ACCURAY INC (ARAY) Stock Technical Analysis
NASDAQ:ARAY - Nasdaq - US0043971052 - Common Stock - Currency: USD
Overall ARAY gets a technical rating of 1 out of 10. ARAY scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
91% of all other stocks performed better in the past year than ARAY.
ARAY is part of the Health Care Equipment & Supplies industry. There are 187 other stocks in this industry, of which 66% are performing better than ARAY.
ARAY is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month ARAY has a been trading in the 1.21 - 1.45 range, which is quite wide. It is currently trading near the high of this range.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, ARAY does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 1.42. Right above this resistance zone may be a good entry point.
More info and screens
1.35
2.23
We can see 4 important resistance areas.
- A resistance zone ranging from 1.42 to 1.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.60 from a trend line in the daily time frame.
- Resistance @1.91 from a horizontal line in the daily time frame.
- Resistance @2.21 from a trend line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for ARAY is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ARAY is neutral. |
| ChartMill Relative Strength | 9.62 | NEGATIVE | ARAY has a low relative strength, it was outperformed by 90.38% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ARAY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ARAY is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ARAY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.78 | NEUTRAL | The RSI value for ARAY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests ARAY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.64 | NEUTRAL | The Stochastics value for ARAY is a neutral value. |
| Average True Range in percent/ATR (20) | 4.14 | MEDIUM VOLATILITY | The ATR as a percentage value for ARAY suggests some volalility. |
| Average Directional Index/ADX (14) | 12.72 | NEGATIVE | The low ADX value for ARAY suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
1.36
-0.05 (-3.55%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-3.55%
1 Week-4.23%
2 Weeks3.03%
1 Month8.8%
3 Month-6.85%
6 Month-36.45%
12 Month-30.96%
2 Year-68.08%
3 Year-35.24%
5 Year-39.01%
10 Year-78.68%
15 Year-79.33%
Volatility
ATR(14)0.06
ATR(20)%4.14%
ATR Inc10.33%
Range Today0.07
ADR(20)0.06
ADR(20)%4.06%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.62
Mansfield-3.08
10 Day High1.45
10 Day Low1.32
20 Day High1.45
20 Day Low1.21
52 Week High2.95
52 Week Low1.14
CS1 EndN/A
CR1 Start1.42
Volume & EV
DER(3)-1.4%
DER(5)-2.46%
Volume431.30K
Volume Incr-52.89%
Vol(5)595.96K
Vol(50)959.53K