STINGRAY GROUP INC (RAY-A.CA) Stock Technical Analysis
TSX:RAY-A - Toronto Stock Exchange - CA86084H1001 - Common Stock - Currency: CAD
Overall RAY-A gets a technical rating of 9 out of 10. RAY-A has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
Warning: RAY-A has an average volume of 20227 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Looking at the yearly performance, RAY-A did better than 80% of all other stocks. We also observe that the gains produced by RAY-A over the past year are nicely spread over this period.
A new 52 week high is currently being made by RAY-A, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month RAY-A has a been trading in the 7.92 - 10.05 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
RAY-A is an average performer in the Media industry, it outperforms 70% of 11 stocks in the same industry.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although RAY-A has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
7.03
9.99
3 important support areas can be observed.
- A support zone ranging from 8.49 to 8.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 7.87 to 7.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.10 from a horizontal 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 | NEUTRAL | NEUTRAL | The long term trend for RAY-A.CA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RAY-A.CA is up. |
| ChartMill Relative Strength | 80.64 | POSITIVE | RAY-A.CA has a high relative strength, it outperformed 80.64% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RAY-A.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RAY-A.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RAY-A.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 74.66 | OVERBOUGHT | The high RSI value suggests RAY-A.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests RAY-A.CA has a positive trend. |
| Stochastics (14,3) | 90.85 | OVERBOUGHT | The high Stochastics value suggests RAY-A.CA may be overbought. |
| Average True Range in percent/ATR (20) | 2.83 | MEDIUM VOLATILITY | The ATR as a percentage value for RAY-A.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 23.51 | NEUTRAL | The ADX value for RAY-A.CA 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)
TSX:RAY-A (6/11/2025, 7:00:00 PM)
9.89
+1.11 (+12.64%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg12.64%
1 Week19.59%
2 Weeks19.88%
1 Month12.64%
3 Month16.08%
6 Month26.79%
12 Month29.79%
2 Year92.04%
3 Year59.52%
5 Year87.67%
10 Year36.41%
15 YearN/A
Volatility
ATR(14)0.34
ATR(20)%2.83%
ATR Inc213.11%
Range Today0.85
ADR(20)0.25
ADR(20)%2.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.64
Mansfield1.7
10 Day High10.05
10 Day Low7.92
20 Day High10.05
20 Day Low7.92
52 Week High10.05
52 Week Low6.76
CS1 End8.68
CR1 StartN/A
Volume & EV
DER(3)0.85%
DER(5)2.25%
Volume155.49K
Volume Incr193.1%
Vol(5)52.19K
Vol(50)20.23K