RAYONIER ADVANCED MATERIALS (RYAM) Stock Technical Analysis
NYSE:RYAM - New York Stock Exchange, Inc. - US75508B1044 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to RYAM. RYAM'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 neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
90% of all other stocks performed better in the past year than RYAM.
RYAM is one of the lesser performing stocks in the Chemicals industry. 73% of 85 stocks in the same industry do better.
RYAM is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month RYAM has a been trading in the 3.71 - 4.58 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
RYAM has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 3.89, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for RYAM in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
3.58
4.89
When analyzing the support we can see 3 important areas.
- A support zone ranging from 3.86 to 3.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 3.74 to 3.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 3.62 to 3.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 4.22 to 4.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 4.47 to 4.50. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @4.84 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 RYAM is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RYAM is neutral. |
| ChartMill Relative Strength | 10.7 | NEGATIVE | RYAM has a low relative strength, it was outperformed by 89.3% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RYAM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of RYAM is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RYAM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.05 | NEUTRAL | The RSI value for RYAM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests RYAM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 48.3 | NEUTRAL | The Stochastics value for RYAM is a neutral value. |
| Average True Range in percent/ATR (20) | 3.95 | MEDIUM VOLATILITY | The ATR as a percentage value for RYAM suggests some volalility. |
| Average Directional Index/ADX (14) | 20.82 | NEUTRAL | The ADX value for RYAM 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)
4.14
-0.03 (-0.72%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg-0.72%
1 Week-4.39%
2 Weeks-0.24%
1 Month7.25%
3 Month-5.91%
6 Month-45.02%
12 Month-29.11%
2 Year-12.47%
3 Year16.95%
5 Year42.27%
10 Year-70.53%
15 YearN/A
Volatility
ATR(14)0.18
ATR(20)%3.95%
ATR Inc-24.56%
Range Today0.14
ADR(20)0.16
ADR(20)%3.95%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.7
Mansfield-4.19
10 Day High4.58
10 Day Low4.07
20 Day High4.58
20 Day Low3.71
52 Week High10.28
52 Week Low3.45
CS1 End3.89
CR1 Start4.22
Volume & EV
DER(3)4.61%
DER(5)5.1%
Volume511.10K
Volume Incr-8.09%
Vol(5)472.00K
Vol(50)553.50K