RAYONIER ADVANCED MATERIALS (RYAM) Stock Technical Analysis
NYSE:RYAM - New York Stock Exchange, Inc. - US75508B1044 - Common Stock - Currency: USD
Overall RYAM gets a technical rating of 3 out of 10. In the past year, RYAM 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.
When comparing the yearly performance of all stocks, RYAM is a bad performer in the overall market: 86% of all stocks are doing better.
RYAM is part of the Chemicals industry. There are 85 other stocks in this industry, of which 61% are performing better than RYAM.
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 3.35 - 4.68 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of RYAM 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
3.59
4.61
2 important support areas can be observed.
- Support @3.74 from a horizontal line in the daily time frame.
- Support @3.63 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 4.56 to 4.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The short term trend for RYAM is up. |
| ChartMill Relative Strength | 14.48 | NEGATIVE | RYAM has a low relative strength, it was outperformed by 85.52% 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) | UP | POSITIVE | The current price of RYAM is above the rising 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) | 60.64 | NEUTRAL | The RSI value for RYAM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests RYAM has a positive trend. |
| Stochastics (14,3) | 87.29 | OVERBOUGHT | The high Stochastics value suggests RYAM may be overbought. |
| Average True Range in percent/ATR (20) | 4.95 | MEDIUM VOLATILITY | The ATR as a percentage value for RYAM suggests some volalility. |
| Average Directional Index/ADX (14) | 20.06 | 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)
4.47
-0.08 (-1.76%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg-1.76%
1 Week19.84%
2 Weeks7.45%
1 Month3.95%
3 Month6.68%
6 Month-38.77%
12 Month-40.24%
2 Year26.63%
3 Year-1.11%
5 Year41.46%
10 Year-34.46%
15 YearN/A
Volatility
ATR(14)0.24
ATR(20)%4.95%
ATR Inc47.53%
Range Today0.33
ADR(20)0.21
ADR(20)%4.59%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.48
Mansfield-3.56
10 Day High4.68
10 Day Low3.35
20 Day High4.68
20 Day Low3.35
52 Week High10.28
52 Week Low3.35
CS1 End3.74
CR1 Start4.56
Volume & EV
DER(3)2.86%
DER(5)4.75%
Volume659.90K
Volume Incr96.39%
Vol(5)1.03M
Vol(50)539.33K