As of close Thursday, RGGI was displaying multiple oversold leaning technicals that could be signaling an upcoming bounce/reversal.
Here are a few to keep a close eye on (reported by Barchart):
- 14-Day Relative Strength Index: 39.51%
When these numbers drop down to the 30% range and lower, they can be viewed as being in oversold territory. While in this territory, they can paint the picture of a profile that is undervalued.
- 14-Day Raw Stochastic: 21.03%
- 14-Day Williams %R: 78.97%
As the Raw Stochastic nears the 10% range and lower and the Williams %R nears the 90% range or higher, these technical indicators may also be viewed as oversold and undervalued.
Now take another second and look at the chart again. You see how RGGI has been in a downtrend over the last several months?
When a profile goes into a downtrend like this, a potential reversal could be right around the corner.
Here's the definition of a "reversal" from Investopedia:
"A reversal is a change in the price direction of an asset. A reversal can occur to the upside or downside. Following an uptrend, a reversal would be to the downside. Following a downtrend, a reversal would be to the upside. Reversals are based on overall price direction and are not typically based on one or two periods/bars on a chart."
Could RGGI be on the verge of a reversal?
Your No. 2 Potential RGGI Catalyst - Expanding Sales & Marketing Into Major Industry
Based on Overwhelming Demand, Resgreen Group Expands its Sales and Marketing of Wanda SD Into Bn Dollar Law Enforcement Industry
Clinton Township, Michigan , April 15, 2021 (GLOBE NEWSWIRE) -- Resgreen Group (RGGI), a leading mobile robot company, today announced that dozens of law enforcement agencies across the U.S. have contacted the company about using Wanda SD to disinfect their facilities. RGGI is collecting details and data from these agencies, which will be used to improve sales and marketing, as well as research & development of Wanda SD.
Earlier this week, RGGI announced the sale of Wanda SD to the Sheriff’s Office in Palm Beach, Florida, for sanitization of its jail. Wanda SD uses either Ultraviolet C (UVC) light or Ozone to kill 99.9 percent of harmful bacteria and viruses.
“We have been overwhelmed by inquiries from sheriff’s offices, jails and local police departments that are looking for additional information about how Wanda SD can help keep their facilities safe,” said Parsh Patel, CEO of RGGI. “We are gathering data about their concerns, services and workspaces to ensure that we are selling and developing the very best robotic vehicles to meet our customer’s needs whether they are law enforcement agencies, hotels or schools.”
Wanda SD’s base is compact at just 17″ x 17″ allowing it to easily move between rooms of residential, commercial, and industrial buildings. UVC lights are included on a 42” tower and underneath the vehicle to break down the DNA or RNA of dangerous viruses and bacteria found in water, surfaces and air. In Wanda SD units that contain the Ozone addition, Ozone is dispersed to disinfect areas UVC light is unable to reach.
Read the full article here.
Your No. 3 Potential RGGI Catalyst - Launching Of New AMR
Resgreen Group Launches Industry-Changing Autonomous Mobile Robot (AMR)
New Atlas mobile robot generates pre-sales by customers looking for cost-effective, robust solutions
Clinton Township, Michigan--(Newsfile Corp. - March 1, 2021) - Resgreen Group (OTC PINK: RGGI) ("RGGI"), a leading mobile robot company, today announced the development of Atlas, its new Autonomous Mobile Robot (AMR) for demanding industrial and mission critical 24/7 applications. The vehicle can use either natural feature or magnetic tape guidance to navigate through manufacturing facilities and warehouses. The natural feature or free guidance requires no wires, tape or navigation marks. Instead, the vehicle uses advanced lasers to scan its surroundings, and then determines its position based on the mapped features along its path.
"Atlas mobile robot was designed to meet a wide variety of customers' needs, whether it's free navigation requiring no modification to your facility or more cost-effective magnetic tape guidance," said Parsh Patel, CEO of RGGI. "We also understand industrial customers require a rugged vehicle that is built to last and moves heavy loads easily."
Atlas can tow up to 5,000 pounds, with a unit load capacity of 2,500 pounds. Another model tows up to 2,500 pounds and 1,250 pounds as a unit load. It features 5G communications and operates using an Android or iOS application in manual mode and WiFi in automatic mode.Wolter Group is planning to integrate two vehicles, which will be available in mid-2021, due to their unique features and manufacturing process.
