RYDE GROUP LTD-A (RYDE) Technical Analysis
NYSEARCA:RYDE • KYG7733R1020
Current stock price
RYDE Technical Rating and Analysis
Taking everything into account, RYDE scores 9 out of 10 in our technical rating. In the last year, RYDE was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- When comparing the yearly performance of all stocks, we notice that RYDE is one of the better performing stocks in the market, outperforming 98% of all stocks.
- RYDE is part of the Ground Transportation industry. There are 42 other stocks in this industry. RYDE outperforms 97% of them.
- In the last month RYDE has a been trading in the 0.24 - 0.77 range, which is quite wide. It is currently trading near the high of this range.
- RYDE has an average volume of 2631510 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- RYDE is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so RYDE is lagging the market slightly.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
RYDE Weekly and Daily overview Charts
RYDE Setup Rating and Analysis
Although RYDE has an excellent technical rating, it does not offer a high 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
RYDE Support and Resistance Analysis
0.26
When analyzing the support we can see 2 important areas.
- Support @0.46 from a trend line in the daily time frame.
- Support @0.26 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @0.70 from a horizontal line in the weekly time frame.
RYDE Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The long term trend for RYDE is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RYDE is up. |
| ChartMill Relative Strength | 98.05 | POSITIVE | RYDE has a high relative strength, it outperformed 98.05% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RYDE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RYDE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RYDE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.44 | NEUTRAL | The RSI value for RYDE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests RYDE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 71.29 | NEUTRAL | The Stochastics value for RYDE is a neutral value. |
| Average True Range in percent/ATR (20) | 17.69 | HIGH VOLATILITY | The high ATR as a percentage value for RYDE suggests high volalility. |
| Average Directional Index/ADX (14) | 28.94 | POSITIVE | The high ADX value value for RYDE suggests a strong trend. |
RYDE Chart- and CandleStick Pattern Analysis
RYDE Technicals: Chart, Performance Metrics, Trend & Indicators
0.66
+0.03 (+5.26%)
RYDE GROUP LTD-A / RYDE TA FAQ
Can you provide the ChartMill technical rating for RYDE GROUP LTD-A?
ChartMill assigns a technical rating of 9 / 10 to RYDE.
What is the trend direction for RYDE stock?
The current trend direction for RYDE GROUP LTD-A (RYDE) is Bearish.
What is the RSI signal for RYDE stock?
RYDE GROUP LTD-A (RYDE) has an RSI value of 61.4371. This indicates that the stock is currently neutral.
What is the MACD signal for RYDE stock?
The MACD indicator for RYDE GROUP LTD-A (RYDE) has a value of -0.00409479, indicating a bearish trend.
Can you provide the short term momentum for RYDE GROUP LTD-A?
The short term momentum for RYDE GROUP LTD-A (RYDE) is positive.