Cloopen Group Holding Limited (RAAS) Technical Analysis
NYSE:RAAS • US18900M2035
Current stock price
RAAS Technical Rating and Analysis
Taking everything into account, RAAS scores 0 out of 10 in our technical rating. 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, RAAS is a bad performer in the overall market: 93% of all stocks are doing better.
- RAAS is part of the Software industry. There are 272 other stocks in this industry, of which 71% are performing better than RAAS.
- RAAS is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
- In the last month RAAS has a been trading in the 1.11 - 1.60 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.
RAAS Weekly and Daily overview Charts
RAAS Setup Rating and Analysis
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
RAAS Support and Resistance Analysis
1.12
We found 1 important resistance area.
- Resistance @1.71 from a trend line in the daily time frame.
RAAS 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 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. |
RAAS Chart- and CandleStick Pattern Analysis
RAAS Technicals: Chart, Performance Metrics, Trend & Indicators
1.13
-0.02 (-1.74%)
Cloopen Group Holding Limited / RAAS TA FAQ
What is the technical rating for RAAS stock?
ChartMill assigns a technical rating of 0 / 10 to RAAS.
What is the trend direction for RAAS stock?
The current trend direction for Cloopen Group Holding Limited (RAAS) is Bearish.
Can you provide the RSI signal for Cloopen Group Holding Limited?
Cloopen Group Holding Limited (RAAS) has an RSI value of 35.0482. This indicates that the stock is currently neutral.
What is the short term momentum for Cloopen Group Holding Limited (RAAS) stock?
The short term momentum for Cloopen Group Holding Limited (RAAS) is negative.
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.