Ayr Strategies Inc. (AYR-A.CA) Stock Technical Analysis
Canada - Canadian Securities Exchange - CNSX:AYR-A -
Overall AYR-A gets a technical rating of 6 out of 10. AYR-A was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- In the last month AYR-A has a been trading in the 34.24 - 45.45 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.
- Looking at the yearly performance, AYR-A did better than 88% of all other stocks. On top of that, AYR-A also shows a nice and consistent pattern of rising prices.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- AYR-A is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so AYR-A is lagging the market.
- Considerably lower volume is observed in the last couple of days.
AYR-A 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
34.17
When analyzing the support we notice one important area.
- A support zone ranging from 34.52 to 34.52. 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 37.30 to 37.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @43.09 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 | UP | POSITIVE | The long term trend for AYR-A.CA is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AYR-A.CA is down. |
| ChartMill Relative Strength | 88.21 | POSITIVE | AYR-A.CA has a high relative strength, it outperformed 88.21% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AYR-A.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of AYR-A.CA is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AYR-A.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 34.78 | NEUTRAL | The RSI value for AYR-A.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.52 | NEGATIVE | The MACD value suggests AYR-A.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 4.7 | OVERSOLD | The low Stochastics value suggests AYR-A.CA may be oversold. |
| Average True Range in percent/ATR (20) | 7.72 | HIGH VOLATILITY | The high ATR as a percentage value for AYR-A.CA suggests high volalility. |
CNSX:AYR-A (4/8/2021, 8:01:21 PM)
34.53
-0.07 (-0.2%)
Ayr Strategies Inc. / AYR-A.CA FAQ
Can you provide the ChartMill technical rating for Ayr Strategies Inc.?
ChartMill assigns a technical rating of 5 / 10 to AYR-A.CA.
Can you provide the trend direction for Ayr Strategies Inc.?
The current trend direction for Ayr Strategies Inc. (AYR-A.CA) is Bullish.
What is the RSI signal for Ayr Strategies Inc. (AYR-A.CA) stock?
Ayr Strategies Inc. (AYR-A.CA) has an RSI value of 34.7792. This indicates that the stock is currently neutral.
What is the MACD signal for AYR-A stock?
The MACD indicator for Ayr Strategies Inc. (AYR-A.CA) has a value of -0.515245, indicating a bearish trend.
Can you provide the buy/sell signal for Ayr Strategies Inc.?
The buy/sell signal for Ayr Strategies Inc. (AYR-A.CA) is hold as the short term and long term trends are mixed.