STINGRAY GROUP -VARIABLE S (RAY-B.CA) Stock Technical Analysis
Canada - TSX:RAY-B - CA86084H2090 - Common Stock
10.02 CAD
-0.06 (-0.6%)
Overall RAY-B gets a technical rating of 10 out of 10. 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.
In the last month RAY-B has a been trading in the 9.75 - 11.05 range, which is quite wide. It is currently trading near the lows of this range.
Warning: RAY-B has an average volume of 884 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that RAY-B is one of the better performing stocks in the market, outperforming 78% of all stocks. On top of that, RAY-B also shows a nice and consistent pattern of rising prices.
RAY-B is one of the better performing stocks in the Media industry, it outperforms 76% of 14 stocks in the same industry.
RAY-B is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
Besides having an excellent technical rating, RAY-B also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 10.01, a Stop Loss order could be placed below this zone.
More info and screens
7.19
10.43
4 important support areas can be observed.
- A support zone ranging from 10.00 to 10.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.53 from a trend line in the daily time frame.
- Support @7.94 from a trend line in the weekly time frame.
- A support zone ranging from 7.26 to 7.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 10.14 to 10.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | UP | POSITIVE | The short term trend for RAY-B.CA is up. |
| ChartMill Relative Strength | 78.3 | POSITIVE | RAY-B.CA has a high relative strength, it outperformed 78.3% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of RAY-B.CA is below 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) | 54.03 | NEUTRAL | The RSI value for RAY-B.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests RAY-B.CA has a negative trend. |
| Stochastics (14,3) | 12.64 | OVERSOLD | The low Stochastics value suggests RAY-B.CA may be oversold. |
| Average True Range in percent/ATR (20) | 2.44 | MEDIUM VOLATILITY | The ATR as a percentage value for RAY-B.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 20.37 | NEUTRAL | The ADX value for RAY-B.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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 10.34 | 9.99 | 0.35 (3.38%) | 25.00% |
| An entry @10.34. This is a Buy Stop order right above the resistance zone. | An exit @9.99. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.35 points, which is 3.38%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.85%. |
- The distance between exit and entry is rather small compared to the average daily movement of RAY-B. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX:RAY-B (9/18/2025, 7:00:00 PM)
10.02
-0.06 (-0.6%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg-0.6%
1 Week-1.28%
2 Weeks-1.18%
1 Month5.14%
3 Month27%
6 Month32.02%
12 Month45.22%
2 Year102.42%
3 Year82.18%
5 Year70.12%
10 Year38.59%
15 YearN/A
Volatility
ATR(14)0.27
ATR(20)%2.44%
ATR Inc-75.99%
Range Today0
ADR(20)0.05
ADR(20)%0.51%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.3
Mansfield0.59
10 Day High11.05
10 Day Low9.89
20 Day High11.05
20 Day Low9.75
52 Week High11.05
52 Week Low0
CS1 End10.01
CR1 Start10.14
Volume & EV
DER(3)-689.04%
DER(5)-447.46%
Volume1.00K
Volume Incr-2.9%
Vol(5)980.2
Vol(50)884.94