RETRACTABLE TECHNOLOGIES INC (RVP) Stock Technical Analysis
NYSEARCA:RVP - US76129W1053 - Common Stock
Taking everything into account, RVP scores 8 out of 10 in our technical rating. Although RVP is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
RVP has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 0.84. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 0.81, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for RVP in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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When analyzing the support we can see 3 important areas.
- A support zone ranging from 0.78 to 0.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.63 from a trend line in the daily time frame.
- Support @0.61 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 0.84 to 0.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for RVP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RVP is up. |
| ChartMill Relative Strength | 58.64 | NEUTRAL | RVP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RVP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RVP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RVP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.27 | NEUTRAL | The RSI value for RVP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests RVP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 50.66 | NEUTRAL | The Stochastics value for RVP is a neutral value. |
| Average True Range in percent/ATR (20) | 4.37 | MEDIUM VOLATILITY | The ATR as a percentage value for RVP suggests some volalility. |
| Average Directional Index/ADX (14) | 19.95 | NEGATIVE | The low ADX value for RVP suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 0.86 | 0.76 | 0.10 (11.40%) | 8.78% |
| An entry @0.86. This is a Buy Stop order right above the resistance zone. | An exit @0.76. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.10 points, which is 11.40%. | When investing 8.78% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
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