RAYTECH HOLDING LTD (RAY) Stock Technical Analysis
NASDAQ:RAY - Nasdaq - VGG7385S1011 - Common Stock - Currency: USD
Overall RAY gets a technical rating of 4 out of 10. In the last year, RAY was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
When comparing the yearly performance of all stocks, RAY is a bad performer in the overall market: 95% of all stocks are doing better.
RAY is part of the Distributors industry. There are 19 other stocks in this industry, of which 61% are performing better than RAY.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month RAY has a been trading in the 1.02 - 1.97 range, which is quite wide. It is currently trading near the high of this range.
RAY has an average volume of 1342300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
RAY has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
1.06
2.92
When analyzing the support we notice one important area.
- Support @1.07 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @2.43 from a trend line in the weekly time frame.
- Resistance @2.89 from a horizontal 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 | UP | POSITIVE | The short term trend for RAY is up. |
| ChartMill Relative Strength | 5.27 | NEGATIVE | RAY has a low relative strength, it was outperformed by 94.73% 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) | DOWN | MIXED | The current price of RAY is above a declining 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) | 65.37 | NEUTRAL | The RSI value for RAY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests RAY has a positive trend. |
| Stochastics (14,3) | 94.53 | OVERBOUGHT | The high Stochastics value suggests RAY may be overbought. |
| Average True Range in percent/ATR (20) | 6.47 | HIGH VOLATILITY | The high ATR as a percentage value for RAY suggests high volalility. |
| Average Directional Index/ADX (14) | 16.83 | NEGATIVE | The low ADX value for RAY suggests a weak or negative 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)
1.89
+0.13 (+7.39%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryDistributors
Performance
% Chg7.39%
1 Week38.46%
2 Weeks75%
1 Month47.66%
3 Month-27.86%
6 Month40%
12 Month-38.44%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%6.47%
ATR Inc191.57%
Range Today0.26
ADR(20)0.12
ADR(20)%6.37%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5.27
Mansfield0.19
10 Day High1.97
10 Day Low1.02
20 Day High1.97
20 Day Low1.02
52 Week High3.8
52 Week Low0.86
CS1 End1.07
CR1 Start2.43
Volume & EV
DER(3)8.49%
DER(5)0.69%
Volume2.46M
Volume Incr404.44%
Vol(5)1.78M
Vol(50)1.34M