RAYTECH HOLDING LTD (RAY) Stock Technical Analysis
NASDAQ:RAY - Nasdaq - VGG7385S1011 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to RAY. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, RAY is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
RAY is one of the better performing stocks in the Distributors industry, it outperforms 84% of 20 stocks in the same industry.
In the last month RAY has a been trading in the 1.31 - 2.85 range, which is quite wide. It is currently trading near the high of this range.
RAY has an average volume of 1683150 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that RAY is one of the better performing stocks in the market, outperforming 86% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
RAY is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RAY is lagging the market.
Volume is considerably higher in the last couple of days.
RAY has an excellent technical rating, but the quality of the setup is only medium 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
2.50
2.96
We found 1 important support area.
- Support @2.53 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 2.89 to 2.93. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for RAY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RAY is up. |
| ChartMill Relative Strength | 86.62 | POSITIVE | RAY has a high relative strength, it outperformed 86.62% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RAY is above 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) | 72.53 | OVERBOUGHT | The high RSI value suggests RAY may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests RAY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.02 | OVERBOUGHT | The high Stochastics value suggests RAY may be overbought. |
| Average True Range in percent/ATR (20) | 8.81 | HIGH VOLATILITY | The high ATR as a percentage value for RAY suggests high volalility. |
| Average Directional Index/ADX (14) | 30.67 | 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)
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 |
|---|---|---|---|
| 2.94 | 2.52 | 0.42 (14.29%) | 7.00% |
| An entry @2.94. This is a Buy Stop order right above the resistance zone. | An exit @2.52. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.42 points, which is 14.29%. | For a 1.00% total portfolio risk, you can invest 7.00% of your capital in this trade. |
- 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.
NASDAQ:RAY (8/4/2025, 1:35:01 PM)
2.6
-0.16 (-5.8%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryDistributors
Performance
% Chg-5.8%
1 Week5.34%
2 Weeks18.45%
1 Month102.2%
3 Month71.43%
6 Month130.04%
12 Month-15.47%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.27
ATR(20)%8.81%
ATR Inc0.75%
Range Today0.17
ADR(20)0.24
ADR(20)%9.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.62
Mansfield5.57
10 Day High2.85
10 Day Low2.21
20 Day High2.85
20 Day Low1.31
52 Week High3.48
52 Week Low0.86
CS1 End2.53
CR1 Start2.89
Volume & EV
DER(3)3.01%
DER(5)4.13%
Volume3.18M
Volume Incr167.42%
Vol(5)4.66M
Vol(50)1.68M