Overall ARAY gets a technical rating of 0 out of 10. ARAY's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 96% of all other stocks performed better in the past year than ARAY.
- ARAY is one of the lesser performing stocks in the Health Care Equipment & Supplies industry. 80% of 186 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. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- ARAY has an average volume of 1040140 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month ARAY has a been trading in the 0.78 - 0.93 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- 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 support zone below the current price at 0.81, a Stop Loss order could be placed below this zone.
More info and screens
0.79
When analyzing the support we notice one important area.
- A support zone ranging from 0.80 to 0.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 0.89 to 0.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.49 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 | DOWN | NEGATIVE | The short term trend for ARAY is down. |
| ChartMill Relative Strength | 4 | NEGATIVE | ARAY has a low relative strength, it was outperformed by 96% 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) | 37.19 | NEUTRAL | The RSI value for ARAY is a neutral value. |
| 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) | 20.24 | NEUTRAL | The Stochastics value for ARAY is a neutral value. |
| Average True Range in percent/ATR (20) | 5.79 | HIGH VOLATILITY | The high ATR as a percentage value for ARAY suggests high volalility. |
| Average Directional Index/ADX (14) | 28.41 | POSITIVE | The high ADX value value for ARAY suggests a strong trend. |
0.8158
-0.01 (-1.7%)
ACCURAY INC / ARAY 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 37.1874. This indicates that the stock is currently neutral.
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 support level at 0.81 and a resistance level at 0.89. Check the full technical report for our detailed analysis of ARAY support and resistance levels.