ACCURAY INC (ARAY) Stock Technical Analysis
NASDAQ:ARAY - US0043971052 - Common Stock
1.56 USD
-0.01 (-0.64%)
1.56 USD
0 (0%)
We assign a technical rating of 5 out of 10 to ARAY. Recently some decent action could be observed, but in the medium term time frame this is still negative. ARAY was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, ARAY is a bad performer in the overall market: 87% of all stocks are doing better.
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.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
ARAY is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
ARAY is part of the Health Care Equipment & Supplies industry. There are 185 other stocks in this industry, ARAY did better than 42% of them.
ARAY has an average technical rating and the quality of the presented setup is also not ideal 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
1.30
2.17
When analyzing the support we can see 2 important areas.
- A support zone ranging from 1.54 to 1.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.31 to 1.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 1.60 to 1.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.63 from a horizontal line in the daily time frame.
- Resistance @2.15 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 | NEUTRAL | NEUTRAL | The long term trend for ARAY is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ARAY is up. |
| ChartMill Relative Strength | 13.8 | NEGATIVE | ARAY has a low relative strength, it was outperformed by 86.2% 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) | UP | POSITIVE | The current price of ARAY is above the rising 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) | 59.35 | NEUTRAL | The RSI value for ARAY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ARAY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.14 | NEUTRAL | The Stochastics value for ARAY is a neutral value. |
| Average True Range in percent/ATR (20) | 4.53 | MEDIUM VOLATILITY | The ATR as a percentage value for ARAY suggests some volalility. |
| Average Directional Index/ADX (14) | 23.95 | NEUTRAL | The ADX value for ARAY suggests a possible start of a new 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)
1.56
-0.01 (-0.64%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-0.64%
1 Week0%
2 Weeks6.85%
1 Month19.08%
3 Month1.96%
6 Month-22.39%
12 Month-28.44%
2 Year-45.26%
3 Year-34.45%
5 Year-33.05%
10 Year-77.36%
15 Year-76.29%
Volatility
ATR(14)0.08
ATR(20)%4.53%
ATR Inc-53.69%
Range Today0.04
ADR(20)0.07
ADR(20)%4.47%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.8
Mansfield-1.92
10 Day High1.64
10 Day Low1.38
20 Day High1.64
20 Day Low1.26
52 Week High2.95
52 Week Low1.14
CS1 End1.56
CR1 Start1.6
Volume & EV
DER(3)-2.61%
DER(5)-4.36%
Volume568.90K
Volume Incr-31.24%
Vol(5)584.02K
Vol(50)802.16K