Overall RAY gets a technical rating of 0 out of 10. RAY scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, RAY does present a nice setup opportunity. Prices have been consolidating lately. We notice that large players showed an interest for RAY in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
1.56
We found 1 important support area.
- Support @1.58 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 1.71 to 1.72. This zone is formed by a combination of multiple trend lines and important moving averages 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 RAY is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RAY is down. |
| ChartMill Relative Strength | 0.52 | NEGATIVE | RAY has a low relative strength, it was outperformed by 99.48% off all stocks 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) | 29.42 | OVERSOLD | The low RSI value suggests RAY may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests RAY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 24.39 | NEUTRAL | The Stochastics value for RAY is a neutral value. |
| Average True Range in percent/ATR (20) | 8.14 | HIGH VOLATILITY | The high ATR as a percentage value for RAY suggests high volalility. |
| Average Directional Index/ADX (14) | 36.01 | POSITIVE | The high ADX value value for RAY suggests a strong trend. |
1.64
-0.01 (-0.61%)
RAYTECH HOLDING LTD / RAY FAQ
What is the technical rating for RAY stock?
ChartMill assigns a technical rating of 0 / 10 to RAY.
What is the current trend direction of RAYTECH HOLDING LTD (RAY) stock?
The current trend direction for RAYTECH HOLDING LTD (RAY) is Bearish.
Can you provide the RSI signal for RAYTECH HOLDING LTD?
RAYTECH HOLDING LTD (RAY) has an RSI value of 29.4178. This indicates that the stock is currently oversold.
Can you provide the short term momentum for RAYTECH HOLDING LTD?
The short term momentum for RAYTECH HOLDING LTD (RAY) is negative.
What is the buy/sell signal for RAY stock?
The buy/sell signal for RAYTECH HOLDING LTD (RAY) is sell as both the short term and long term trends are negative.