RDVT Should I Buy
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RDVT is not a good buy right now for an impatient entry. Despite strong fundamentals and bullish analyst targets, the near-term tape is still bearish (MACD histogram negative and worsening) and hedge funds have been net sellers. With no proprietary buy signal today and no near-term news catalyst, the higher-probability setup is to wait for either (1) a clear rebound back above the $48.30 pivot/near-term resistance or (2) a confirmed base around the $45.80–$44.30 support zone before buying.
Price/levels: RDVT at $45.93 is sitting just above S1 support ($45.815) with the next downside level at S2 ($44.284). The pivot is $48.295; reclaiming it would improve the short-term trend. Momentum: RSI(6) ~19.65 is deeply oversold, which can support a short-term bounce, but MACD histogram at -0.442 is below zero and negatively expanding, signaling downside momentum is still building. Moving averages are converging, consistent with a transition zone, but not yet a confirmed reversal. Net read: oversold near support (bounce potential) but trend/momentum still bearish (breakdown risk).
Strong analyst support and raised targets (B. Riley to $75; Lake Street to $
following a beat, reinforcing confidence.
Deeply oversold RSI near support can spark a reflex rally if selling pressure eases.
No negative news flow in the past week to add incremental downside pressure.
Trend risk: MACD momentum is still deteriorating, increasing odds of a support break ($45.82 then $44.28).
Flow risk: Hedge funds are selling and the selling amount increased 508.36% over the last quarter, a meaningful sentiment/positioning headwind.
Options tape today is put-dominant by volume (despite bullish OI), implying short-term caution.
Latest quarter: 2025/Q3. Revenue grew to $23.08M (+21.13% YoY). Profitability surged: net income $4.21M (+145.08% YoY) and EPS $0.29 (+141.67% YoY). Gross margin improved to 72.59% (+3.94% YoY). Net read: fundamentals are strong with accelerating earnings leverage and expanding margin—supportive for the medium-term bull case.
Recent trend: bullish and improving. On 2025-11-06, B. Riley raised its price target to $75 (from $62) and reiterated Buy after a record quarter. Lake Street raised to $62 (from $60) and reiterated Buy, noting the beat came without one-time wins (higher quality). Wall Street pros/cons view: Pros—consistent execution, strong growth, expanding margins, and confidence in continued upside. Cons—valuation is described as “rich,” which can cap near-term upside if momentum is weak. Influential/congress activity: No recent congress trading data; insiders are neutral with no significant recent trend.
