GLOBAL X SOLAR ETF (RAYS) Stock Technical Analysis
NASDAQ:RAYS - Nasdaq - US37960A7019 - ETF - Currency: USD
Overall RAYS gets a technical rating of 1 out of 10. RAYS's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, RAYS is a bad performer in the overall market: 80% of all stocks are doing better.
RAYS is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
Warning: RAYS has an average volume of 5994 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month RAYS has a been trading in the 8.72 - 9.47 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 bad, RAYS does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
8.64
12.32
When analyzing the support we notice one important area.
- Support @8.73 from a horizontal line in the daily time frame.
We can see 5 important resistance areas.
- A resistance zone ranging from 9.16 to 9.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @9.53 from a horizontal line in the daily time frame.
- Resistance @11.38 from a trend line in the weekly time frame.
- Resistance @11.90 from a horizontal line in the weekly time frame.
- Resistance @12.20 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.52
Mansfield-1.88
10 Day High9.47
10 Day Low8.96
20 Day High9.47
20 Day Low8.72
52 Week High12.65
52 Week Low8.7
Performance
1 Week0.72%
2 Weeks0.05%
1 Month1.45%
3 Month-6.37%
6 Month-7.79%
12 Month-18.81%
2 Year-56.62%
3 Year-58.81%
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)0.04
RSI(14)49.27
LBB8.84
UBB9.37
NASDAQ:RAYS (2/21/2025, 8:00:01 PM)
9.11
-0.16 (-1.73%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.73%
1 Week0.72%
2 Weeks0.05%
1 Month1.45%
3 Month-6.37%
6 Month-7.79%
12 Month-18.81%
2 Year-56.62%
3 Year-58.81%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.17
ATR(20)%1.81%
ATR Inc-5.35%
Range Today0.22
ADR(20)0.09
ADR(20)%0.98%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.52
Mansfield-1.88
10 Day High9.47
10 Day Low8.96
20 Day High9.47
20 Day Low8.72
52 Week High12.65
52 Week Low8.7
CS1 End8.73
CR1 Start9.16
Volume & EV
DER(3)-1.75%
DER(5)-1.05%
Volume5.70K
Volume Incr-42.01%
Vol(5)2.54K
Vol(50)5.99K