RIVERVIEW BANCORP INC (RVSB) Stock Technical Analysis
USA - NASDAQ:RVSB - US7693971001 - Common Stock
We assign a technical rating of 3 out of 10 to RVSB. In the past year, RVSB was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
RVSB has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 5.16. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 4.88, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for RVSB in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
We found 1 important support area.
- A support zone ranging from 4.81 to 4.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 5.16 to 5.22. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The short term trend for RVSB is up. |
| ChartMill Relative Strength | 45.35 | 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) | DOWN | MIXED | The current price of RVSB is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RVSB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.82 | 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. |
| Stochastics (14,3) | 87.78 | OVERBOUGHT | The high Stochastics value suggests RVSB may be overbought. |
| Average True Range in percent/ATR (20) | 2.84 | MEDIUM VOLATILITY | The ATR as a percentage value for RVSB suggests some volalility. |
| Average Directional Index/ADX (14) | 14.14 | NEGATIVE | The low ADX value for RVSB suggests a weak or negative trend. |
5.15
-0.06 (-1.15%)