Taking everything into account, RAYA scores 2 out of 10 in our technical rating. In the past year, RAYA was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
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.
More info and screens
4.69
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 | NEUTRAL | NEUTRAL | The short term trend for RAYA is neutral. |
| ChartMill Relative Strength | 1.1 | NEGATIVE | RAYA has a low relative strength, it was outperformed by 98.9% 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) | UP | POSITIVE | The current price of RAYA is above the rising 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) | 50.51 | NEUTRAL | The RSI value for RAYA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.35 | POSITIVE | The MACD value suggests RAYA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.49 | OVERBOUGHT | The high Stochastics value suggests RAYA may be overbought. |
| Average True Range in percent/ATR (20) | 9.51 | HIGH VOLATILITY | The high ATR as a percentage value for RAYA suggests high volalility. |
| Average Directional Index/ADX (14) | 25.58 | POSITIVE | The high ADX value value for RAYA suggests a strong trend. |
4.74
-0.46 (-8.85%)
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 2 / 10 to RAYA.
What is the trend direction for RAYA stock?
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 50.5059. This indicates that the stock is currently neutral.
What is the MACD signal for ERAYAK POWER SOLUTION GRP-A (RAYA) stock?
The MACD indicator for ERAYAK POWER SOLUTION GRP-A (RAYA) has a value of 0.35409, indicating a bearish trend.
What is the short term momentum for RAYA stock?
The short term momentum for ERAYAK POWER SOLUTION GRP-A (RAYA) is neutral.