How Analysts Feel About Reliv' International, Inc. (RELV) After Forming Multiple Bottom Pattern?

May 20, 2018 - By Peter Erickson

Reliv' International, Inc. (NASDAQ:RELV) Logo

The stock of Reliv' International, Inc. (RELV) shows a multiple bottoms pattern with $4.41 target or 4.00 % below today’s $4.59 share price. The 8 months chart pattern indicates high risk for the $8.47M company. It was reported on May, 20 by If the $4.41 price target is reached, the company will be worth $338,880 less.
Multiple bottoms are very good trading chart patterns. These patterns have a low break even failure rate and decent average rise in a bull market, giving them a solid performance rank. Back-tests of such patterns show that the break even failure rate is 4%, the average rise: 37%, the throwback rate: 64% and the percentage of stocks meeting their price targets: 64%.

The stock decreased 0.65% or $0.03 during the last trading session, reaching $4.59. About 4,114 shares traded. Reliv' International, Inc. (NASDAQ:RELV) has declined 0.80% since May 20, 2017 and is downtrending. It has underperformed by 12.35% the S&P500.

Another recent and important Reliv' International, Inc. (NASDAQ:RELV) news was published by which published an article titled: “Reliv International Reports First-Quarter Financial Results for 2018” on May 11, 2018.

Reliv' International, Inc. develops, makes, and markets nutritional supplements that address basic nutrition, wellness needs, weight management, and sports nutrition. The company has market cap of $8.47 million. It offers 20 nutritional supplements, primarily, including Reliv Classic and Reliv NOW, which are basic nutritional supplements containing a balanced blend of vitamins, minerals, proteins, and herbs; Innergize!, an isotonic sports supplement in two flavors; FibRestore, a fiber and antioxidant supplement; and LunaRich X, a soy concentrate with elevated levels of lunasin in capsule form. It currently has negative earnings. The firm markets and sells its products through a network of independent distributors in the United States, Australia, Austria, Canada, France, Germany, Indonesia, Ireland, Malaysia, Mexico, the Netherlands, New Zealand, the Philippines, Singapore, and the United Kingdom.

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