STINGRAY GROUP INC (RAY-A.CA) Stock Technical Analysis
TSX:RAY-A - Toronto Stock Exchange - CA86084H1001 - Common Stock - Currency: CAD
Taking everything into account, RAY-A scores 8 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month RAY-A has a been trading in the 8.36 - 9.50 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When comparing the yearly performance of all stocks, we notice that RAY-A is one of the better performing stocks in the market, outperforming 77% of all stocks. We also observe that the gains produced by RAY-A over the past year are nicely spread over this period.
RAY-A is one of the better performing stocks in the Media industry, it outperforms 81% of 12 stocks in the same industry.
RAY-A is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Although RAY-A has an excellent technical rating, the quality of the presented setup is not ideal 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
6.88
8.67
When analyzing the support we can see 5 important areas.
- A support zone ranging from 8.55 to 8.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 7.58 to 7.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.37 from a horizontal line in the daily time frame.
- Support @7.10 from a horizontal line in the weekly time frame.
- Support @6.95 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.03
Mansfield0.77
10 Day High9.15
10 Day Low8.49
20 Day High9.5
20 Day Low8.36
52 Week High9.5
52 Week Low6.76
Performance
1 Week-3.49%
2 Weeks-5.19%
1 Month-2.28%
3 Month9.44%
6 Month16.26%
12 Month17.53%
2 Year43.96%
3 Year18.18%
5 Year115.04%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.09
RSI(14)48.68
LBB8.49
UBB9.34
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 8.83 | 8.54 | 0.29 (3.32%) | 25.00% |
| An entry @8.83. This is a Buy Stop order right above the 10 day moving average. | An exit @8.54. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.29 points, which is 3.32%. | For a 0.83% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of RAY-A. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX:RAY-A (3/7/2025, 7:00:00 PM)
8.58
+0.02 (+0.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg0.23%
1 Week-3.49%
2 Weeks-5.19%
1 Month-2.28%
3 Month9.44%
6 Month16.26%
12 Month17.53%
2 Year43.96%
3 Year18.18%
5 Year115.04%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.2
ATR(20)%2.55%
ATR Inc-6.81%
Range Today0.15
ADR(20)0.2
ADR(20)%2.38%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.03
Mansfield0.77
10 Day High9.15
10 Day Low8.49
20 Day High9.5
20 Day Low8.36
52 Week High9.5
52 Week Low6.76
CS1 End8.57
CR1 StartN/A
Volume & EV
DER(3)3.5%
DER(5)2.94%
Volume14.70K
Volume Incr-44.19%
Vol(5)34.53K
Vol(50)41.79K