RIVERVIEW BANCORP INC (RVSB) Stock Technical Analysis
NASDAQ:RVSB - Nasdaq - US7693971001 - Common Stock - Currency: USD
Taking everything into account, RVSB scores 0 out of 10 in our technical rating. RVSB's overall performance in the market is below average. Also 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.
When comparing the yearly performance of all stocks, RVSB is a bad performer in the overall market: 77% of all stocks are doing better.
RVSB is one of the lesser performing stocks in the Banks industry. 86% of 392 stocks in the same industry do better.
RVSB is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
RVSB is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Considerably lower volume is observed in the last couple of days.
RVSB has a poor technical rating and the quality of the setup is also not perfect 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.
More info and screens
4.76
6.51
When analyzing the support we notice one important area.
- A support zone ranging from 4.81 to 4.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 5.37 to 5.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @5.55 from a horizontal line in the daily time frame.
- 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 | 23.47 | NEGATIVE | RVSB has a low relative strength, it was outperformed by 76.53% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RVSB is below 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 | MIXED | The current price of RVSB is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 30.62 | NEUTRAL | The RSI value for RVSB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests RVSB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 20.71 | NEUTRAL | The Stochastics value for RVSB is a neutral value. |
| Average True Range in percent/ATR (20) | 3.29 | MEDIUM VOLATILITY | The ATR as a percentage value for RVSB suggests some volalility. |
| Average Directional Index/ADX (14) | 27.88 | 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)
4.92
+0.04 (+0.82%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.82%
1 Week2.07%
2 Weeks-8.55%
1 Month-13.23%
3 Month-20%
6 Month-11.19%
12 Month9.82%
2 Year-16.89%
3 Year-30.21%
5 Year19.13%
10 Year11.31%
15 Year171.82%
Volatility
ATR(14)0.16
ATR(20)%3.29%
ATR Inc-40.26%
Range Today0.08
ADR(20)0.16
ADR(20)%3.22%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.47
Mansfield-1.53
10 Day High5.56
10 Day Low4.74
20 Day High5.74
20 Day Low4.74
52 Week High6.59
52 Week Low4.31
CS1 End4.81
CR1 Start5.37
Volume & EV
DER(3)1.57%
DER(5)0.49%
Volume27.70K
Volume Incr-52.36%
Vol(5)50.62K
Vol(50)164.20K