Riverview Bancorp Inc

RVSB is entrenched in a Stage 4 decline, having decisively broken key support on high volume and volatility, trading below all major EMAs. The medium-term bias is bearish, and short-term conditions are unfavorable for fresh shorts due to oversold extension. We will execute now to participate in the downtrend, interacting on any minor pullbacks into the broken support zone around the 9/21 EMAs or prior lows.

• ↑$4M stock repurchase announced; dividend yield 0.41% appeals to income investors
• ↑Q2 net income of $1.7M vs $4.3M loss prior year
• ↓Weak growth metrics and negative earnings revisions signal slowing momentum