ACCURAY INC (ARAY) Technical Analysis
NASDAQ:ARAY • US0043971052
Overall ARAY gets a technical rating of 0 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 negative, as is the long term trend. There should be more interesting stocks out there.
- 98% of all other stocks performed better in the past year than ARAY.
- ARAY is part of the Health Care Equipment & Supplies industry. There are 184 other stocks in this industry, of which 85% are performing better than ARAY.
- ARAY is currently making a new 52 week low. This is a very bad signal. 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 0.47 - 0.63 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 a poor technical rating and the quality of the setup is also not perfect 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
0.49
2 important resistance areas can be observed.
- Resistance @0.49 from a trend line in the daily time frame.
- Resistance @0.51 from a trend line in the daily 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 | 2.7 | NEGATIVE | ARAY has a low relative strength, it was outperformed by 97.3% 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) | 29.29 | 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) | 11.24 | OVERSOLD | The low Stochastics value suggests ARAY may be oversold. |
| Average True Range in percent/ATR (20) | 9.34 | HIGH VOLATILITY | The high ATR as a percentage value for ARAY suggests high volalility. |
| Average Directional Index/ADX (14) | 42.33 | POSITIVE | The high ADX value value for ARAY suggests a strong trend. |
ARAY Technicals: Chart, Performance Metrics, Trend & Indicators
0.4906
+0 (+0.06%)
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 29.2924. 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 0.49. Check the full technical report for our detailed analysis of ARAY support and resistance levels.