RVSN Potential Reversal - AI Rail Paves the wayRail Vision is building behind the scenes.
There's interesting price action around this level. we might see it go lower for a big buyer and full fear but we believe this name will pave the way for great AI resources.
We can see that there's a potential push higher for upcoming summer mania. Clear skys ahead but be warned for any quick turns into caves or tunnels.
Could this go higher for longer? . Not Financial Advice. Risk at your own discretion.
RVSN trade ideas
RVSN | AI Tech for the Railroad Industry | LONGRail Vision Ltd. engages in the design, development, and manufacture of a technology that focuses on cognitive vision and safety system for the railway industry. It operates through the following segments: Locomotives for Shunting Yards, Locomotives for Passenger and Freight Trains, and Light Rail Vehicle. The Locomotives for Shunting Yards segment focuses on the sale of RV200 system to shunting yard operators. The Locomotives for Passenger and Freight Trains segment promotes sales to passenger and freight train operators. The Light Rail Vehicle segment are in the process of developing an LRV system that will be designed for the light rail market segment. The company was founded by Elen Katz, Shahar Hania, Noam Teich, and Yuval Isbi in 2015 and is headquartered in Ra'anana, Israel.
RVSN Rail Vision Is Worth WatchingNASDAQ:RVSN Rail Vision Ltd’s recent financials seem to be improving. On April 18th, the stock flatlined, similar to an EP setup. Starting May 1st, it began to slowly make higher highs. On May 14th, we saw a tall wick candle. I’m interpreting this as a breakout retest since we continued to make higher highs each day afterwards. Today, on May 14th, the stock gapped up and exhibited relative strength while forming an ascending continuation pattern on the intraday chart. This is definitely one to keep on your radar because it has a history of big moves.
RVSN pump every day for %50+Almost every day for the last two weeks NASDAQ:RVSN has gained over %50+ for the day after releasing news about their railroad AI systems: Rail Vision Reveals its Next Generation AI Computer for Railway Safety and Accident Prevention. How much longer will this bull run continue? get your slice of the pie...
The Little Engine that Could--$RVSN Steadily Tracks UpwardsRailvision (NASDAQ: RVSN) is a machine vision company developing sensor and camera technology for use on trains and railway infrastructure. Like Mobileye (MBLY), RVSN was established in Israel, which is recognized as a global hub for autonomous vehicle and computer vision R&D. I added this ticker to my watchlist after seeing a November PR about a board change, and realized that KBX, a German-based railway manufacturing giant, is a strategic investor with ~35% stake in RVSN and significant sway on the board. So I took a closer look under the hood and am intrigued.
First a bit about RVSN; the company went public in March '22 and witnessed a steady slide in share price through October/November, where it bottomed out around $0.45. However since November 16th, price action has been consistently tracking an ascending support and has already bounced off numerous times, as the chart depicts. Since its November low, RVSN is up >100% albeit on low volume, suggesting a quiet accumulation of shares somewhere. Notwithstanding a dip over the past few days, RVSN is trading above said support, above its 20/50/100 SMAs, and MACD remains in the green.
The only two catalysts I was able to identify as potentially playing a role in this lowkey +100% run was a board swap-out on November 26th and Q3 financials released on December 6th. Neither intraday trading nor an uptick in volume really indicate that these NRs directly caused the recent gains.
So what's behind the triple-digit monthly percentage gains? Well, they finished a first POC of their autonomous rail tech in Australia with Rio Tinto (RIO), a global mining giant, that may be contributing to an uptick in demand. Things look quiet on the retail side, and institutional involvement seems pretty minimal at this stage. RVSN is still largely pre-revenue, so the promise of dividends or earnings aren't really in play either.
Regardless the source, RVSN has seen an impressive bounce back over the past month as NASDAQ and other equity markets continue to bleed. Judging by the MBLY IPO, there's robust demand behind machine vision tech and applications, not to mention the mega-potential for redevelopment of crumbling global railroad infrastructure. We're unlikely to see any big moves before the New Year so for now I'll be waiting and watching to see if RVSN continues this climb, and into 2023 will really start considering establishing at least a starter position.