RYDE GROUP LTD-A (RYDE) Stock Technical Analysis
NYSEARCA:RYDE - NYSE Arca - KYG7733R1020 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to RYDE. In the past year, RYDE 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, RYDE is a bad performer in the overall market: 91% of all stocks are doing better.
RYDE is part of the Ground Transportation industry. There are 40 other stocks in this industry, of which 79% are performing better than RYDE.
RYDE is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
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.
RYDE has an average volume of 12106800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
In the last month RYDE has a been trading in the 0.16 - 0.59 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
RYDE has an average technical rating and it also 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
0.35
0.46
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 0.37 to 0.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.41 from a horizontal line in the weekly time frame.
- Resistance @0.46 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 RYDE is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RYDE is up. |
| ChartMill Relative Strength | 9.73 | NEGATIVE | RYDE has a low relative strength, it was outperformed by 90.27% 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) | DOWN | NEGATIVE | The current price of RYDE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.69 | NEUTRAL | The RSI value for RYDE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests RYDE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 42.1 | NEUTRAL | The Stochastics value for RYDE is a neutral value. |
| Average True Range in percent/ATR (20) | 20.55 | HIGH VOLATILITY | The high ATR as a percentage value for RYDE suggests high volalility. |
| Average Directional Index/ADX (14) | 43.31 | POSITIVE | The high ADX value value for RYDE suggests a strong 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)
0.3574
-0.01 (-3.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryGround Transportation
Performance
% Chg-3.41%
1 Week10.62%
2 Weeks23.63%
1 Month68.74%
3 Month57.79%
6 Month-29.2%
12 Month-94.99%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%20.55%
ATR Inc-53.05%
Range Today0.04
ADR(20)0.06
ADR(20)%17.28%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.73
Mansfield-8.15
10 Day High0.48
10 Day Low0.26
20 Day High0.59
20 Day Low0.16
52 Week High22.49
52 Week Low0.16
CS1 EndN/A
CR1 Start0.37
Volume & EV
DER(3)-7.19%
DER(5)-2.79%
Volume720.90K
Volume Incr-93.83%
Vol(5)1.83M
Vol(50)12.11M