RAYTECH HOLDING LTD (RAY) Technical Analysis
NASDAQ:RAY • VGG7385S1193
Current stock price
RAY Technical Rating and Analysis
Taking everything into account, RAY scores 2 out of 10 in our technical rating. RAY has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- RAY is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so RAY is lagging the market.
- Warning: RAY has an average volume of 29924 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- RAY is part of the Distributors industry. There are 24 other stocks in this industry. RAY outperforms 73% of them.
- When compared to the yearly performance of all other stocks, RAY outperforms 40% of them, which is more or less in line with the market.
- In the last month RAY has a been trading in the 3.35 - 4.74 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
RAY Weekly and Daily overview Charts
RAY Setup Rating and Analysis
The technical rating of RAY is bad and it also does not present a quality setup 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
RAY Support and Resistance Analysis
3.41
2 important support areas can be observed.
- Support @3.76 from a horizontal line in the weekly time frame.
- Support @3.44 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 3.94 to 4.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @4.59 from a trend line in the daily time frame.
RAY 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 RAY is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RAY is neutral. |
| ChartMill Relative Strength | 40.57 | NEUTRAL | RAY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RAY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RAY is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RAY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.04 | NEUTRAL | The RSI value for RAY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests RAY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 44.85 | NEUTRAL | The Stochastics value for RAY is a neutral value. |
| Average True Range in percent/ATR (20) | 6.89 | HIGH VOLATILITY | The high ATR as a percentage value for RAY suggests high volalility. |
| Average Directional Index/ADX (14) | 20.14 | NEUTRAL | The ADX value for RAY suggests a possible start of a new trend. |
RAY Chart- and CandleStick Pattern Analysis
RAY Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:RAY (4/2/2026, 8:00:01 PM)
3.93
-0.01 (-0.25%)
RAYTECH HOLDING LTD / RAY TA FAQ
Can you provide the ChartMill technical rating for RAYTECH HOLDING LTD?
ChartMill assigns a technical rating of 2 / 10 to RAY.
Can you provide the trend direction for RAYTECH HOLDING LTD?
The current trend direction for RAYTECH HOLDING LTD (RAY) is Bearish.
What is the RSI signal for RAY stock?
RAYTECH HOLDING LTD (RAY) has an RSI value of 49.0369. This indicates that the stock is currently neutral.
Can you provide the MACD signal for RAYTECH HOLDING LTD?
The MACD indicator for RAYTECH HOLDING LTD (RAY) has a value of -0.0298177, indicating a bearish trend.
Can you provide the short term momentum for RAYTECH HOLDING LTD?
The short term momentum for RAYTECH HOLDING LTD (RAY) is neutral.