RIVERVIEW BANCORP INC (RVSB) Stock Technical Analysis
NASDAQ:RVSB - Nasdaq - US7693971001 - Common Stock - Currency: USD
Overall RVSB gets a technical rating of 4 out of 10. Although RVSB is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
In the last month RVSB has a been trading in the 5.30 - 6.11 range, which is quite wide. It is currently trading near the lows of this range.
Looking at the yearly performance, RVSB did better than 84% of all other stocks. We also observe that the gains produced by RVSB over the past year are nicely spread over this period.
RVSB is one of the better performing stocks in the Banks industry, it outperforms 81% of 395 stocks in the same industry.
RVSB is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so RVSB is lagging the market slightly.
RVSB has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 5.40, a Stop Loss order could be placed below this zone.
More info and screens
5.02
6.51
We found 2 important support areas.
- A support zone ranging from 5.32 to 5.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @5.07 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 5.51 to 5.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @6.45 from a horizontal line in the weekly time frame.
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 | DOWN | NEGATIVE | The long term trend for RVSB is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RVSB is down. |
| ChartMill Relative Strength | 84.23 | POSITIVE | RVSB has a high relative strength, it outperformed 84.23% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of RVSB is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RVSB is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RVSB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.24 | NEUTRAL | The RSI value for RVSB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests RVSB has a positive trend. |
| Stochastics (14,3) | 12.9 | OVERSOLD | The low Stochastics value suggests RVSB may be oversold. |
| Average True Range in percent/ATR (20) | 4.51 | MEDIUM VOLATILITY | The ATR as a percentage value for RVSB suggests some volalility. |
| Average Directional Index/ADX (14) | 27.23 | POSITIVE | The high ADX value value for RVSB suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
5.5
+0.17 (+3.19%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg3.19%
1 Week2.04%
2 Weeks-0.18%
1 Month-6.62%
3 Month-0.54%
6 Month-4.84%
12 Month37.84%
2 Year9.13%
3 Year-16.41%
5 Year-2.65%
10 Year28.5%
15 Year126.34%
Volatility
ATR(14)0.22
ATR(20)%4.51%
ATR Inc-11.21%
Range Today0.16
ADR(20)0.25
ADR(20)%4.46%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.23
Mansfield0.12
10 Day High5.7
10 Day Low5.31
20 Day High6.11
20 Day Low5.31
52 Week High6.59
52 Week Low3.3
CS1 End5.4
CR1 Start5.51
Volume & EV
DER(3)1%
DER(5)-3.26%
Volume98.53K
Volume Incr-43.65%
Vol(5)118.00K
Vol(50)176.51K