AYRO INC (AYRO) Stock Technical Analysis
NASDAQ:AYRO - Nasdaq - US0547482077 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to AYRO. 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. 86% 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.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
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.
Considerably lower volume is observed in the last couple of days.
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
We found 1 important support 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.
We can see 6 important resistance areas.
- A resistance zone ranging from 7.13 to 7.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @7.44 from a trend line in the daily time frame.
- Resistance @7.57 from a horizontal line in the weekly time frame.
- 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 | 7.11 | NEGATIVE | AYRO has a low relative strength, it was outperformed by 92.89% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of AYRO is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AYRO is above the rising 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) | 53.41 | 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) | 69.86 | NEUTRAL | The Stochastics value for AYRO is a neutral value. |
| Average True Range in percent/ATR (20) | 8.5 | HIGH VOLATILITY | The high ATR as a percentage value for AYRO suggests high volalility. |
| Average Directional Index/ADX (14) | 21.81 | 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)
7.04
-0.06 (-0.85%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobiles
Performance
% Chg-0.85%
1 Week5.39%
2 Weeks7.98%
1 Month-7.84%
3 Month-13.49%
6 Month-33.83%
12 Month-40.91%
2 Year-93.45%
3 Year-93.98%
5 Year-98.72%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.38
ATR(20)%8.5%
ATR Inc-67.64%
Range Today0.18
ADR(20)0.59
ADR(20)%8.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS7.11
Mansfield-3.66
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 Start7.13
Volume & EV
DER(3)-17.41%
DER(5)-6.24%
Volume7.00K
Volume Incr-93.98%
Vol(5)15.52K
Vol(50)226.20K