RVP Technical Analysis - RETRACTABLE TECHNOLOGIES INC

Technical Rating and Analysis

Overall RVP gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, RVP is showing a nice and steady performance.

Both the short term and long term trends are positive. This is a very positive sign.

RVP is part of the Health Care Equipment & Supplies industry. There are 191 other stocks in this industry. RVP outperforms 89% of them.

RVP is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so RVP is lagging the market slightly.

In the last month RVP has a been trading in the 0.79 - 1.07 range, which is quite wide. It is currently trading near the high of this range.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

Looking at the yearly performance, RVP did better than 88% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

RETRACTABLE TECHNOLOGIES INC / RVP Weekly stock chart

RETRACTABLE TECHNOLOGIES INC / RVP Daily stock chart

Setup Rating and Analysis

Although RVP has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.60

0.98

We found 2 important support areas.

A support zone ranging from 0.82 to 0.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @0.61 from a horizontal line in the weekly time frame.

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Technical Indicator Signal Analysis

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	88.95	POSITIVE	RVP has a high relative strength, it outperformed 88.95% off all stocks 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)	66.96	NEUTRAL	The RSI value for RVP is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.02	POSITIVE	The MACD value suggests RVP has a positive trend, although the MACD value is declining.
Stochastics (14,3)	70.74	NEUTRAL	The Stochastics value for RVP is a neutral value.
Average True Range in percent/ATR (20)	4.95	MEDIUM VOLATILITY	The ATR as a percentage value for RVP suggests some volalility.
Average Directional Index/ADX (14)	27.23	POSITIVE	The high ADX value value for RVP suggests a strong trend.