RAYONIER INC (RYN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:RYN - US7549071030 - REIT
We assign a technical rating of 5 out of 10 to RYN. In the past year, RYN 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, RYN is a bad performer in the overall market: 70% of all stocks are doing better.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- RYN is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- RYN has an average volume of 1613010 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- RYN is an average performer in the Specialized REITs industry, it outperforms 51% of 30 stocks in the same industry.
- RYN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RYN is lagging the market.
RYN has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 24.18. Right above this resistance zone may be a good entry point.
More info and screens
21.08
When analyzing the support we notice one important area.
- A support zone ranging from 21.29 to 21.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 24.18 to 24.53. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @25.15 from a trend line in the weekly time frame.
- A resistance zone ranging from 26.69 to 27.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @27.94 from a horizontal line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for RYN is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RYN is up. |
| ChartMill Relative Strength | 30.68 | NEUTRAL | RYN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RYN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RYN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of RYN is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.7 | NEUTRAL | The RSI value for RYN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests RYN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.89 | OVERBOUGHT | The high Stochastics value suggests RYN may be overbought. |
| Average True Range in percent/ATR (20) | 2.42 | MEDIUM VOLATILITY | The ATR as a percentage value for RYN suggests some volalility. |
| Average Directional Index/ADX (14) | 34.12 | POSITIVE | The high ADX value value for RYN suggests a strong trend. |
24
+0.1 (+0.42%)
RAYONIER INC / RYN FAQ
Can you provide the ChartMill technical rating for RAYONIER INC?
ChartMill assigns a technical rating of 5 / 10 to RYN.
What is the trend direction for RYN stock?
The current trend direction for RAYONIER INC (RYN) is Bearish.
What is the RSI signal for RAYONIER INC (RYN) stock?
RAYONIER INC (RYN) has an RSI value of 60.6963. This indicates that the stock is currently neutral.
What is the MACD signal for RAYONIER INC (RYN) stock?
The MACD indicator for RAYONIER INC (RYN) has a value of 0.151599, indicating a bearish trend.
Can you provide the short term momentum for RAYONIER INC?
The short term momentum for RAYONIER INC (RYN) is positive.