RYDE GROUP LTD-A (RYDE) Stock Technical Analysis
USA - NYSEARCA:RYDE - KYG7733R1020 - Common Stock
0.4796 USD
+0.01 (+2.7%)
0.4985 USD
+0.02 (+3.94%)
Overall RYDE gets a technical rating of 6 out of 10. In the last year, RYDE was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
RYDE is one of the better performing stocks in the Ground Transportation industry, it outperforms 90% of 43 stocks in the same industry.
RYDE has an average volume of 2665570 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When comparing the yearly performance of all stocks, we notice that RYDE is one of the better performing stocks in the market, outperforming 85% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
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.
In the last month RYDE has a been trading in the 0.40 - 0.63 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, RYDE does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. We notice that large players showed an interest for RYDE 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
0.36
0.49
When analyzing the support we can see 4 important areas.
- Support @0.45 from a trend line in the daily time frame.
- A support zone ranging from 0.43 to 0.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.37 from a trend line in the daily time frame.
- Support @0.36 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 0.49 to 0.49. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The long term trend for RYDE is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RYDE is neutral. |
| ChartMill Relative Strength | 85.98 | POSITIVE | RYDE has a high relative strength, it outperformed 85.98% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RYDE is below a declining 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 | MIXED | The current price of RYDE is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.79 | NEUTRAL | The RSI value for RYDE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests RYDE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 26.87 | NEUTRAL | The Stochastics value for RYDE is a neutral value. |
| Average True Range in percent/ATR (20) | 12.96 | HIGH VOLATILITY | The high ATR as a percentage value for RYDE suggests high volalility. |
| Average Directional Index/ADX (14) | 39.37 | 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)
0.4796
+0.01 (+2.7%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryGround Transportation
Performance
% Chg2.7%
1 Week11.53%
2 Weeks-20.07%
1 Month-5.96%
3 Month57.25%
6 Month113.16%
12 Month-9.51%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%12.96%
ATR Inc-37.41%
Range Today0.05
ADR(20)0.06
ADR(20)%12%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.98
3 months CRS95.69
6 months CRS95.68
Mansfield2.32
10 Day High0.6
10 Day Low0.4
20 Day High0.63
20 Day Low0.4
52 Week High0.89
52 Week Low0.16
CS1 End0.45
CR1 Start0.49
Volume & EV
DER(3)12.62%
DER(5)5.47%
Volume182.70K
Volume Incr-96.8%
Vol(5)198.80K
Vol(50)2.67M
RYDE GROUP LTD-A / RYDE FAQ
Can you provide the ChartMill technical rating for RYDE GROUP LTD-A?
ChartMill assigns a technical rating of 6 / 10 to RYDE.
Can you provide the trend direction for RYDE GROUP LTD-A?
The current trend direction for RYDE GROUP LTD-A (RYDE) is Bearish.
Can you provide the RSI signal for RYDE GROUP LTD-A?
RYDE GROUP LTD-A (RYDE) has an RSI value of 49.7862. This indicates that the stock is currently neutral.
What is the short term momentum for RYDE stock?
The short term momentum for RYDE GROUP LTD-A (RYDE) is neutral.