Global X Solar ETF (RAYS) Stock Technical Analysis
NASDAQ:RAYS - US37960A7019 - ETF
10.09 USD
-0.01 (-0.05%)
Taking everything into account, RAYS scores 8 out of 10 in our technical rating. Although RAYS is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Warning: RAYS has an average volume of 4570 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
RAYS is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
When comparing the performance of all stocks over the past year, RAYS turns out to be only a medium performer in the overall market: it outperformed 69% of all stocks.
RAYS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RAYS is lagging the market.
RAYS 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
8.77
12.32
When analyzing the support we can see 3 important areas.
- A support zone ranging from 9.23 to 9.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @9.05 from a horizontal line in the daily time frame.
- Support @8.86 from a trend line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 10.13 to 10.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @10.39 from a horizontal line in the daily time frame.
- Resistance @10.58 from a trend line in the weekly time frame.
- Resistance @12.20 from a horizontal line in the weekly 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 RAYS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RAYS is up. |
| ChartMill Relative Strength | 69.29 | NEUTRAL | RAYS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RAYS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RAYS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of RAYS is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 64.2 | NEUTRAL | The RSI value for RAYS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests RAYS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.35 | OVERBOUGHT | The high Stochastics value suggests RAYS may be overbought. |
| Average True Range in percent/ATR (20) | 1.72 | LOW VOLATILITY | The low ATR as a percentage value for RAYS suggests low volalility. |
| Average Directional Index/ADX (14) | 22.47 | NEUTRAL | The ADX value for RAYS suggests a possible start of a new 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)
NASDAQ:RAYS (8/22/2025, 8:00:02 PM)
10.09
-0.01 (-0.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.05%
1 Week-0.38%
2 Weeks7.45%
1 Month3.81%
3 Month21.13%
6 Month10.76%
12 Month2.13%
2 Year-32.46%
3 Year-55.82%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.17
ATR(20)%1.72%
ATR Inc-60.82%
Range Today0.06
ADR(20)0.09
ADR(20)%0.89%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS69.29
Mansfield-0.16
10 Day High10.21
10 Day Low9.34
20 Day High10.21
20 Day Low9.05
52 Week High12.63
52 Week Low7.12
CS1 End9.35
CR1 Start10.13
Volume & EV
DER(3)-1.64%
DER(5)-3.29%
Volume2.70K
Volume Incr-0.24%
Vol(5)4.22K
Vol(50)4.57K