We assign a technical rating of 6 out of 10 to RVSB. RVSB has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
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. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 5.29, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
4.76
4 important support areas can be observed.
- A support zone ranging from 5.25 to 5.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 5.02 to 5.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @4.91 from a horizontal line in the daily time frame.
- 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 2 important resistance areas.
- A resistance zone ranging from 5.33 to 5.40. 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 5.50 to 5.57. 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 | 34.67 | NEUTRAL | RVSB is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of RVSB is above the rising 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) | 50.31 | NEUTRAL | The RSI value for RVSB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests RVSB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 59.02 | NEUTRAL | The Stochastics value for RVSB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.96 | MEDIUM VOLATILITY | The ATR as a percentage value for RVSB suggests some volalility. |
| Average Directional Index/ADX (14) | 14.85 | NEGATIVE | The low ADX value for RVSB 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 |
|---|---|---|---|
| 5.41 | 5.24 | 0.17 (3.14%) | 25.00% |
| An entry @5.41. This is a Buy Stop order right above the resistance zone. | An exit @5.24. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.17 points, which is 3.14%. | For a 0.79% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of RVSB. Please evaluate whether better entry and exit points can be found.
- 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.
5.3
-0.12 (-2.21%)
RIVERVIEW BANCORP INC / RVSB FAQ
What is the technical rating for RVSB stock?
ChartMill assigns a technical rating of 6 / 10 to RVSB.
What is the trend direction for RVSB stock?
The current trend direction for RIVERVIEW BANCORP INC (RVSB) is Bearish.
What is the RSI signal for RIVERVIEW BANCORP INC (RVSB) stock?
RIVERVIEW BANCORP INC (RVSB) has an RSI value of 50.3149. This indicates that the stock is currently neutral.
What is the MACD signal for RVSB stock?
The MACD indicator for RIVERVIEW BANCORP INC (RVSB) has a value of 0.0172828, indicating a bearish trend.
Can you provide the short term momentum for RIVERVIEW BANCORP INC?
The short term momentum for RIVERVIEW BANCORP INC (RVSB) is positive.