologies, Inc stock price ended at $1.20 on Thursday, after gaining 0.84%.
(Updated on Mar 28, 2024)

Sell candidate since Mar 21, 2024 Loss -0.83% PDF

The Retractable Technologies, Inc stock price gained 0.84% on the last trading day (Thursday, 28th Mar 2024), rising from $1.19 to $1.20. During the last trading day the stock fluctuated 2.32% from a day low at $1.19 to a day high of $1.22. The price has fallen in 4 of the last 10 days and is down by -1.64% for this period. Volume fell on the last day by -21 thousand shares and in total, 42 thousand shares were bought and sold for approximately $50.85 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $1.17 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 6.95% during the next 3 months and, with a 90% probability hold a price between $1.25 and $1.47 at the end of this 3-month period.

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RVP Signals & Forecast

There are mixed signals in the stock today. The Retractable Technologies, Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $1.24. On a fall, the stock will find some support from the short-term average at $1.20. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, February 22, 2024, and so far it has fallen -10.45%. Further fall is indicated until a new bottom pivot has been found. 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 not be. The very low volume increases the risk and reduces the other technical signals issued. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Retractable Technologies, Inc stock

Retractable Technologies, Inc finds support from accumulated volume at $1.19 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0277 between high and low, or 2.32%. For the last week the stock has had daily average volatility of 3.77%.

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

Trading Expectations (RVP) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Retractable Technologies, Inc to open at $1.20, and during the day (based on 14 day Average True Range), to move between $1.16 and $1.24, which gives a possible trading interval of +/-$0.0422 (+/-3.52%) up or down from last closing price. If Retractable Technologies, Inc takes out the full calculated possible swing range there will be an estimated 7.04% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $1.19 (0.83%) than the resistance at $1.22 (1.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Retractable Technologies, Inc stock A Buy?

Retractable Technologies, Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -4.427 Sell Candidate Unchanged

Predicted Opening Price for Retractable Technologies, Inc of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$1.20 ( 0.342%) $1.20

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for RVP

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 1.23 2.65 %
R2 1.22 1.77 %
R1 1.21 1.22 %
Current price: 1.20
Support S1 1.19 -0.540 %
S2 1.19 -1.08 %
S3 1.18 -1.97 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 1.29 7.50 %
R2 1.23 2.50 %
R1 1.22 1.67 %
Current price 1.20
Support S1 1.19 -0.83%
S2 1.18 -1.67%
S3 1.12 -6.67%

FAQ

What is the symbol for Retractable Technologies, Inc Stock and on which exchange is it traded?
The symbol for Retractable Technologies, Inc is RVP and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Retractable Technologies, Inc Stock?
Retractable Technologies, Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

How to buy Retractable Technologies, Inc Stock?
Retractable Technologies, Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Retractable Technologies, Inc Stock.

What's the current price of Retractable Technologies, Inc Stock?
As of the end of day on the 2024-03-28, the price of an Retractable Technologies, Inc (RVP) share was $1.20.

What is the 52-week high and low for Retractable Technologies, Inc Stock?
The 52-week high for Retractable Technologies, Inc Stock is $1.90 and the 52-week low is $0.95.

What is the market capitalization of Retractable Technologies, Inc Stock?
As of the 2024-03-28, the market capitalization of Retractable Technologies, Inc is 35.925M.

When is the next earnings date for Retractable Technologies, Inc?
The upcoming earnings date for Retractable Technologies, Inc is Mar 28, 2024.
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About Retractable Technologies, Inc

Retractable Technologies Retractable Technologies, Inc. designs, develops, manufactures, and markets safety syringes and other safety medical products for the healthcare profession in the United States, rest of North and South America, and internationally. It offers VanishPoint insulin syringes; tuberculin, insulin, and allergy antigen syringes; small diameter tube adapters; blood collection tube holders; allergy trays; IV safety catheters; Patient Safe syringes and Luer... RVP Profile

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