ACCURAY INC (ARAY) Technical Analysis
NASDAQ:ARAY • US0043971052
Current stock price
ARAY Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to ARAY. 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, ARAY is a bad performer in the overall market: 98% of all stocks are doing better.
- ARAY is one of the lesser performing stocks in the Health Care Equipment & Supplies industry. 85% of 188 stocks in the same industry do better.
- ARAY is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so ARAY is lagging the market.
- In the last month ARAY has a been trading in the 0.33 - 0.55 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- ARAY has an average volume of 1220150 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ARAY Weekly and Daily overview Charts
ARAY Setup Rating and Analysis
The technical rating of ARAY is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
ARAY Support and Resistance Analysis
0.34
We found 1 important resistance area.
- A resistance zone ranging from 0.39 to 0.39. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
ARAY Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The short term trend for ARAY is down. |
| ChartMill Relative Strength | 2.13 | NEGATIVE | ARAY has a low relative strength, it was outperformed by 97.87% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ARAY is below a declining 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) | 29.26 | OVERSOLD | The low RSI value suggests ARAY may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests ARAY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 25.03 | NEUTRAL | The Stochastics value for ARAY is a neutral value. |
| Average True Range in percent/ATR (20) | 12.68 | HIGH VOLATILITY | The high ATR as a percentage value for ARAY suggests high volalility. |
| Average Directional Index/ADX (14) | 47.49 | POSITIVE | The high ADX value value for ARAY suggests a strong trend. |
ARAY Chart- and CandleStick Pattern Analysis
ARAY Technicals: Chart, Performance Metrics, Trend & Indicators
0.3402
-0.06 (-14%)
ACCURAY INC / ARAY TA FAQ
What is the technical rating for ARAY stock?
ChartMill assigns a technical rating of 0 / 10 to ARAY.
What is the trend direction for ARAY stock?
The current trend direction for ACCURAY INC (ARAY) is Bearish.
What is the RSI signal for ACCURAY INC (ARAY) stock?
ACCURAY INC (ARAY) has an RSI value of 29.2638. This indicates that the stock is currently oversold.
What is the short term momentum for ARAY stock?
The short term momentum for ACCURAY INC (ARAY) is negative.
What are the support and resistance levels for ACCURAY INC (ARAY) stock?
ACCURAY INC (ARAY) has a resistance level at 0.39. Check the full technical report for our detailed analysis of ARAY support and resistance levels.