Taking everything into account, RAYA scores 0 out of 10 in our technical rating. 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.
RAYA has a poor technical rating and the quality of the setup is also only medium at the moment. We see reduced volatility while prices have been consolidating in the most recent period.
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3.68
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 4.01 to 4.05. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @5.04 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 | 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 | 2.34 | NEGATIVE | RAYA has a low relative strength, it was outperformed by 97.66% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RAYA is below a declining 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) | 42.36 | NEUTRAL | The RSI value for RAYA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests RAYA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 32.15 | NEUTRAL | The Stochastics value for RAYA is a neutral value. |
| Average True Range in percent/ATR (20) | 9.96 | HIGH VOLATILITY | The high ATR as a percentage value for RAYA suggests high volalility. |
| Average Directional Index/ADX (14) | 20.66 | NEUTRAL | The ADX value for RAYA suggests a possible start of a new trend. |
3.72
+0.06 (+1.64%)
ERAYAK POWER SOLUTION GRP-A / RAYA FAQ
What is the ChartMill technical rating of ERAYAK POWER SOLUTION GRP-A (RAYA) stock?
ChartMill assigns a technical rating of 0 / 10 to RAYA.
Can you provide the trend direction for ERAYAK POWER SOLUTION GRP-A?
The current trend direction for ERAYAK POWER SOLUTION GRP-A (RAYA) is Bearish.
What is the RSI signal for ERAYAK POWER SOLUTION GRP-A (RAYA) stock?
ERAYAK POWER SOLUTION GRP-A (RAYA) has an RSI value of 42.3617. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for ERAYAK POWER SOLUTION GRP-A?
The buy/sell signal for ERAYAK POWER SOLUTION GRP-A (RAYA) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for ERAYAK POWER SOLUTION GRP-A?
ERAYAK POWER SOLUTION GRP-A (RAYA) has a resistance level at 4.01. Check the full technical report for our detailed analysis of RAYA support and resistance levels.