RAYTECH HOLDING LTD (RAY) Stock Technical Analysis
NASDAQ:RAY - Nasdaq - VGG7385S1011 - Common Stock - Currency: USD
Taking everything into account, RAY scores 5 out of 10 in our technical rating. RAY has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
RAY is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so RAY is lagging the market.
RAY is part of the Distributors industry. There are 18 other stocks in this industry. RAY outperforms 88% of them.
RAY has an average volume of 2135420 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When comparing the performance of all stocks over the past year, RAY turns out to be only a medium performer in the overall market: it outperformed 41% of all stocks.
In the last month RAY has a been trading in the 0.89 - 2.88 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 has an average technical rating and it also does not offer a high 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
1.01
2.07
When analyzing the support we can see 3 important areas.
- Support @1.84 from a horizontal line in the daily time frame.
- A support zone ranging from 1.77 to 1.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.02 from a trend line 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 | NEUTRAL | NEUTRAL | The long term trend for RAY is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RAY is neutral. |
| ChartMill Relative Strength | 41.28 | NEUTRAL | RAY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of RAY is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RAY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of RAY is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.12 | NEUTRAL | The RSI value for RAY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests RAY has a positive trend. |
| Stochastics (14,3) | 58.33 | NEUTRAL | The Stochastics value for RAY is a neutral value. |
| Average True Range in percent/ATR (20) | 19.25 | HIGH VOLATILITY | The high ATR as a percentage value for RAY suggests high volalility. |
| Average Directional Index/ADX (14) | 20.16 | NEUTRAL | The ADX value for RAY 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)
NASDAQ:RAY (5/22/2025, 9:49:10 AM)
2.045
+0.24 (+13.61%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryDistributors
Performance
% Chg13.61%
1 Week5.26%
2 Weeks74.76%
1 Month-37.72%
3 Month50%
6 Month20.81%
12 Month-56.71%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.29
ATR(20)%19.25%
ATR Inc-58.16%
Range Today0.23
ADR(20)0.34
ADR(20)%16.51%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS41.28
Mansfield-1.22
10 Day High1.9
10 Day Low0.91
20 Day High2.88
20 Day Low0.89
52 Week High4.64
52 Week Low0.86
CS1 End1.79
CR1 Start1.84
Volume & EV
DER(3)-7.35%
DER(5)-5.79%
Volume1.50M
Volume Incr-40.18%
Vol(5)1.18M
Vol(50)2.14M