Overall RAYS gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, RAYS is only an average performer.
Although RAYS has an excellent technical rating, the quality of the presented setup is not ideal 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
We found 3 important support 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 | 69.58 | 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. |
NASDAQ:RAYS (8/22/2025, 8:00:02 PM)
10.09
-0.01 (-0.05%)
Global X Solar ETF / RAYS FAQ
What is the ChartMill technical rating of Global X Solar ETF (RAYS) stock?
ChartMill assigns a technical rating of 8 / 10 to RAYS.
Can you provide the trend direction for Global X Solar ETF?
The current trend direction for Global X Solar ETF (RAYS) is Bullish.
What is the RSI signal for Global X Solar ETF (RAYS) stock?
Global X Solar ETF (RAYS) has an RSI value of 64.2049. This indicates that the stock is currently neutral.
Can you provide the short term momentum for Global X Solar ETF?
The short term momentum for Global X Solar ETF (RAYS) is positive.
What is the buy/sell signal for RAYS stock?
The buy/sell signal for Global X Solar ETF (RAYS) is buy as both the short term and long term trends are positive.