RAYTECH HOLDING LTD (RAY) Stock Technical Analysis
NASDAQ:RAY - Nasdaq - VGG7385S1011 - Common Stock - Currency: USD
Taking everything into account, RAY scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, RAY is a bad performer.
100% of all other stocks performed better in the past year than RAY.
RAY is part of the Distributors industry. There are 17 other stocks in this industry, of which 81% are performing better than RAY.
Both the short term and long term trends are positive. This is a very positive sign.
RAY 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.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
RAY has an average volume of 3361780 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
RAY has an excellent technical rating, but the quality of the setup is only medium 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
1.08
2.66
We found 2 important support areas.
- Support @2.25 from a trend line in the daily time frame.
- Support @1.09 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 2.60 to 2.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High2.8
10 Day Low1.6
20 Day High2.8
20 Day Low1.09
52 Week HighN/A
52 Week LowN/A
Performance
1 Week8.51%
2 Weeks29.44%
1 Month138.32%
3 Month112.5%
6 Month74.66%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
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)0.05
RSI(14)69.36
LBB1.58
UBB2.82
2.55
+0.01 (+0.39%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryDistributors
Performance
% Chg0.39%
1 Week8.51%
2 Weeks29.44%
1 Month138.32%
3 Month112.5%
6 Month74.66%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.31
ATR(20)%14.78%
ATR Inc-10.12%
Range Today0.34
ADR(20)0.36
ADR(20)%14.08%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High2.8
10 Day Low1.6
20 Day High2.8
20 Day Low1.09
52 Week HighN/A
52 Week LowN/A
CS1 End2.25
CR1 Start2.6
Volume & EV
DER(3)-15.94%
DER(5)-9.16%
Volume1.46M
Volume Incr-28.02%
Vol(5)1.77M
Vol(50)3.36M