Revolve Group’s stock price (RVLV) declined in latest intraday trading, under negative pressure from trading below the 50-day SMA. This drop positions the stock to potentially break a short-term upward correctional trend line, a scenario supported by negative signals starting to stream from the Stochastic after reaching extremely overbought levels — exaggerated relative to the stock’s movement.

 

Therefore we expect the stock to decline in upcoming trading, especially if it breaks the mentioned upward trend line, targeting the support level of $18.75.

 

Today’s price forecast: Bearish