RAYA Technical Analysis - ERAYAK POWER SOLUTION GRP-A

Technical Rating and Analysis

Overall RAYA gets a technical rating of 1 out of 10. RAYA's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

When comparing the yearly performance of all stocks, RAYA is a bad performer in the overall market: 100% of all stocks are doing better.

RAYA is one of the lesser performing stocks in the Electrical Equipment industry. 93% of 92 stocks in the same industry do better.

RAYA is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

RAYA has an average volume of 78393200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

In the last month RAYA has a been trading in the 0.03 - 0.08 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ERAYAK POWER SOLUTION GRP-A / RAYA Weekly stock chart

ERAYAK POWER SOLUTION GRP-A / RAYA Daily stock chart

Setup Rating and Analysis

The technical rating of RAYA is bad and it also does not present a 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.06

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Technical Indicator Signal Analysis

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 RAYA is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for RAYA is down.
ChartMill Relative Strength	0.08	NEGATIVE	RAYA has a low relative strength, it was outperformed by 99.92% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of RAYA is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of RAYA is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of RAYA is below a declining SMA(200).
Relative Strength Index/RSI (14)	34.81	NEUTRAL	The RSI value for RAYA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.04	POSITIVE	The MACD value suggests RAYA has a positive trend, although the MACD value is declining.
Stochastics (14,3)	72.61	NEUTRAL	The Stochastics value for RAYA is a neutral value.
Average True Range in percent/ATR (20)	13.69	HIGH VOLATILITY	The high ATR as a percentage value for RAYA suggests high volalility.
Average Directional Index/ADX (14)	42.14	POSITIVE	The high ADX value value for RAYA suggests a strong trend.