Technical Considerations

Retractable Technologies (RVP) stock positioned 262.79% distance from the 200-day MA and stock price situated 166.30% away from the 50-day MA while located 97.32% off of the 20-day MA. Retractable Technologies (RVP) moved 43.48% from the 50-day high price and spotted a change of 411.95% from the 50-day low point.

RSI value sited with reading of 78.57. RSI readings range from zero to 100, with readings above 70 generally interpreted as indicating overbought conditions and readings below 30 indicating oversold conditions. Since the RSI measures the magnitude of recent price movements, it is most prone to generating false signals following sudden, sizable price changes. Generally, as the price of stock rises, the RSI will rise as well, because average gains will outstrip average losses. When the stock price falls, losses typically outstrip gains, causing the indicator to fall.

Investors tracking shares of Retractable Technologies (RVP) may be focusing on where the stock is trading relative to its 52-week high and low. At the time of writing, the stock had recently reached at $4.95. At this price, shares can be seen trading 43.48% off of the 52-week high mark and 705.27% away from the 52-week low. Investors often pay increased attention to a stock when it is nearing either mark. The Price Range 52 Weeks is one of the tools that investors use to determine the lowest and highest price at which a stock has traded in the previous 52 weeks. It has a market cap of $169.54M.

Volume Evaluation

Active moving action has been spotted in Retractable Technologies (RVP) on Monday as stock is moving on change of 69.52% from the open. The US listed company saw a recent price trade of $4.95 and 17925290 shares have traded hands in the session. There are 381.59K shares which are traded as an average over the last three months period.

Many investors forget that one of the defining characteristics of the stock market is that it’s a market. Buyers and sellers help determine the price of each stock, and the more buyers and sellers a particular stock has interested in it, the more liquid the market will be. Liquidity can have a profound impact on just how violently stock prices can move in either direction, and the reasons have to do with the nature of the market in a stock’s shares.

Trading volume, or volume, is the number of shares or contracts that indicates the overall activity of a security or market for a given period. Trading volume is an important technical indicator an investor uses to confirm a trend or trend reversal. Volume gives an investor an idea of the price action of a security and whether they should buy or sell the security.

Performance Levels

Looking performance record on shares of Retractable Technologies (RVP) we observed that the stock has seen a move 565.32% over the last 52-week trading period. The stock generated performance of 251.06% tracking last 3 months and 302.44% over the recent 6 months. Investors will be anxiously watching to see if things will turn around and the stock will start gaining or losing momentum over the next few months. If we look back year-to-date, the stock has performed 230.00%. Shares are at 60.19% over the previous week and 280.77% over the past month.

Volatility Insights

Watching some historical volatility numbers on shares of Retractable Technologies (RVP) we can see that the 30 days volatility is presently 17.96%. The 7 days volatility is 21.96%. Following volatility data can help measure how much the stock price has fluctuated over the specified time period. Although past volatility action may help project future stock volatility, it may also be vastly different when taking into account other factors that may be driving price action during the measured time period.

The company has a beta of 1.51. 1.00 indicates that its price is correlated with the market. Less than 1.00 shows less volatility than the market. Beta greater than 1.00 indicates that the security’s price is theoretically more volatile than the market.

The Average True Range (ATR) value reported at 0.45. The average true range (ATR) is a technical analysis indicator that measures volatility by decomposing the entire range of an asset price for that period. A stock experiencing a high level of volatility has a higher ATR, and a low volatility stock has a lower ATR. The ATR may be used by market technicians to enter and exit trades, and it is a useful tool to add to a trading system. It was created to allow traders to more accurately measure the daily volatility of an asset by using simple calculations. The indicator does not indicate the price direction; rather it is used primarily to measure volatility caused by gaps and limit up or down moves. The ATR is fairly simple to calculate and only needs historical price data.