RAYTECH HOLDING LTD (RAY) Stock Technical Analysis
NASDAQ:RAY - VGG7385S1011 - Common Stock
2.6401 USD
-0.49 (-15.65%)
We assign a technical rating of 7 out of 10 to RAY. In the last year, RAY was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
RAY is one of the better performing stocks in the Distributors industry, it outperforms 89% of 20 stocks in the same industry.
RAY is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month RAY has a been trading in the 1.85 - 3.42 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.
RAY has an average volume of 3712960 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When comparing the yearly performance of all stocks, we notice that RAY is one of the better performing stocks in the market, outperforming 90% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
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 has an excellent technical rating, it 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
2.61
3.17
We found 1 important resistance area.
- A resistance zone ranging from 3.12 to 3.14. This zone is formed by a combination of multiple trend lines 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 | 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 | 90.27 | POSITIVE | RAY has a high relative strength, it outperformed 90.27% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of RAY is below the rising 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) | UP | POSITIVE | The current price of RAY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.19 | NEUTRAL | The RSI value for RAY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests RAY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 50.93 | NEUTRAL | The Stochastics value for RAY is a neutral value. |
| Average True Range in percent/ATR (20) | 9.54 | HIGH VOLATILITY | The high ATR as a percentage value for RAY suggests high volalility. |
| Average Directional Index/ADX (14) | 26.32 | POSITIVE | The high ADX value value for RAY suggests a strong 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 (8/26/2025, 1:23:08 PM)
2.6401
-0.49 (-15.65%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryDistributors
Performance
% Chg-15.65%
1 Week6.1%
2 Weeks14.23%
1 Month23.23%
3 Month18.11%
6 Month202.42%
12 Month63.02%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.34
ATR(20)%9.54%
ATR Inc325.33%
Range Today1.26
ADR(20)0.29
ADR(20)%11.12%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.27
Mansfield6.72
10 Day High3.42
10 Day Low1.85
20 Day High3.42
20 Day Low1.85
52 Week High3.42
52 Week Low0.86
CS1 EndN/A
CR1 StartN/A
Volume & EV
DER(3)-5.85%
DER(5)-7.95%
Volume14.87M
Volume Incr268.09%
Vol(5)15.24M
Vol(50)3.71M