RIVERVIEW BANCORP INC (RVSB) Stock Technical Analysis
NASDAQ:RVSB - Nasdaq - US7693971001 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to RVSB. In the last year, RVSB was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
When comparing the yearly performance of all stocks, we notice that RVSB is one of the better performing stocks in the market, outperforming 76% of all stocks. We also observe that the gains produced by RVSB over the past year are nicely spread over this period.
RVSB is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
RVSB is part of the Banks industry. There are 397 other stocks in this industry, RVSB did better than 54% of them.
RVSB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RVSB is lagging the market.
RVSB 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 support zone below the current price at 5.42, a Stop Loss order could be placed below this zone.
More info and screens
5.02
6.51
When analyzing the support we can see 2 important areas.
- A support zone ranging from 5.32 to 5.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.07 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 5.67 to 5.75. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 6.39 to 6.45. 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 | NEUTRAL | NEUTRAL | The long term trend for RVSB is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RVSB is up. |
| ChartMill Relative Strength | 76.98 | POSITIVE | RVSB has a high relative strength, it outperformed 76.98% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RVSB is above the rising 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) | 54.44 | NEUTRAL | The RSI value for RVSB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests RVSB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 69.24 | NEUTRAL | The Stochastics value for RVSB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.57 | MEDIUM VOLATILITY | The ATR as a percentage value for RVSB suggests some volalility. |
| Average Directional Index/ADX (14) | 40.74 | 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)
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 |
|---|---|---|---|
| 5.76 | 5.46 | 0.30 (5.21%) | 19.20% |
| An entry @5.76. This is a Buy Stop order right above the resistance zone. | An exit @5.46. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.30 points, which is 5.21%. | For a 1.00% total portfolio risk, you can invest 19.20% of your capital in this trade. |
- 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.
5.67
-0.03 (-0.53%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.53%
1 Week-1.39%
2 Weeks3.09%
1 Month4.61%
3 Month-0.35%
6 Month3.47%
12 Month38.97%
2 Year0.53%
3 Year-22.96%
5 Year16.19%
10 Year30.95%
15 Year183.5%
Volatility
ATR(14)0.13
ATR(20)%2.57%
ATR Inc-54.5%
Range Today0.06
ADR(20)0.14
ADR(20)%2.51%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.98
Mansfield-0.05
10 Day High5.85
10 Day Low5.47
20 Day High5.85
20 Day Low5.31
52 Week High6.59
52 Week Low3.99
CS1 End5.42
CR1 Start5.67
Volume & EV
DER(3)-0.67%
DER(5)-2.47%
Volume99.50K
Volume Incr-35.65%
Vol(5)154.56K
Vol(50)240.91K