RAYTECH HOLDING LTD (RAY)
VGG7385S1011 - Common Stock
We assign a technical rating of 0 out of 10 to RAY. RAY scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, RAY is a bad performer in the overall market: 100% of all stocks are doing better.
RAY is one of the lesser performing stocks in the Distributors industry. 85% of 15 stocks in the same industry do better.
In the last month RAY has a been trading in the 1.09 - 2.26 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Although the technical rating is bad, RAY does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 1.33. Right above this resistance zone may be a good entry point.
More info and screens
1.23
1.38
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 1.33 to 1.37. This zone is formed by a combination of multiple trend lines and important moving averages 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
CRS0
Mansfield-30
10 Day High1.49
10 Day Low1.16
20 Day High2.26
20 Day Low1.09
52 Week HighN/A
52 Week LowN/A
Performance
1 Week-14.48%
2 Weeks-13.89%
1 Month-16.78%
3 Month-15.07%
6 Month-65.36%
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)-0.01
RSI(14)43.53
LBB1.08
UBB1.58
RAYTECH HOLDING LTD
NASDAQ:RAY (1/14/2025, 8:01:55 PM)
After market: 1.2 -0.04 (-3.23%)1.24
+0.03 (+2.48%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryDistributors
Performance
% Chg2.48%
1 Week-14.48%
2 Weeks-13.89%
1 Month-16.78%
3 Month-15.07%
6 Month-65.36%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.25
ATR(20)%20.28%
ATR Inc-47.1%
Range Today0.07
ADR(20)0.24
ADR(20)%19.69%
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 High1.49
10 Day Low1.16
20 Day High2.26
20 Day Low1.09
52 Week HighN/A
52 Week LowN/A
CS1 EndN/A
CR1 Start1.33
Volume & EV
DER(3)-1.21%
DER(5)-1.56%
Volume15.00K
Volume Incr-55.74%
Vol(5)149.26K
Vol(50)158.77K