Retractable Technologies Inc (RVP) Stock: What Does the Chart Say Tuesday?

Overall market sentiment has been high on Retractable Technologies Inc (RVP) stock lately. RVP receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Retractable Technologies Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on RVP!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With RVP Stock Today?

Retractable Technologies Inc (RVP) stock is lower by -3.21% while the S&P 500 is up 0.24% as of 9:40 AM on Tuesday, Mar 26. RVP is lower by -$0.04 from the previous closing price of $1.21 on volume of 4,200 shares. Over the past year the S&P 500 has risen 31.50% while RVP is lower by -33.14%. RVP lost -$0.37 per share in the over the last 12 months.

More About Retractable Technologies Inc

Retractable Technologies Inc designs, develops, manufactures, and markets safety syringes and other safety medical products for the healthcare profession. The company's products are the VanishPoint 0.5mL insulin syringe; 1mL tuberculin, insulin, and allergy antigen syringes; 0.5mL, 1mL, 2mL, 3mL, 5mL, and 10mL syringes; the small diameter tube adapter; the blood collection tube holder; the allergy tray; the IV safety catheter; the Patient Safe syringes; the Patient Safe Luer Cap; the VanishPoint Blood Collection Set; and the EasyPoint needle, as well as a standard 3mL syringe packaged with an EasyPoint needle. The company also sells VanishPoint autodisable syringes in the international market in addition to its other products. Click Here to get the full Stock Report for Retractable Technologies Inc stock.