Cloopen Group Holding Limited (RAAS) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:RAAS - US18900M2035 - ADR
Overall RAAS gets a technical rating of 0 out of 10. RAAS's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
RAAS has a poor technical rating and the quality of the setup is also only medium 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
1.12
When analyzing the resistance we notice one important area.
- Resistance @1.71 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 RAAS is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RAAS is down. |
| ChartMill Relative Strength | 7.57 | NEGATIVE | RAAS has a low relative strength, it was outperformed by 92.43% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RAAS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RAAS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RAAS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 35.05 | NEUTRAL | The RSI value for RAAS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests RAAS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 8.27 | OVERSOLD | The low Stochastics value suggests RAAS may be oversold. |
| Average True Range in percent/ATR (20) | 10.81 | HIGH VOLATILITY | The high ATR as a percentage value for RAAS suggests high volalility. |
| Average Directional Index/ADX (14) | 20.4 | NEUTRAL | The ADX value for RAAS suggests a possible start of a new trend. |
1.13
-0.02 (-1.74%)
Cloopen Group Holding Limited / RAAS FAQ
What is the technical rating for RAAS stock?
ChartMill assigns a technical rating of 0 / 10 to RAAS.
Can you provide the trend direction for Cloopen Group Holding Limited?
The current trend direction for Cloopen Group Holding Limited (RAAS) is Bearish.
What is the RSI signal for Cloopen Group Holding Limited (RAAS) stock?
Cloopen Group Holding Limited (RAAS) has an RSI value of 35.0482. This indicates that the stock is currently neutral.
What is the MACD signal for Cloopen Group Holding Limited (RAAS) stock?
The MACD indicator for Cloopen Group Holding Limited (RAAS) has a value of 0.000538722, indicating a bearish trend.
What is the support and resistance level for RAAS stock?
Cloopen Group Holding Limited (RAAS) has a resistance level at 1.71. Check the full technical report for our detailed analysis of RAAS support and resistance levels.