AYRO Technical Analysis - AYRO INC

Technical Rating and Analysis

Overall AYRO gets a technical rating of 2 out of 10. In the past year, AYRO was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.

The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.

When comparing the yearly performance of all stocks, AYRO is a bad performer in the overall market: 89% of all stocks are doing better.

AYRO is part of the Automobiles industry. There are 37 other stocks in this industry, of which 61% are performing better than AYRO.

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.

In the last month AYRO has a been trading in the 5.68 - 8.60 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

AYRO has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. Another positive sign is the recent Pocket Pivot signal.

A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

7.01

10.93

When analyzing the resistance we notice 5 important areas.

Resistance @7.57 from a horizontal line in the weekly time frame.
Resistance @7.93 from a trend line in the daily time frame.
Resistance @8.18 from a trend line in the daily time frame.
Resistance @8.32 from a horizontal line in the daily time frame.
Resistance @10.82 from a trend line in the weekly time frame.

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Support and Resistance indicators

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Technical Indicator Signal Analysis

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	NEUTRAL	NEUTRAL	The short term trend for AYRO is neutral.
ChartMill Relative Strength	11.75	NEGATIVE	AYRO has a low relative strength, it was outperformed by 88.25% 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)	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)	54	NEUTRAL	The RSI value for AYRO is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.01	NEGATIVE	The MACD value suggests AYRO has a negative trend, although the MACD value is rising.
Stochastics (14,3)	26.31	NEUTRAL	The Stochastics value for AYRO is a neutral value.
Average True Range in percent/ATR (20)	11.71	HIGH VOLATILITY	The high ATR as a percentage value for AYRO suggests high volalility.
Average Directional Index/ADX (14)	16.35	NEGATIVE	The low ADX value for AYRO suggests a weak or negative trend.