STINGRAY GROUP -VARIABLE S (RAY-B.CA) Stock Technical Analysis
TSX:RAY-B - Toronto Stock Exchange - CA86084H2090 - Common Stock - Currency: CAD
Taking everything into account, RAY-B scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, RAY-B has proven to be a steady performer, scoring decent points in every aspect analyzed.
Warning: RAY-B has an average volume of 1026 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, RAY-B did better than 92% of all other stocks. We also observe that the gains produced by RAY-B over the past year are nicely spread over this period.
RAY-B is part of the Media industry. There are 11 other stocks in this industry. RAY-B outperforms 90% of them.
A new 52 week high is currently being made by RAY-B, 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-B has a been trading in the 6.95 - 10.00 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.
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-B has an excellent technical rating, it does not offer a high quality setup 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
4.28
10.10
When analyzing the support we can see 5 important areas.
- A support zone ranging from 8.10 to 8.27. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @7.56 from a trend line in the weekly time frame.
- Support @7.30 from a trend line in the daily time frame.
- Support @7.04 from a trend line in the daily time frame.
- Support @4.32 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 | UP | POSITIVE | The long term trend for RAY-B.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RAY-B.CA is neutral. |
| ChartMill Relative Strength | 92.51 | POSITIVE | RAY-B.CA has a high relative strength, it outperformed 92.51% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RAY-B.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RAY-B.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RAY-B.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.36 | NEUTRAL | The RSI value for RAY-B.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests RAY-B.CA has a positive trend. |
| Stochastics (14,3) | 68.62 | NEUTRAL | The Stochastics value for RAY-B.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 6.09 | HIGH VOLATILITY | The high ATR as a percentage value for RAY-B.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 12.53 | NEGATIVE | The low ADX value for RAY-B.CA suggests a weak or negative 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-B (6/11/2025, 7:00:00 PM)
10
+2.08 (+26.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg26.26%
1 Week35.14%
2 Weeks33.33%
1 Month20.77%
3 Month37.93%
6 Month30.72%
12 Month92.31%
2 Year92.31%
3 Year65.29%
5 Year92.68%
10 Year40.85%
15 YearN/A
Volatility
ATR(14)0.63
ATR(20)%6.09%
ATR Inc114.74%
Range Today0.55
ADR(20)0.14
ADR(20)%1.42%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.51
Mansfield1.92
10 Day High10
10 Day Low6.95
20 Day High10
20 Day Low6.95
52 Week High10
52 Week Low0
CS1 End8.27
CR1 StartN/A
Volume & EV
DER(3)-45.37%
DER(5)-108.47%
Volume5.75K
Volume Incr283.07%
Vol(5)2.53K
Vol(50)1.03K