AYRO INC (AYRO) Stock Technical Analysis
NASDAQ:AYRO - Nasdaq - US0547482077 - Common Stock - Currency: USD
Taking everything into account, AYRO scores 2 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. AYRO was also a bad performer in the overall market in the last year.
93% of all other stocks performed better in the past year than AYRO.
AYRO is one of the lesser performing stocks in the Automobiles industry. 83% of 37 stocks in the same industry do better.
AYRO 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.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
In the last month AYRO has a been trading in the 5.87 - 8.90 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of AYRO 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
6.03
11.17
When analyzing the support we notice one important area.
- A support zone ranging from 6.09 to 6.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
5 important resistance areas can be observed.
- A resistance zone ranging from 7.14 to 7.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 7.47 to 7.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @7.95 from a horizontal line in the daily time frame.
- Resistance @8.11 from a horizontal line in the daily time frame.
- Resistance @11.06 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 AYRO is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AYRO is up. |
| ChartMill Relative Strength | 7.21 | NEGATIVE | AYRO has a low relative strength, it was outperformed by 92.79% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AYRO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of AYRO is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of AYRO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.6 | NEUTRAL | The RSI value for AYRO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests AYRO has a positive trend. |
| Stochastics (14,3) | 53.5 | NEUTRAL | The Stochastics value for AYRO is a neutral value. |
| Average True Range in percent/ATR (20) | 9.29 | HIGH VOLATILITY | The high ATR as a percentage value for AYRO suggests high volalility. |
| Average Directional Index/ADX (14) | 22.27 | NEUTRAL | The ADX value for AYRO 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)
7.1
-0.05 (-0.7%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobiles
Performance
% Chg-0.7%
1 Week7.58%
2 Weeks3.69%
1 Month3.2%
3 Month-12.75%
6 Month-33.27%
12 Month-40.4%
2 Year-93.4%
3 Year-93.93%
5 Year-98.71%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.41
ATR(20)%9.29%
ATR Inc-70.89%
Range Today0.18
ADR(20)0.65
ADR(20)%9.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS7.21
Mansfield-3.58
10 Day High7.2
10 Day Low5.87
20 Day High8.9
20 Day Low5.87
52 Week High15.28
52 Week Low5.17
CS1 End6.25
CR1 Start7.14
Volume & EV
DER(3)5.85%
DER(5)2.82%
Volume23.50K
Volume Incr-93.7%
Vol(5)17.72K
Vol(50)255.62K