RETRACTABLE TECHNOLOGIES INC. - 1H - Technical analysis published on 07/27/2022 (GMT)
- 141
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
22%
33%
44%
My opinion
Bullish above 4.70 USD
My targets
4.86 USD (+0.35%)
5.17 USD (+6.82%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on RETRACTABLE TECHNOLOGIES INC.. As long as you are above the support located at 4.70 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 4.86 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 5.17 USD as an objective. Crossing it would then enable buyers to target 5.54 USD. If the support 4.70 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
2.1
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
RETRACTABLE TECHNOLOGIES INC. rating 4.84 USD. On the day, this instrument lost -0.21% and was between 4.84 USD and 4.84 USD. This implies that the price is at 0% from its lowest and at 0% from its highest.4.84
4.84
4.84
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of RETRACTABLE TECHNOLOGIES INC. indicates that the overall trend is bullish. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 8 are neutral and 6 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 4.51 | 4.70 | 4.83 | 4.84 | 5.17 | 5.54 | 6.74 |
Change (%) | -6.82% | -2.89% | -0.21% | - | +6.82% | +14.46% | +39.26% |
Change | -0.33 | -0.14 | -0.01 | - | +0.33 | +0.70 | +1.90 |
Level | Minor | Intermediate | Minor | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 4.55 | 4.65 | 4.75 | 4.85 | 4.95 | 5.05 | 5.15 |
Camarilla | 4.80 | 4.81 | 4.83 | 4.85 | 4.87 | 4.89 | 4.91 |
Woodie | 4.55 | 4.65 | 4.75 | 4.85 | 4.95 | 5.05 | 5.15 |
Fibonacci | 4.65 | 4.73 | 4.77 | 4.85 | 4.93 | 4.97 | 5.05 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 3.88 | 4.20 | 4.54 | 4.86 | 5.20 | 5.52 | 5.86 |
Camarilla | 4.71 | 4.77 | 4.83 | 4.89 | 4.95 | 5.01 | 5.07 |
Woodie | 3.90 | 4.21 | 4.56 | 4.87 | 5.22 | 5.53 | 5.88 |
Fibonacci | 4.20 | 4.45 | 4.61 | 4.86 | 5.11 | 5.27 | 5.52 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.89 | 2.72 | 3.28 | 4.11 | 4.67 | 5.50 | 6.06 |
Camarilla | 3.45 | 3.58 | 3.70 | 3.83 | 3.96 | 4.09 | 4.21 |
Woodie | 1.75 | 2.65 | 3.14 | 4.04 | 4.53 | 5.43 | 5.92 |
Fibonacci | 2.72 | 3.25 | 3.58 | 4.11 | 4.64 | 4.97 | 5.50 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
RSI (14): | 47.03 | |
MACD (12,26,9): | 0.0000 | |
Directional Movement: | 2.56 | |
AROON (14): | -14.28 | |
DEMA (21): | 4.87 | |
Parabolic SAR (0,02-0,02-0,2): | 4.91 | |
Elder Ray (13): | -0.01 | |
Super Trend (3,10): | 5.05 | |
Zig ZAG (10): | 4.82 | |
VORTEX (21): | 0.8600 | |
Stochastique (14,3,5): | 30.42 | |
TEMA (21): | 4.82 | |
Williams %R (14): | -65.00 | |
Chande Momentum Oscillator (20): | -0.04 | |
Repulse (5,40,3): | -2.7000 | |
ROCnROLL: | -1 | |
TRIX (15,9): | 0.0600 | |
Courbe Coppock: | 3.67 |
MA7: | 4.80 | |
MA20: | 4.40 | |
MA50: | 4.24 | |
MA100: | 4.27 | |
MAexp7: | 4.84 | |
MAexp20: | 4.86 | |
MAexp50: | 4.78 | |
MAexp100: | 4.62 | |
Price / MA7: | +0.83% | |
Price / MA20: | +10.00% | |
Price / MA50: | +14.15% | |
Price / MA100: | +13.35% | |
Price / MAexp7: | -0% | |
Price / MAexp20: | -0.41% | |
Price / MAexp50: | +1.26% | |
Price / MAexp100: | +4.76% |
Quotes :
-
15 min delayed data
-
NYSE MKT Stocks
News
Don't forget to follow the news on RETRACTABLE TECHNOLOGIES INC.. At the time of publication of this analysis, the latest news was as follows:
- Retractable Technologies, Inc. Declares Dividends to Series II and III Class B Preferred Stock Shareholders
- Retractable Technologies, Inc. Announces Reduction in Workforce
- Retractable Technologies, Inc. Reports $9.7 Million in Operating Income for the First Three Months Of 2022
- Retractable Technologies, Inc. Announces Termination of Buyback Plan
- Retractable Technologies, Inc. Reports Results for 2021
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis RETRACTABLE TECHNOLOGIES INC. - 1H