RGGI is leading the industry in quick and sustainable development and manufacturing by 3D printing large parts of the vehicles using an environmentally-friendly, biodegradable polymer material.
"The AMR market continues to grow significantly, especially for industrial-grade solutions in the warehousing and manufacturing sectors. RGGI is leading the industry with the introduction of a dual-navigation AMR, supported by quick and sustainable development and manufacturing by 3D printing large parts of the vehicles using an environmentally-friendly, biodegradable polymer material," said Mark Bogaczyk, GM of Automation at Wolter Group. "We were also impressed with RGGI's operational knowledge of numerous guidance systems and decades of experience in development and implementation of automated vehicles for Fortune 500 companies."
Atlas mobile robot moves loads up to two meters per second. It includes an onboard industrial PC or PLC based with standard industrial protocol and interface and an AI-based fleet management software.
Read the full article here.
Your No. 4 Potential RGGI Catalyst - Acquisition Of Navigation Tech Company
Resgreen Group Announces Acquisition of State-of-the-Art Navigation Technology from Netherlands Company, Accerion
New Atlas Mobile Robot To Be Outfitted With Cutting Edge Navigation Technology
Clinton Township, Michigan--(Newsfile Corp. - March 18, 2021) - Resgreen Group (OTC Pink: RGGI) - Resgreen Group (RGGI), a leading mobile robot company, today announced their industry-changing Atlas mobile robot to be outfitted with cutting edge SLAM (Simultaneous Localization And Mapping) technology purchased from the Netherlands-based company, Accerion.
Atlas was developed to meet the demanding needs of the industrial sector. One model is able to tow up to 5,000 pounds, with a unit load capacity of 2,500 pounds. A second model can tow up to 2,500 pounds, with a 1,250-pound unit load capacity. Atlas is operated using 5G communications. Android or iOS applications are used when in manual mode, and Wi-Fi in automatic mode.
Triton is a small interface containing the state-of-the-art SLAM (Simultaneous Localization And Mapping) navigation technology greatly enhancing Atlas's functionality while maintaining the cost efficient status for the consumer. Triton provides high precision positioning data to the mobile vehicle. It is able to directly and effectively interact with Atlas's communication applications allowing it to move throughout facilities and warehouses seamlessly.
"We are very excited about implementing SLAM technology into the Atlas mobile robot in a manner that is cost effective for the customer," said Parsh Patel, CEO of RGGI. "Atlas is not only a robust vehicle built to last and move heavy loads with ease throughout facilities, but will utilize the advanced SLAM technology that will only add to its effectiveness and efficiency."
Resgreen has been commissioned by Wolter Group in providing two Atlas vehicles to be integrated mid-2021. The two vehicles will be outfitted with the advanced Triton units.
Read the full article here.
Your No. 5 Potential RGGI Catalyst - Announcement Of Two Recent Hires
Resgreen Group Announces New Hires Including Director of Digital Marketing & Manufacturing Manager.
SHELBY TOWNSHIP, Mich., June 9, 2021 /PRNewswire/ -- Resgreen Group International (OTCPINK: RGGI), a leading mobile robot company, announced today the hiring of several new employees to meet increasing demands due to company growth.
Carrie DiBattista has accepted a position as Director of Digital Marketing. She will oversee and direct the RGGI marketing team's promotion and advertising efforts to drive sales and build brand awareness. A graduate of Wayne State University with a Bachelor of Science in Marketing, Mrs. DiBattista is also an accomplished photographer.
Isaac Hammons has been slated to fulfill the role of Manufacturing Manager in early July of 2021 at the new facility located in Shelby Township, Michigan. In addition, a production team has been assembled to streamline the process and meet increasing demands.
"We are delighted and eager as a company to continually grow our team of incredibly talented members," said Parsh Patel, CEO of Resgreen Group International. "We are extremely excited to have attracted and acquired team members with the drive and ability to strengthen and build the company's rising success."
Read the full article here.
RGGI Recap: Top 5 Potential Breakout Catalysts
#1. Oversold Leaning Technicals + Reversal Potential
#2. Expanding Sales & Marketing Into Major Industry
#3. Launching Of New AMR
#4. Acquisition Of Navigation Tech Company
#5. Announcement Of Two Recent Hires
Coverage is officially initiated on RGGI. While you have time, do this now: