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RVSB Stock Tickeron detected bearish Stock Pattern: Broadening Wedge Descending RVSB on January 31, 2024, netting in a 13.56% gain over 1 week

A.I.dvisor
at Tickeron.com
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+13.56% Gain from a Successful pattern Broadening Wedge Descending
RVSB - Riverview Bancorp
Tickeron
Ticker: RVSB
Company: Riverview Bancorp
Gain from shortening: +13.56%
Confirmed: 01/31/24
Succeeded: 02/07/24
Total length: 8 days
On January 30, 2024, A.I.dvisor detected a Broadening Wedge Descending Pattern (Bearish) for Riverview Bancorp (RVSB, $5.68). 1 day later, on January 31, 2024, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On February 07, 2024, the stock hit the target price of $4.94 – resulting in a +1 gain for traders who shorted the stock on the pattern detection date.

RVSB in -1.36% downward trend, falling for three consecutive days on December 17, 2024

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where RVSB declined for three days, in of 261 cases, the price declined further within the following month. The odds of a continued downward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 18 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The Moving Average Convergence Divergence Histogram (MACD) for RVSB turned negative on December 17, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 52 similar instances when the indicator turned negative. In of the 52 cases the stock turned lower in the days that followed. This puts the odds of success at .

RVSB broke above its upper Bollinger Band on December 12, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Bullish Trend Analysis

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where RVSB advanced for three days, in of 254 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 197 cases where RVSB Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. RVSB’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.617) is normal, around the industry mean (1.030). P/E Ratio (10.076) is within average values for comparable stocks, (18.662). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.366). Dividend Yield (0.052) settles around the average of (0.058) among similar stocks. P/S Ratio (1.819) is also within normal values, averaging (2.921).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. RVSB’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 62, placing this stock worse than average.

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RVSB
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General Information

a savings bank

Industry RegionalBanks

Profile
Fundamentals
Details
Industry
Savings Banks
Address
900 Washington Street
Phone
+1 360 693-6650
Employees
229
Web
https://www.riverviewbank.com