Cloopen Group Holding Limited (RAAS) Stock Technical Analysis
NYSE:RAAS - New York Stock Exchange, Inc. - US18900M2035 - ADR - Currency: USD
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.
93% of all other stocks performed better in the past year than RAAS.
RAAS is one of the lesser performing stocks in the Software industry. 83% of 282 stocks in the same industry do better.
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 has a poor technical rating and the quality of the setup is also not perfect 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
1.73
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. |
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)
1.13
-0.02 (-1.74%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-1.74%
1 Week-9.6%
2 Weeks-22.07%
1 Month-27.56%
3 Month-53.92%
6 Month-58.61%
12 Month-46.27%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.11
ATR(20)%10.81%
ATR Inc-40.55%
Range Today0.08
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS7.57
Mansfield-5.58
10 Day High1.42
10 Day Low1.11
20 Day High1.6
20 Day Low1.11
52 Week High3.96
52 Week Low1.11
CS1 EndN/A
CR1 Start1.71
Volume & EV
DER(3)3.35%
DER(5)1.94%
Volume46.90K
Volume Incr21.19%
Vol(5)70.64K
Vol(50)65.41K